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Property profile & analytics
OFF-MARKET
Estimated value
$4,875,000
Office buildings
4108 Park Rd Charlotte, NC 28209-2259
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US53-5593813
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Total area
29,696 SF
Lot
1.07 ac (46,435 SF)
Zoning code
R-4
APN
14920416
UPID
US53-5593813
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
-
American Garage Door Systems Building Supply General Contractor
-
Julianne Gold Brunson Physician Medical Clinic
-
Providence Electric Electrical Service General Contractor
-
Joe Carteret, The Carteret Group Real Estate Agency
-
Rebecca Royston Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.88M
Blend (final)
Blend
$4.88M
Owner & transaction history
Park Road Office LLC · 18 yrs held
Park Road Office LLC
since 2007
3 recorded transactions
Zoning & alternative use
R-4 · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.88M
Range $4.39M – $5.36M · ±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
$164 / 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
$32,487
Tax year 2023
Assessed value
$4,429,100
Assessed 2024
Previous assessed
$4,487,200
-1.3% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,831,900
Assessed improvement
$2,597,200
Land market value
$1,831,900
Improvement market value
$2,597,200
Total market value
$4,429,100
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
1970
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Rooms
4
Total area
29,696 SF
Lot
1.07 ac (46,435 SF)
Zoning code
R-4
APN
14920416
UPID
US53-5593813
Jurisdiction
MECKLENBURG
Zoning & alternative use
R-4 · Charlotte, NC
Zoning R-4 · permitted uses
R-4 · 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
1970
Heating
FORCED AIR
Cooling
Yes
Stories
3
Rooms
4
Lot
1.07 ac
Current owner
From public records · entity-resolved
Park Road Office LLC
Entity
Mailing address
5800 OLD PINEVILLE RD #201, CHARLOTTE, NC 28217-4106
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2007
$2,000,000
Park Road Office LLC
Wake Forest University Development
Special Warranty Deed
$2,080,000 · Branch Banking And Trust Co
Dec 29, 2005
—
Wake Forest Univ Dev Foun
Park Road Shopping Center INC
Warranty Deed
—
Nov 8, 1988
$1,400,000
Park Road Shopping Center
Unknown
Grant 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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