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Property profile & analytics
OFF-MARKET
Assisted living facilities
3600 Park Rd Charlotte, NC 28209-4102
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-1303319
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1940
Total area
177,403 SF
Lot
7.31 ac (318,641 SF)
Zoning code
R4
APN
14914438
UPID
US53-1303319
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
-
Jessica L. Bauserman, SLP Physician
-
MerryWood on Park Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Charlotte Nc Senior Property LLC · 8 yrs held
Charlotte Nc Senior Property LLC
since 2018
Last sale
$59.9M
7 recorded transactions
Zoning & alternative use
R4 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$192,789
Tax year 2023
Assessed value
$26,283,500
Assessed 2024
Previous assessed
$26,319,100
-0.1% YoY
Effective rate
0.73%
On assessed value
Assessed land
$8,457,700
Assessed improvement
$17,825,800
Land market value
$8,457,700
Improvement market value
$17,825,800
Total market value
$26,283,500
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1940
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
2
Rooms
4
Total area
177,403 SF
Lot
7.31 ac (318,641 SF)
Zoning code
R4
APN
14914438
UPID
US53-1303319
Jurisdiction
MECKLENBURG
Zoning & alternative use
R4 · Charlotte, NCZoning R4 · permitted uses
R4 · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1940
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
4
Rooms
4
Lot
7.31 ac
Current owner
From public records · entity-resolved
Charlotte Nc Senior Property LLC
Entity
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2018
$47,400,000
Charlotte Nc Senior Property LLC
Vtr Merrywood LLC
Special Warranty Deed
$31,000,000 · Bmo Harris Bank NA
Dec 29, 2003
—
Atria Merrywood LLC
Merrywood,atria
Quit Claim Deed
related
$13,575 · Red Mortgage Capital INC
Jan 15, 1999
—
K,ninty Eight Senior LLC
Merrywood,associ
Grant Deed
related
—
Jan 6, 1999
—
K 98 Senior LLC
Merrywood,associ
Grant Deed
related
—
Jun 1, 1996
—
Merrywood Associates
—
Deed Of Trust
related
$750,000 · Branch Banking & Trust Co
Jun 2, 1989
$836,000
Merrywood Associates
Unknown
Grant Deed
—
—
—
Atria Merrywood LLC
—
Deed Of Trust
related
$4,076,948 · Red Mortgage Capital INC
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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