New search
Property profile & analytics
OFF-MARKET
Estimated value
$10,960,000
Office buildings
6701 Carmel Rd Charlotte, NC 28226-3983
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-5723925
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Total area
139,183 SF
Lot
8.65 ac (376,925 SF)
Zoning code
O-1
APN
22120205
UPID
US53-5723925
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
-
Wells Fargo Home Mortgage Loan Service Bank
-
ThoughtSpan Technology (Bike/Boat/Book/etc) Store Corporate Office
-
Gateway Homes Construction Company General Contractor
-
Accounting & Tax Services of Charlotte Tax Preparation
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.96M
Owner & transaction history
Avalon Carmel LP · 2 yrs held
Avalon Carmel LP
since 2023
Last sale
$11.0M
7 recorded transactions
Zoning & alternative use
O-1 · 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
Method
Estimation
Statistic approach
$12,015,000
ML approach
$9,875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.96M
Range $9.86M – $12.06M · ±10% · vs last sale $10.98M (Dec 12 2023)
Last sale anchor
$10.98M
Dec 12 2023
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
$79 / 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
$169,392
Tax year 2023
Assessed value
$23,093,700
Assessed 2024
Previous assessed
$23,925,800
-3.5% YoY
Effective rate
0.73%
On assessed value
Assessed land
$7,164,400
Assessed improvement
$15,929,300
Land market value
$7,164,400
Improvement market value
$15,929,300
Total market value
$23,093,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1990
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
1
Total area
139,183 SF
Lot
8.65 ac (376,925 SF)
Zoning code
O-1
APN
22120205
UPID
US53-5723925
Jurisdiction
MECKLENBURG
Zoning & alternative use
O-1 · Charlotte, NC
Zoning O-1 · permitted uses
O-1 · 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
1990
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
1
Lot
8.65 ac
Current owner
From public records · entity-resolved
Avalon Carmel LP
Entity
Mailing address
4777 SHARON RD STE #550, CHARLOTTE, NC 28210-0101
Ownership since
2023
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
Dec 12, 2023
—
Avalon Carmel LP
Carmel Crossings LLC
Warranty Deed
—
Dec 12, 2023
$10,980,000
Avalon Carmel LP
Carmel Crossings LLC
Special Warranty Deed
—
Nov 11, 2013
$37,500,000
Carmel Crossings LLC
Pky Fund II Charlotte I LLC
Grant Deed
—
Mar 1, 2011
—
Pky Fund II Charlotte I LLC
—
Deed Of Trust
related
$10,000,000 · New York Life Insurance
Dec 22, 2010
$25,000,000
Pky Fund II Charlotte I LLC
Parkway Atlanta Charlotte Offi
Grant Deed
—
Dec 22, 2010
—
Pky Fund II Charlotte I LLC
Parkway Atlanta Charlotte Offi
Quit Claim Deed
related
—
Dec 14, 2010
$28,000,000
Parkway Atlanta Charlotte Offi
Gott,mark D
Trustees Deed
related
—
Dec 21, 2004
$42,287,500
Rubiconpark I LLC
Parkway Properties
Grant Deed
related
$52,000,000 · Bear Stearns Commercial Mtg
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 6701 Carmel Rd?
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.
