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Property profile & analytics
OFF-MARKET
Parking lots & garages
601 College St, Charlotte, NC 28202-1829
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1296353
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2001
Total area
48,834 SF
Lot
1.13 ac (49,223 SF)
Zoning code
UMUDO
APN
12512510
UPID
US53-1296353
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
-
The Westin Charlotte Hotel & Motel
-
FedEx Office Print & Ship Center Courier Service Postal Service
-
Rush My Passport Travel Agency
-
PSAV Rental Equipment Company Tech Support Center
-
JP Charlotte at Westin Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
City Of Charlotte · 8 yrs held
City Of Charlotte
since 2018
4 recorded transactions
Zoning & alternative use
UMUDO · 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
—
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
$13,882
Tax year 2023
Assessed value
$1,892,500
Assessed 2024
Previous assessed
$1,892,500
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed improvement
$1,892,500
Improvement market value
$1,892,500
Total market value
$1,892,500
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
2001
Heating
NONE
Stories
3
Total area
48,834 SF
Lot
1.13 ac (49,223 SF)
Zoning code
UMUDO
APN
12512510
UPID
US53-1296353
Jurisdiction
MECKLENBURG
Zoning & alternative use
UMUDO · Charlotte, NC
Zoning UMUDO · permitted uses
UMUDO · 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
2001
Heating
NONE
Stories
3
Lot
1.13 ac
Current owner
From public records · entity-resolved
City Of Charlotte
Entity
Free & Clear · 8 yrs held
Mailing address
600 E 4TH ST, CHARLOTTE, NC 28202-2816
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2018
—
City Of Charlotte
Starport Hotel I LLC
Quit Claim Deed
related
—
Oct 13, 2017
—
Starport Hotel I LLC
—
Grant Deed
related
$270,000,000 · Tpg Re Fin 11 Ltd
Dec 21, 2004
—
Starport Hotel I LLC
Starport I LLC
Quit Claim Deed
related
$69,000,000 · * Other Institutional Lenders
Jan 28, 2004
$16,000,000
City Of Charlotte
Starport I LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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