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Property profile & analytics
OFF-MARKET
Estimated value
$2,280,000
Assisted living facilities
5114 Providence Rd, Charlotte, NC 28226-5852
Entity Owned
27-yr Hold
Free & Clear
Property ID
US53-0451747
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1999
Total area
62,843 SF
Lot
12.1 ac (527,076 SF)
Zoning code
INST(CD)
APN
18712102
UPID
US53-0451747
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
-
Sunrise on Providence Nursing Home Retirement Community
-
Nicholas Brand Physician
-
Tattiauna Couser Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.28M
Owner & transaction history
Al II Investments LLC · 27 yrs held
Al II Investments LLC
since 1999
7 recorded transactions
Zoning & alternative use
INST(CD) · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$36 / 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
$96,188
Tax year 2023
Assessed value
$13,113,500
Assessed 2024
Previous assessed
$13,184,200
-0.5% YoY
Effective rate
0.73%
On assessed value
Assessed land
$6,967,800
Assessed improvement
$6,145,700
Land market value
$6,967,800
Improvement market value
$6,145,700
Total market value
$13,113,500
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1999
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Total area
62,843 SF
Lot
12.1 ac (527,076 SF)
Zoning code
INST(CD)
APN
18712102
UPID
US53-0451747
Jurisdiction
MECKLENBURG
Zoning & alternative use
INST(CD) · Charlotte, NC
Zoning INST(CD) · permitted uses
INST(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.
Building & site characteristics
From public records
Year built
1999
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
12.1 ac
Current owner
From public records · entity-resolved
Al II Investments LLC
Entity
Free & Clear · 27 yrs held
Mailing address
7902 WESTPARK DR, MCLEAN, VA 22102-4202
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2010
—
Al I Of Providence Senior Hsng Ll
—
Deed Of Trust
related
$13,500,000 · Federal National Mortgage Assn
Aug 11, 2005
—
Al I Of Providence Senior Hsng Ll
—
Deed Of Trust
related
$9,857,000 · Mma Mortgage Investment Corp
May 12, 1999
$968,000
Al II Investments LLC
—
Grant Deed
related
—
Mar 31, 1999
$968,000
Al II Investments LLC
Rha,assisted Liv
Grant Deed
—
Jun 29, 1998
$968,000
Rha Assisted Living Of Cha
Sunrise,east Ass
Grant Deed
—
Feb 6, 1998
$960,000
East Assisted Livi Sunrise
Sunrise,east Ass
Grant Deed
related
—
Aug 12, 1997
—
Little Tull Lake Family Lt
Little,tull Lake
Quit Claim Deed
related
—
—
—
Al I Of Providence Senior Hsng Ll
—
Deed Of Trust
related
$9,857,000 · Mma Mortgage Investment Corp
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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