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Property profile & analytics
OFF-MARKET
Estimated value
$42,280,000
Medical Office Space
249 Billingsley Rd, Charlotte, NC 28211-1003
Individually Owned
12-yr Hold
Free & Clear
Property ID
US53-1135557
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1969
Total area
237,587 SF
Lot
64.16 ac (2,794,853 SF)
Zoning code
O1
APN
15704104
UPID
US53-1135557
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
SE (Cooksey) health dept. Physician
-
White Lena K MD Pediatrician Physician
-
WIC Medical Clinic
-
Glenn Jacqueline Registered General Nurse
-
Dr. Stephen R. Keener, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$50.57M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$42.28M
Owner & transaction history
Hosp Aut Charlotte-mecklenburg · 12 yrs held
Hosp Aut Charlotte-mecklenburg
since 2013
1 recorded transaction
Zoning & alternative use
O1 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Charlotte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charlotte submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$54,785,000
6.5%
$50,570,000
7%
$46,955,000
Blend value · Realmo final
$42.28M
Range $38.05M – $46.51M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$178 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$472,736
Tax year 2023
Assessed value
$64,449,300
Assessed 2024
Effective rate
0.73%
On assessed value
Assessed land
$33,446,200
Assessed improvement
$31,003,100
Land market value
$33,446,200
Improvement market value
$31,003,100
Total market value
$64,449,300
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1969
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
1
Rooms
99
Bathrooms
15
Total area
237,587 SF
Lot
64.16 ac (2,794,853 SF)
Zoning code
O1
APN
15704104
UPID
US53-1135557
Jurisdiction
MECKLENBURG
Zoning & alternative use
O1 · Charlotte, NC
Zoning O1 · permitted uses
O1 · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Charlotte. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1969
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
6
Rooms
99
Bathrooms
15
Lot
64.16 ac
Current owner
From public records · entity-resolved
Hosp Aut Charlotte-mecklenburg
Individual
Free & Clear · 12 yrs held
Mailing address
600 E 4TH ST, CHARLOTTE, NC 28202-2816
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2013
—
Hosp Aut Charlotte-mecklenburg
Mecklenburg County
Quit Claim Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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