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Property profile & analytics
FOR LEASE
Office buildings
5600 77 Center Dr, Charlotte, NC 28217
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0100957
For Lease
1 / 4
$30 SF/Yr
5600 77 Center Dr, Charlotte, NC 28217
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Total area
61,170 SF
Lot
4.49 ac (195,454 SF)
Zoning code
I-2
APN
16911102
UPID
US53-0100957
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
-
Grove Counseling Pllc Medical Clinic
-
Gungho Marketing Americas Inc Corporate Office
-
The Redbud Group Real Estate Agency
-
Securly Inc (Bike/Boat/Book/etc) Store Corporate Office
-
Matt Jackson-Realtor Keller Williams Southpark Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$71.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$71.43M
Owner & transaction history
Scrc Exchange Owner LLC · 1 yrs held
Scrc Exchange Owner LLC
since 2024
Last sale
$71.4M
7 recorded transactions
Zoning & alternative use
I-2 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$88.0M
+222.3%
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
$71,425,000
ML approach
$71,425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$87,965,000
Change: +222% · Conversion: Easy
Blend value · Realmo final
$71.43M
Range $64.28M – $78.57M · ±10% · vs last sale $71.43M (Sep 20 2024)
Last sale anchor
$71.43M
Sep 20 2024
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
$1,168 / 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
$87,060
Tax year 2023
Assessed value
$11,869,100
Assessed 2024
Previous assessed
$11,869,100
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$3,830,200
Assessed improvement
$8,038,900
Land market value
$3,830,200
Improvement market value
$8,038,900
Total market value
$11,869,100
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1980
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
48
Total area
61,170 SF
Lot
4.49 ac (195,454 SF)
Zoning code
I-2
APN
16911102
UPID
US53-0100957
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-2 · Charlotte, NC
Zoning I-2 · permitted uses
I-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
APARTMENT HOUSE (5+ UNITS)
Est. value
$88.0M
APARTMENT HOUSE (5+ UNITS)
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
48
Lot
4.49 ac
Current owner
From public records · entity-resolved
Scrc Exchange Owner LLC
Entity
Free & Clear · 1 yrs held
Mailing address
245 S PARK AVE FL #42, NEW YORK, NY 10167-4202
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Sep 20, 2024
$71,426,000
Scrc Exchange Owner LLC
Tdc 77 Center Drive II LLC
Special Warranty Deed
—
Feb 13, 2020
—
Tdc 77 Center Drive II LLC
Tdc 77 Center Drive LLC
Correction Deed
related
—
Apr 1, 2019
—
Tdc 77 Center Drive II LLC
Tdc 77 Center Drive LLC
Quit Claim Deed
$126,000,000 · Acrc Lender
Jun 12, 2018
$42,700,000
Tdc 77 Center Drive LLC
Wpfii Reiv LLC
Grant Deed
—
Nov 17, 2014
—
Wpfii Reiv LLC
—
Grant Deed
related
$21,600,000 · Citizens Bk
Oct 25, 2012
$34,600,000
Wppii Reiv LLC
Intercontinental Fund III Vang
Grant Deed
—
Jan 15, 2009
—
Fund Intercontinental III
—
Deed Of Trust
related
$41,615,000 · Lasalle National Bank
Jul 21, 2006
$50,100,000
Fund Intercontinental III
Crt Vanguard Partners
Grant Deed
—
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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