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Property profile & analytics
OFF-MARKET
Estimated value
$82,065,000
Parking lots & garages
5725 Carnegie Blvd Charlotte, NC 28209-4631
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-0149844
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2014
Total area
89,950 SF
Lot
7.25 ac (315,766 SF)
Zoning code
MUDDO
APN
17706204
UPID
US53-0149844
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
-
Posh Ganache Bakery Bakery Specialty Food Shop
-
LaVie SouthPark Apartment Building Apartment Complex
-
jm robinson High School
-
Paramount Home Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$84.31M
Blend (final)
Blend
$82.07M
Owner & transaction history
Lavie Acquisition LLC · 5 yrs held
Lavie Acquisition LLC
since 2020
Last sale
$77.3M
7 recorded transactions
Zoning & alternative use
MUDDO · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$129.4M
+157.0%
Commercial (general)
$62.1M
+23.4%
Restaurant
$57.5M
+14.2%
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
$89,455,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$50,340,000
Current use
APARTMENT HOUSE (5+ UNITS)
$129,355,000
Change: +157% · Conversion: Difficult
COMMERCIAL (GENERAL)
$62,130,000
Change: +23% · Conversion: Difficult
RESTAURANT
$57,490,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$82.07M
Range $73.86M – $90.27M · ±10% · vs last sale $77.25M (Dec 17 2020)
Last sale anchor
$77.25M
Dec 17 2020
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
$912 / 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
$549,325
Tax year 2023
Assessed value
$74,890,900
Assessed 2024
Previous assessed
$75,012,900
-0.2% YoY
Effective rate
0.73%
On assessed value
Assessed land
$20,236,300
Assessed improvement
$54,654,600
Land market value
$20,236,300
Improvement market value
$54,654,600
Total market value
$74,890,900
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2014
Heating
NONE
Cooling
AC.PACKAGE
Buildings
5
Stories
3
Total area
89,950 SF
Lot
7.25 ac (315,766 SF)
Zoning code
MUDDO
APN
17706204
UPID
US53-0149844
Jurisdiction
MECKLENBURG
Zoning & alternative use
MUDDO · Charlotte, NC
Zoning MUDDO · permitted uses
MUDDO · 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
PARKING LOT Current
Est. value
$50.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$129.4M
COMMERCIAL (GENERAL)
Est. value
$62.1M
RESTAURANT
Est. value
$57.5M
PARKING LOT Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
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
2014
Heating
NONE
Cooling
Yes
Stories
3
Buildings
5
Lot
7.25 ac
Current owner
From public records · entity-resolved
Lavie Acquisition LLC
Entity
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2025
—
Lavie Acquisition LLC
—
Deed
related
$972,000,000 · Wells Fargo Bank NA
Dec 17, 2020
$772,500
Lavie Acquisition LLC
5725 Camegie Boulevard Apartments L
Special Warranty Deed
$750,000 · Federal Home Loan Mortgage Corporat
Dec 31, 2015
$75,400,000
5725 Carnegie Boulevard Apartm
Crescent South Park Venture I
Grant Deed
—
Oct 16, 2008
—
Gina L Herald
Herald,gina L
Quit Claim Deed
related
$250,000 · Franklin American Mortgage Co
Feb 19, 2007
$328,000
Kelly M White
Piedmont Row Dev LLC
Grant Deed
$261,600 · Credit Suisse Financial Corp
Dec 28, 2006
$350,000
Anthony R Monaco
Piedmont Row Dev LLC
Grant Deed
$279,612 · Mortgage Co INC
Sep 15, 2006
$216,000
Joseph R Ziolo
Piedmont Row Dev LLC
Grant Deed
$192,600 · J P Morgan Chase Bank
Jul 26, 2006
$249,000
Kent J Olson
Piedmont Row Dev LLC
Grant Deed
$186,750 · American Mortgage Network INC
Jun 22, 2006
$215,000
Ben York JR.
Piedmont Row Dev LLC
Grant Deed
$171,200 · Residential Mortgage Center
Jun 22, 2006
$448,500
Tommy L Nasekos
Piedmont Row Dev LLC
Grant Deed
$358,600 · Homebanc Mortgage Corp
—
—
Fred Whitfield
—
Deed Of Trust
related
$495,000 · Bank Of America
—
—
Mary V Crowder
—
Deed Of Trust
related
$58,575 · Wachovia Bank NA
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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