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Property profile & analytics
OFF-MARKET
Estimated value
$5,935,000
Office buildings
520 Elliot St, Charlotte, NC 28202-1366
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US53-5734125
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1910
Total area
22,408 SF
Lot
1.41 ac (61,507 SF)
Zoning code
MUDD
APN
7324219
UPID
US53-5734125
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
-
Enventys Partners Marketing & Advertising (Bike/Boat/Book/etc) Store
-
URise Products, LLC Business Service Center
-
Kapstone Medical, LLC Engineering Consultant Distribution Service
-
Fabric of Faith Church Mosque
-
Inventors Digest Publishing House
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.68M
Comparable Approach
Comparable
$4.58M
Blend (final)
Blend
$5.94M
Owner & transaction history
520 Elliott Street LLC · 22 yrs held
520 Elliott Street LLC
since 2004
7 recorded transactions
Zoning & alternative use
MUDD · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,150,000
6.5%
$5,680,000
7%
$5,275,000
Blend value · Realmo final
$5.94M
Range $5.34M – $6.53M · ±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
$265 / 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
$40,924
Tax year 2023
Assessed value
$5,579,300
Assessed 2024
Previous assessed
$5,611,000
-0.6% YoY
Effective rate
0.73%
On assessed value
Assessed land
$4,439,000
Assessed improvement
$1,140,300
Land market value
$4,439,000
Improvement market value
$1,140,300
Total market value
$5,579,300
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
1910
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Rooms
1
Total area
22,408 SF
Lot
1.41 ac (61,507 SF)
Zoning code
MUDD
APN
7324219
UPID
US53-5734125
Jurisdiction
MECKLENBURG
Zoning & alternative use
MUDD · Charlotte, NC
Zoning MUDD · permitted uses
MUDD · 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
1910
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
520 Elliott Street LLC
Entity
Mailing address
520 ELLIOT ST STE #200, CHARLOTTE, NC 28202-1363
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
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
May 15, 2025
—
520 Elliott Street LLC
—
Deed
related
$2,000,000 · Fred Wagner
May 6, 2021
—
520 Elliott Street LLC
—
Deed
related
$400,000 · Park National Bank
Jul 15, 2016
—
520 Elliott St LLC
—
Deed
related
$240,000 · Newdominion Bank
Feb 17, 2004
—
520 Elliott Street LLC
Tower Properties & Charlotte L
Warranty Deed
related
—
Feb 13, 1996
—
Tower Properties Of Charlo
Tower Properties
Quit Claim Deed
related
—
—
—
520 Elliott Street LLC
—
Deed Of Trust
related
$500,000 · Newdominion Bank
—
—
520 Elliott Street LLC
—
Deed Of Trust
related
$1,650,000 · Newdominion Bank
—
—
520 Elliott Street LLC
—
Deed Of Trust
related
$56,000 · Newdominion Bank
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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