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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Day care centers
6603 Idlewild Rd Charlotte, NC 28212-0559
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-0960098
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1971
Total area
6,292 SF
Lot
0.89 ac (38,852 SF)
Zoning code
R-17MF
APN
13311113
UPID
US53-0960098
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
-
6603 Idlewild Rd Parking Parking Lot & Garage
-
Idlewild KinderCare Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.18M
Owner & transaction history
Store Master Funding Xvii LLC · 6 yrs held
Store Master Funding Xvii LLC
since 2020
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
R-17MF · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is hereby established to protect and promote the development of a variety of housing types, including apartments, condominiums, and other forms of attached housing
Zone name
Multifamily Residential District
General category
RESIDENTIAL
Zone area
3.98 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$1.9M
+42.6%
Auto repair, garage
$1.6M
+24.3%
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
$1,250,000
ML approach
$1,340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$1,320,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,880,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,640,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±10% · vs last sale $1.08M (Jan 31 2020)
Last sale anchor
$1.08M
Jan 31 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
$188 / 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
$7,782
Tax year 2023
Assessed value
$1,060,900
Assessed 2024
Previous assessed
$1,065,200
-0.4% YoY
Effective rate
0.73%
On assessed value
Assessed land
$576,900
Assessed improvement
$484,000
Land market value
$576,900
Improvement market value
$484,000
Total market value
$1,060,900
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1971
Heating
HEAT PUMP
Cooling
WALL UNIT
Stories
1
Rooms
12
Total area
6,292 SF
Lot
0.89 ac (38,852 SF)
Zoning code
R-17MF
APN
13311113
UPID
US53-0960098
Jurisdiction
MECKLENBURG
Zoning & alternative use
R-17MF · Charlotte, NCZoning R-17MF · permitted uses
R-17MF · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is hereby established to protect and promote the development of a variety of housing types, including apartments, condominiums, and other forms of attached housing
Zone name
Multifamily Residential District
General category
RESIDENTIAL
Zone area
3.98 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.6M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
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
1971
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
12
Lot
0.89 ac
Current owner
From public records · entity-resolved
Store Master Funding Xvii LLC
Entity
Mailing address
8377 E HARTFORD DR STE #100, SCOTTSDALE, AZ 85255-5686
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2020
$1,080,000
Store Master Funding Xvii LLC
Kc Propco LLC
Special Warranty Deed
$1,000,000 · Citibank NA
Jun 20, 2008
—
Kc Propco LLC
Kindercare Learning Centers In
Grant Deed
—
Jul 10, 2003
—
Kindercare Learning Centers
Healthserv Acquisiton LLC
Grant Deed
related
—
Apr 16, 1993
$367,000
Learning Kinder-care
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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