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Property profile & analytics
OFF-MARKET
Estimated value
$4,305,000
Banks
500 Providence Rd Charlotte, NC 28207-1602
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-1883798
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1926
Total area
4,598 SF
Lot
1.14 ac (49,615 SF)
Zoning code
B1
APN
15504408
UPID
US53-1883798
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
-
Chase ATM Atm
-
Chase Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.05M
Blend (final)
Blend
$4.31M
Owner & transaction history
500 Providence Rd LLC · 5 yrs held
500 Providence Rd LLC
since 2021
Last sale
$4.0M
6 recorded transactions
Zoning & alternative use
B1 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.4M
+24.4%
Commercial (general)
$3.2M
+14.7%
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
$4,660,000
ML approach
$4,875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$2,770,000
Current use
OFFICE BUILDING
$3,445,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,175,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$4.31M
Range $3.87M – $4.74M · ±10% · vs last sale $3.97M (Jan 19 2021)
Last sale anchor
$3.97M
Jan 19 2021
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
$936 / 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
$45,181
Tax year 2023
Assessed value
$6,159,700
Assessed 2024
Previous assessed
$6,236,300
-1.2% YoY
Effective rate
0.73%
On assessed value
Assessed land
$4,927,900
Assessed improvement
$1,231,800
Land market value
$4,927,900
Improvement market value
$1,231,800
Total market value
$6,159,700
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1926
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
9
Total area
4,598 SF
Lot
1.14 ac (49,615 SF)
Zoning code
B1
APN
15504408
UPID
US53-1883798
Jurisdiction
MECKLENBURG
Zoning & alternative use
B1 · Charlotte, NC
Zoning B1 · permitted uses
B1 · 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
FINANCIAL BUILDING Current
Est. value
$2.8M
OFFICE BUILDING
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.2M
FINANCIAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1926
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
9
Lot
1.14 ac
Current owner
From public records · entity-resolved
500 Providence Rd LLC
Entity
Free & Clear · 5 yrs held
Mailing address
316 LOCKLEY DR, CHARLOTTE, NC 28207-2330
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2021
$3,970,000
500 Providence Rd LLC
James R III
Grant Deed
—
Jan 19, 2021
—
500 Providence Rd LLC
James R III
Grant Deed
—
Sep 15, 2020
—
James R Bryant III
Bryant Marital Trust
Quit Claim Deed
related
—
Dec 5, 2017
—
Bryant,lillian M Trust
Bryant Donald G Trust
Quit Claim Deed
related
—
Mar 5, 2014
—
Bryant,donald G Trust
Bryant Donald G
Quit Claim Deed
related
—
Nov 29, 1999
—
James R Bryant III
—
Deed Of Trust
related
—
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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