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Property profile & analytics
OFF-MARKET
Estimated value
$18,920,000
Office buildings
4500 Cameron Vly Pkwy, Charlotte, NC 28211-3552
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-0998575
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
59,326 SF
Lot
3.43 ac (149,193 SF)
Zoning code
O-6(CD)
APN
18313497
UPID
US53-0998575
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
-
Don Wolf - Associate Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
Douglas Carol A Financial Advisor
-
Pavement Exchange Group, LLC General Contractor Construction Company
-
Don Wolf - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
Jefferson Pilot Financial Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.04M
Comparable Approach
Comparable
$21.19M
Blend (final)
Blend
$18.92M
Owner & transaction history
Wake Internal Realty III LLC · 2 yrs held
Wake Internal Realty III LLC
since 2023
7 recorded transactions
Zoning & alternative use
O-6(CD) · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$23.9M
+49.3%
Retail stores
$19.2M
+20.0%
Neighborhood: shopping center
$17.7M
+10.7%
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%
$16,290,000
6.5%
$15,035,000
7%
$13,960,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$16,015,000
Current use
MEDICAL BUILDING
$23,910,000
Change: +49% · Conversion: Easy
RETAIL STORES
$19,215,000
Change: +20% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$17,735,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,460,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$18.92M
Range $17.03M – $20.81M · ±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
$319 / 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
$119,653
Tax year 2023
Assessed value
$16,312,600
Assessed 2024
Previous assessed
$16,519,900
-1.3% YoY
Effective rate
0.73%
On assessed value
Assessed land
$7,220,300
Assessed improvement
$9,092,300
Land market value
$7,220,300
Improvement market value
$9,092,300
Total market value
$16,312,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1989
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Units
1
Rooms
35
Total area
59,326 SF
Lot
3.43 ac (149,193 SF)
Zoning code
O-6(CD)
APN
18313497
UPID
US53-0998575
Jurisdiction
MECKLENBURG
Zoning & alternative use
O-6(CD) · Charlotte, NC
Zoning O-6(CD) · permitted uses
O-6(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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$16.0M
MEDICAL BUILDING
Est. value
$23.9M
RETAIL STORES
Est. value
$19.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.7M
AUTO REPAIR, GARAGE
Est. value
$15.5M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
1
Rooms
35
Lot
3.43 ac
Current owner
From public records · entity-resolved
Wake Internal Realty III LLC
Entity
Mailing address
4500 CAMERON VLY PKWY, CHARLOTTE, NC 28211-3552
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2023
$17,765,000
Wake Internal Realty III LLC
Tkc Ccxcii LLC
Special Warranty Deed
$39,000,000 · First Citizens Bank & Trust Co
Aug 7, 2018
—
Tkc Cxxxv LLC
—
Deed
related
$11,000,000 · Thrivent Fin'l/lutherans
Apr 27, 2017
—
Tkc Cxxxv LLC
Tkc Cxlviii LLC
Quit Claim Deed
$11,400,000 · Ubtnc Com'l Fin
Nov 10, 2016
—
Tkc Cxxxvii LLC
—
Deed
related
$22,800,000 · Union Bk&tr
Jul 31, 2013
$11,897,500
Tkc Cxxxv LLC
Mb1 LLC
Grant Deed
$9,748,000 · Newbridge Bank
May 2, 2007
$1,200,000
Mb1 Tic 1 LLC
Mb1 LLC
Grant Deed
—
May 2, 2007
$600,000
Mb1 Tic 2 LLC
Mb1 LLC
Grant Deed
—
Jun 16, 1998
$406,500
Herbert Spaugh JR.
Spaugh,herbert J
Grant Deed
related
—
Jul 22, 1997
—
Ridgeline-claybrooke,llc
—
Deed Of Trust
related
$1,225,000 · Branch Banking & Trust Co
Jun 24, 1997
—
517 Sharon Amity LLC
—
Deed Of Trust
related
$1,820,000 · Wachovia Bank NA
May 27, 1997
—
Seventh Elizabeth Associates
—
Deed Of Trust
related
$1,400,000 · Branch Banking & Trust Co
Apr 1, 1997
—
Colony,at Peninsula LLC
—
Deed Of Trust
related
$1,670,000 · Wachovia Bank NA
Jan 13, 1997
—
Glenn E Williams
—
Deed Of Trust
related
$90,000 · Lincoln Bank
Sep 19, 1996
—
Howard R Biggers JR.
—
Deed Of Trust
related
$302,115 · Beltway Associates
Jun 14, 1989
$1,590,000
Colony Associates
Unknown
Grant Deed
—
—
—
Arbors At Mallard Creek LLC
—
Deed Of Trust
related
$3,200,000 · Regions Bank
—
—
Mb1 LLC
—
Deed Of Trust
related
$7,000,000 · First Colony Life Insurance Co
—
—
Tkc Cxxxv LLC
—
Loan Modification
related
$11,400,000 · Ubtnc Com'l Fin
—
—
Tkc Cxxxv LLC
—
Deed Of Trust
related
$11,000,000 · Thrivent Fin'l/lutherans
—
—
Tkc Cxxxvii LLC
—
Deed Of Trust
related
$22,800,000 · Union Bk&tr
—
—
Tkc Cxxxvii LLC
—
Loan Modification
related
$9,748,000 · Newbridge Bk
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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