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Property profile & analytics
OFF-MARKET
Estimated value
$1,610,000
Assisted living facilities
5515 Rea Rd, Charlotte, NC 28226-3446
Individually Owned
16-yr Hold
Free & Clear
Property ID
US53-0729813
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Mary D. Price, Otrl Physician
-
Brookdale South Charlotte Home Health Care Service Assisted Living Facility
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
Brookdale Place Of South Charlotte · 16 yrs held
Brookdale Place Of South Charlotte
since 2009
7 recorded transactions
Zoning & alternative use
R-12MF(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
$28 / 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
$60,302
Tax year 2023
Assessed value
$8,221,100
Assessed 2024
Previous assessed
$8,232,800
-0.1% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,833,500
Assessed improvement
$6,387,600
Land market value
$1,833,500
Improvement market value
$6,387,600
Total market value
$8,221,100
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
1997
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Total area
57,599 SF
Lot
4.63 ac (201,596 SF)
Zoning code
R-12MF(CD)
APN
21125104
UPID
US53-0729813
Jurisdiction
MECKLENBURG
Zoning & alternative use
R-12MF(CD) · Charlotte, NC
Zoning R-12MF(CD) · permitted uses
R-12MF(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
1997
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
4.63 ac
Current owner
From public records · entity-resolved
Brookdale Place Of South Charlotte
Individual
Free & Clear · 16 yrs held
Mailing address
111 WESTWOOD PL STE #200, BRENTWOOD, TN 37027-1014
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2025
—
Brookdale Place Of South Charlotte
—
Deed
related
$221,205,000 · Capital One National Association
Oct 14, 2022
—
Brookdale Place Of South Charlotte
—
Deed
related
$230,000,000 · Capital One Bank NA
Nov 20, 2009
$6,017,000
Brookdale Place Of South Charlotte
Sunrise South Charlotte Nc Senior L
Special Warranty Deed
—
May 13, 2008
—
Sunrise South Charlotte Nc Sen
Karrington Operating Co INC
Warranty Deed
$4,847,758 · Capmark Bank
Oct 11, 1996
$850,000
Operating Compa Karrington
Karrington,opera
Grant Deed
related
—
—
—
Brookdale Place Of South Charlott
—
Loan Modification
related
$4,847,758 · Federal National Mtg
—
—
Brookdale Place Of South Charlott
—
Deed Of Trust
related
$4,847,758 · Federal National Mortgage Assn
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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