Property profile

5515 Rea Rd Charlotte, NC 28226

OFF-MARKET
Assisted living facilities
Property ID
US53-0729813
57,599 SF 4.63 ac lot Built 1997
Individually Owned 16-yr Hold Free & Clear
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1997
Total area 57,599 SF
Lot 4.63 ac (201,596 SF)
Zoning code R-12MF(CD)
APN 21125104
UPID US53-0729813

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Home Health Care Service Assisted Living Facility

Location

5515 Rea Rd Charlotte, NC 28226-3446
Charlotte metro Census 3017 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.61M

Owner & transaction history

since 2009
7 recorded transactions
2025
Price N/A
2022
Price N/A
2009
$6.0M
2008
Price N/A
1996
$850,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R-12MF(CD) · Charlotte, NC
Zoning description

This district is hereby established to protect and promote the development of a variety of housing types, including apartments, condominiums, and other forms of attached housing, this conditional district allow for the e…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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