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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Medical Office Space
518 Ee Blvd, Charlotte, NC 28203-5110
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0469163
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1980
Total area
3,288 SF
Lot
0.25 ac (10,700 SF)
Zoning code
O-2
APN
12105113
UPID
US53-0469163
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
-
Charlotte DentalPro Dental Office
-
Dental pro Dental Office
-
Bradford Picot Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.52M
Owner & transaction history
White Tower Investments LLC · 4 yrs held
White Tower Investments LLC
since 2021
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
O-2 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.3M
+71.4%
Office building
$1.7M
+30.4%
Retail stores
$1.7M
+24.9%
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
$1,585,000
ML approach
$1,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,325,000
Current use
COMMERCIAL (GENERAL)
$2,270,000
Change: +71% · Conversion: Easy
OFFICE BUILDING
$1,730,000
Change: +30% · Conversion: Easy
RETAIL STORES
$1,655,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±10% · vs last sale $1.35M (Aug 4 2021)
Last sale anchor
$1.35M
Aug 4 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
$461 / 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
$11,076
Tax year 2023
Assessed value
$1,510,000
Assessed 2024
Previous assessed
$1,518,400
-0.6% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,354,900
Assessed improvement
$155,100
Land market value
$1,354,900
Improvement market value
$155,100
Total market value
$1,510,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1980
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
8
Total area
3,288 SF
Lot
0.25 ac (10,700 SF)
Zoning code
O-2
APN
12105113
UPID
US53-0469163
Jurisdiction
MECKLENBURG
Zoning & alternative use
O-2 · Charlotte, NC
Zoning O-2 · permitted uses
O-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
MEDICAL BUILDING Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$2.3M
OFFICE BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.7M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1980
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
8
Lot
0.25 ac
Current owner
From public records · entity-resolved
White Tower Investments LLC
Entity
Mailing address
6334 SETON HOUSE LN, CHARLOTTE, NC 28277-4523
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
Aug 4, 2021
$1,350,000
White Tower Investments LLC
Loretta J Webber
Special Warranty Deed
$1,147,500 · First Citizens Bank & Trust Co
Sep 18, 2014
$680,500
Loretta J Webber
Tomchin R Gregory
Trustees Deed
—
Sep 10, 2010
—
Webber Properties LLC
—
Deed Of Trust
related
$1,073,287 · Wells Fargo Bank
Jul 8, 1999
—
Robert D Vaughn JR.
—
Deed Of Trust
related
—
Oct 2, 1989
$308,000
Robert D Vaughn JR.
Unknown
Grant Deed
—
—
—
Webber Props LLC
—
Loan Modification
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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