New search
Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Medical Office Space
5831 Phyliss Ln, Mint Hill, NC 28227-9031
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US53-2359184
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2010
Total area
4,532 SF
Lot
0.29 ac (12,713 SF)
Zoning code
O-A DO-B(CD)
APN
19518252
UPID
US53-2359184
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$970k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$785k
Owner & transaction history
Mint Hill Property Holdings LLC · 16 yrs held
Mint Hill Property Holdings LLC
since 2010
3 recorded transactions
Zoning & alternative use
O-A DO-B(CD) · Mint Hill, 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 Mint Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mint Hill 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%
$1,050,000
6.5%
$970,000
7%
$900,000
Blend value · Realmo final
$785k
Range $707k – $864k · ±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
$173 / 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
$8,243
Tax year 2023
Assessed value
$1,180,800
Assessed 2024
Previous assessed
$1,185,800
-0.4% YoY
Effective rate
0.70%
On assessed value
Assessed land
$325,500
Assessed improvement
$855,300
Land market value
$325,500
Improvement market value
$855,300
Total market value
$1,180,800
Applied tax rate
17.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2010
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
4,532 SF
Lot
0.29 ac (12,713 SF)
Zoning code
O-A DO-B(CD)
APN
19518252
UPID
US53-2359184
Jurisdiction
MECKLENBURG
Zoning & alternative use
O-A DO-B(CD) · Mint Hill, NC
Zoning O-A DO-B(CD) · permitted uses
O-A DO-B(CD) · Mint Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mint Hill. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2010
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Mint Hill Property Holdings LLC
Entity
Mailing address
5831 PHYLISS LN, MINT HILL, NC 28227-9031
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2010
—
Mint Hill Property Holdings LLC
Wesley L Robinson
Warranty Deed
$660,000 · First Citizens Bank & Trust Co
May 28, 2008
$230,000
Wesley L Robinson
Sullivan & Roupas LLC
Grant Deed
$195,500 · First Citizens Bank & Trust Co
—
—
Mint Hill Prop Holdings LLC
—
Deed Of Trust
related
$534,000 · Centralina Development Corp
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5831 Phyliss Ln?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
