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Property profile & analytics
OFF-MARKET
Estimated value
$10,750,000
Office buildings
5039 Airport Ctr Pkwy, Charlotte, NC 28208-5885
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-1303941
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
53,014 SF
Lot
5.37 ac (234,004 SF)
Zoning code
I-2
APN
11510402
UPID
US53-1303941
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
-
South Piedmont AHEC Training Center Tutoring Service
-
Building K Corporate Office
-
Kaufman Michael D MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.44M
Comparable Approach
Comparable
$11.92M
Blend (final)
Blend
$10.75M
Owner & transaction history
5039 Airport Center Parkway LLC · 5 yrs held
5039 Airport Center Parkway LLC
since 2020
5 recorded transactions
Zoning & alternative use
I-2 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$17.6M
+10.9%
Neighborhood: shopping center
$15.8M
+0.2%
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%
$14,555,000
6.5%
$13,435,000
7%
$12,475,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$15,820,000
Current use
RETAIL STORES
$17,550,000
Change: +11% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$15,845,000
Change: +0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,815,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$10.75M
Range $9.68M – $11.83M · ±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
$203 / 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
$74,956
Tax year 2023
Assessed value
$10,218,900
Assessed 2024
Previous assessed
$10,787,800
-5.3% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,555,900
Assessed improvement
$8,663,000
Land market value
$1,555,900
Improvement market value
$8,663,000
Total market value
$10,218,900
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
1999
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
16
Total area
53,014 SF
Lot
5.37 ac (234,004 SF)
Zoning code
I-2
APN
11510402
UPID
US53-1303941
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-2 · Charlotte, NC
Zoning I-2 · permitted uses
I-2 · 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
$15.8M
RETAIL STORES
Est. value
$17.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$15.8M
AUTO REPAIR, GARAGE
Est. value
$13.8M
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
1999
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
16
Lot
5.37 ac
Current owner
From public records · entity-resolved
5039 Airport Center Parkway LLC
Entity
Mailing address
4500 DORR ST, TOLEDO, OH 43615-4040
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2020
—
5039 Airport Center Parkway LLC
Welltower Om Group LLC
Special Warranty Deed
$333,836,249 · Morgan Stanley Mortgage Capital Hol
Mar 26, 2019
$10,120,000
Welltower Om Group LLC
Us Flagship Mob-airport Ctr Ll
Grant Deed
—
Mar 17, 2015
$8,000,000
Us Flagship Mob Airport Center LLC
Broymed Charlotte LLC
Special Warranty Deed
—
Jan 13, 2005
$6,610,000
Broymed Charlotte LLC
Bissell Dabbs Biggers LLC
Grant Deed
$4,650,000 · Lasalle National Bank
—
—
Us Flagship Mob-airport Center
—
Loan Modification
related
$27,417,000 · Cadence 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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