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Property profile & analytics
OFF-MARKET
Estimated value
$8,775,000
Medical Office Space
6646 Regal Oaks Dr, Charlotte, NC 28212-8256
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-3459604
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2016
Total area
11,195 SF
Lot
2.91 ac (126,803 SF)
Zoning code
R-17MF
APN
13323104
UPID
US53-3459604
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
-
Laura Reevey Physician
-
Angela Lamkin Physician
-
Dr. Joel Bruce Physician Medical Clinic
-
GREGORY J MERTEN Physician Medical Clinic
-
Fresenius Kidney Care Regal Oaks Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.95M
Blend (final)
Blend
$8.78M
Owner & transaction history
Massmutuat Asset Finance LLC · 4 yrs held
Massmutuat Asset Finance LLC
since 2022
Last sale
$8.6M
7 recorded transactions
Zoning & alternative use
R-17MF · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.7M
+71.4%
Restaurant
$7.2M
+58.6%
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
$8,875,000
ML approach
$9,005,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,735,000
Change: +71% · Conversion: Easy
RESTAURANT
$7,155,000
Change: +59% · Conversion: Difficult
Blend value · Realmo final
$8.78M
Range $7.90M – $9.65M · ±10% · vs last sale $8.61M (May 2 2022)
Last sale anchor
$8.61M
May 2 2022
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
$784 / 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
$36,072
Tax year 2023
Assessed value
$4,917,800
Assessed 2024
Previous assessed
$4,969,600
-1.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,832,900
Assessed improvement
$3,084,900
Land market value
$1,832,900
Improvement market value
$3,084,900
Total market value
$4,917,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2016
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
11,195 SF
Lot
2.91 ac (126,803 SF)
Zoning code
R-17MF
APN
13323104
UPID
US53-3459604
Jurisdiction
MECKLENBURG
Zoning & alternative use
R-17MF · Charlotte, NC
Zoning 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
Charlotte. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$7.7M
RESTAURANT
Est. value
$7.2M
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
2016
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.91 ac
Current owner
From public records · entity-resolved
Massmutuat Asset Finance LLC
Entity
Free & Clear · 4 yrs held
Mailing address
14400 METCALF AVE, OVERLAND PARK, KS 66223-2989
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2022
$8,609,000
Massmutuat Asset Finance LLC
Uscofw 6646 Regal Oaks Drive LLC
Foreclosure
related
—
Aug 13, 2021
$7,880,000
Uscofw 6646 Regal Oaks Drive LLC
Regal Oaks Drive I LLC
Special Warranty Deed
$234,000,000 · Allianz Life Ins Co Of North Americ
Nov 21, 2019
$5,866,500
Regal Oaks Drive I LLC
Regal Oaks Dre Holdings LLC
Special Warranty Deed
—
Feb 7, 2017
$4,469,000
Regal Oaks Dre Holdings LLC
Dre Holdings Regal Oaks LLC
Special Warranty Deed
—
Sep 2, 2015
—
Dre Holdings-regal Oaks LLC
Carolina Foods INC
Quit Claim Deed
related
—
Sep 2, 2015
$316,000
Dre Holdings-regal Oaks LLC
Carolina Foods INC
Grant Deed
related
—
—
—
Dre Holdings-regal Oaks LLC
—
Deed Of Trust
related
$3,138,200 · Branch Bk&tr
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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