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Property profile & analytics
OFF-MARKET
Estimated value
$21,785,000
Office buildings
501 Billingsley Rd, Charlotte, NC 28211-1009
Entity Owned
Free & Clear
Property ID
US53-4048804
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Total area
100,316 SF
Lot
8.19 ac (356,626 SF)
Zoning code
O-1
APN
15704153
UPID
US53-4048804
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
-
Stanton Julie L Professional Services Medical Billing Service
-
Charlotte Gregory, PA Physician
-
Bruce K. Noll, MD Physician
-
Elizabeth S. Nicholson, MD Physician
-
Joshua D. Richter, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$25.43M
Comparable Approach
Comparable
$20.73M
Blend (final)
Blend
$21.79M
Owner & transaction history
CHARLOTTE MECKLENBURG HOSPITAL AUTHORITY
CHARLOTTE MECKLENBURG HOSPITAL AUTHORITY
Zoning & alternative use
O-1 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$32.5M
+20.0%
Neighborhood: shopping center
$30.0M
+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%
$27,545,000
6.5%
$25,425,000
7%
$23,610,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$27,080,000
Current use
RETAIL STORES
$32,490,000
Change: +20% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$29,985,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$26,140,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$21.79M
Range $19.61M – $23.96M · ±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
$217 / 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
$111,872
Tax year 2023
Assessed value
$15,251,800
Assessed 2024
Effective rate
0.73%
On assessed value
Assessed land
$5,917,200
Assessed improvement
$9,334,600
Land market value
$5,917,200
Improvement market value
$9,334,600
Total market value
$15,251,800
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
1975
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
100,316 SF
Lot
8.19 ac (356,626 SF)
Zoning code
O-1
APN
15704153
UPID
US53-4048804
Jurisdiction
MECKLENBURG
Zoning & alternative use
O-1 · Charlotte, NC
Zoning O-1 · permitted uses
O-1 · 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
$27.1M
RETAIL STORES
Est. value
$32.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$30.0M
AUTO REPAIR, GARAGE
Est. value
$26.1M
OFFICE BUILDING Current
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
1975
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
8.19 ac
Current owner
From public records · entity-resolved
CHARLOTTE MECKLENBURG HOSPITAL AUTHORITY
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 32861, CHARLOTTE, NC 28232-2861
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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