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Property profile & analytics
OFF-MARKET
Estimated value
$3,625,000
Medical Office Space
3025 Springbank Ln, Charlotte, NC 28226-3362
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US53-1564787
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Total area
22,181 SF
Lot
2.04 ac (88,732 SF)
Zoning code
O-1(CD)
APN
21127121
UPID
US53-1564787
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
-
JEan M. Toppin, MD Physician
-
Chelsea Mccaskill Physician
-
Constantine Michael Moschopoulos, DO Physician
-
Patricia Blair Baker, DO Physician
-
Atrium Health Primary Care Charlotte Medical Clinic Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.72M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.63M
Owner & transaction history
Tryon Investments LLC|charles O Dalton Family LLC · 11 yrs held
Tryon Investments LLC|charles O Dalton Family LLC
since 2015
7 recorded transactions
Zoning & alternative use
O-1(CD) · 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%
$5,115,000
6.5%
$4,720,000
7%
$4,385,000
Blend value · Realmo final
$3.63M
Range $3.26M – $3.99M · ±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
$163 / 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
$41,264
Tax year 2023
Assessed value
$5,625,600
Assessed 2024
Previous assessed
$5,676,500
-0.9% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,964,400
Assessed improvement
$3,661,200
Land market value
$1,964,400
Improvement market value
$3,661,200
Total market value
$5,625,600
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
2003
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
22,181 SF
Lot
2.04 ac (88,732 SF)
Zoning code
O-1(CD)
APN
21127121
UPID
US53-1564787
Jurisdiction
MECKLENBURG
Zoning & alternative use
O-1(CD) · Charlotte, NC
Zoning O-1(CD) · permitted uses
O-1(CD) · 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
2003
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
2.04 ac
Current owner
From public records · entity-resolved
Tryon Investments LLC|charles O Dalton Family LLC
Entity
Mailing address
4201 CONGRESS ST STE #170, CHARLOTTE, NC 28209-4707
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2015
$5,200,000
Tryon Investments LLC|charles O Dalton Family LLC
Newman At Belle Grove LLC
Grant Deed
$1,500,000 · Miscellaneous Ins Co
Aug 22, 2007
$47,500
Lyttleton Labs LLC
Slayden,stephen K & Tiffany B
Grant Deed
—
May 8, 2007
—
Stephen K Slayden
Newman At Belle Grove LLC
Grant Deed
—
Aug 27, 2004
—
Newman At Belle Grove LLC
Warfield,james A & Robin H
Grant Deed
related
—
Aug 10, 1998
$3,200,000
Commercial Properties L Hd
Hd Commercial Pr
Grant Deed
related
—
Sep 1, 1988
$575,000
Eli B Springs III
Unknown
Grant Deed
—
—
—
Newman At Belle Grove LLC
—
Deed Of Trust
related
$300,000 · American Community Bk & Tr
—
—
Newman At Belle Grove LLC
—
Deed Of Trust
related
$2,600,000 · First Colony Life Insurance Co
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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