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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Day care centers
5950 The Plz, Charlotte, NC 28215-2452
Entity Owned
~
Est. High Equity
Property ID
US53-1448755
Property summary
AI-generated overview
Exceptional opportunity to acquire a thriving, turnkey daycare center in Charlotte, North Carolina. Located at 5950 The Plaza, this 2,389 square foot facility sits on a 0.37-acre lot in a high-traffic area of East Charlotte, zoned R-4. Completely renovated in 2023, the property features four rooms, one office, and a large playground, currently licensed for 38 children (first and second shifts), with 10 children currently enrolled. The business and real estate are offered together for $625,000. This presents a unique investment opportunity for an owner-user seeking to expand an existing childcare business or for an entrepreneur looking to enter the market. The property's single-story design and ample space provide flexibility for growth. A new owner could potentially apply for a third shift license. The property's prime location ensures high visibility and accessibility for parents. This is a rare opportunity to acquire a well-established and profitable daycare center in a desirable location. Serious inquiries only
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1955
Total area
1,764 SF
Lot
0.37 ac (16,147 SF)
Zoning code
R-4
APN
9910308
UPID
US53-1448755
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
-
Learning First Academy Daycare Center
-
Tomorrow's Leaders Child Development Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$540k
Owner & transaction history
Prime Time Property Management Nc L
Prime Time Property Management Nc L
since 2026
Last sale
$570,000
7 recorded transactions
Zoning & alternative use
R-4 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$710,000
+92.2%
Office building
$640,000
+72.6%
Retail stores
$570,000
+54.5%
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
$515,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$370,000
Current use
MEDICAL BUILDING
$710,000
Change: +92% · Conversion: Difficult
OFFICE BUILDING
$640,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$570,000
Change: +54% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$525,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$460,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $570k (Feb 4 2026)
Last sale anchor
$570k
Feb 4 2026
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
$306 / 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
$1,631
Tax year 2023
Assessed value
$222,400
Assessed 2024
Previous assessed
$222,400
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$72,000
Assessed improvement
$150,400
Land market value
$72,000
Improvement market value
$150,400
Total market value
$222,400
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1955
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Rooms
6
Total area
1,764 SF
Lot
0.37 ac (16,147 SF)
Zoning code
R-4
APN
9910308
UPID
US53-1448755
Jurisdiction
MECKLENBURG
Zoning & alternative use
R-4 · Charlotte, NC
Zoning R-4 · permitted uses
R-4 · 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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$370,000
MEDICAL BUILDING
Est. value
$710,000
OFFICE BUILDING
Est. value
$640,000
RETAIL STORES
Est. value
$570,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$525,000
AUTO REPAIR, GARAGE
Est. value
$460,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1955
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
6
Lot
0.37 ac
Current owner
From public records · entity-resolved
Prime Time Property Management Nc L
Entity
Mailing address
1701 PAINTED HORSE DR, INDIAN TRAIL, NC 28079-5798
Ownership since
2026
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
Feb 4, 2026
$570,000
Prime Time Property Management Nc L
J & M Partners Properties LLC
Special Warranty Deed
$427,000 · South State Bank National Associati
Jan 30, 2026
—
J & M Partners Properties LLC
J & M Partners Properties LLC
Deed
related
—
Sep 29, 2023
$480,000
J&m Partners Properties LLC
Queen Business LLC
Warranty Deed
$408,000 · First National Bank Of Pennsylvania
Sep 25, 2020
$200,000
Queen Business LLC
Fang & INC
Warranty Deed
$298,500 · Poppy Bk
Aug 15, 2018
$170,000
Fang & INC
Camara,alice B & Abdoul R
Warranty Deed
—
Sep 11, 1996
$80,000
Alice B Camara
Camara,alice B
Grant Deed
related
—
Aug 29, 1996
$80,000
Abdoul R Camara
—
Grant Deed
related
$75,000 · Self Help Ventures Fund
Jul 23, 1993
$80,000
Jean S Lennon
Unknown
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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