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Property profile & analytics
OFF-MARKET
Estimated value
$3,075,000
Office buildings
400 Trade St Charlotte, NC 28202-2428
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-0469194
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1927
Total area
18,390 SF
Lot
0.24 ac (10,493 SF)
Zoning code
UMUD
APN
12502301
UPID
US53-0469194
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
-
Charlotte Concreters Construction Company General Contractor
-
Kren Gift (Bike/Boat/Book/etc) Store
-
InnerVision Crisis Center Medical Clinic
-
Rodgers Builders, Inc. Construction Company General Contractor
-
Haynsworth Baldwin Johnson Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.41M
Blend (final)
Blend
$3.08M
Owner & transaction history
Merancas Holdings LLC · 1 yrs held
Merancas Holdings LLC
since 2024
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
UMUD · 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
$3,075,000
ML approach
$3,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.08M
Range $2.77M – $3.38M · ±10% · vs last sale $3.08M (Dec 23 2024)
Last sale anchor
$3.08M
Dec 23 2024
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
$167 / 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
$21,580
Tax year 2023
Assessed value
$2,942,100
Assessed 2024
Previous assessed
$2,946,400
-0.1% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,251,300
Assessed improvement
$690,800
Land market value
$2,251,300
Improvement market value
$690,800
Total market value
$2,942,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1927
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
1
Rooms
3
Bathrooms
2
Total area
18,390 SF
Lot
0.24 ac (10,493 SF)
Zoning code
UMUD
APN
12502301
UPID
US53-0469194
Jurisdiction
MECKLENBURG
Zoning & alternative use
UMUD · Charlotte, NC
Zoning UMUD · permitted uses
UMUD · 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
1927
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
1
Rooms
3
Bathrooms
2
Lot
0.24 ac
Current owner
From public records · entity-resolved
Merancas Holdings LLC
Entity
Mailing address
PO BOX 31083, CHARLOTTE, NC 28231-1083
Ownership since
2024
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
Dec 23, 2024
$3,076,500
Merancas Holdings LLC
Innervision Real Estate Foundation
Special Warranty Deed
—
Apr 13, 2018
—
Cojac Charlotte LLC
Collins Jack E Trust
Grant Deed
related
—
Oct 3, 2017
$2,050,000
Innervision R & E Foun LLC
Wells Property Number One LLC
Grant Deed
related
—
Oct 3, 2017
—
Innervision R & E Foun LLC
Wells Property Number One LLC
Grant Deed
related
—
Sep 14, 2017
$2,050,000
Innervision Real Estate Foudation L
Wells Property Number One LLC
Special Warranty Deed
—
Sep 14, 2017
—
Innervision R & E Foun LLC
Wells Property Number One LLC
Grant Deed
—
Sep 16, 2003
—
Wells Property Number One LLC
Wells,n W & Elizabeth K
Quit Claim Deed
related
$2,790,952 · Rbc Centura Bank
Apr 4, 1997
—
Hobart Smith Construction
—
Deed Of Trust
related
$225,600 · First Charter Bank
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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