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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Parking lots & garages
6908 Phillips Pl Ct Charlotte, NC 28210-2714
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1131211
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1996
Total area
66,976 SF
Lot
4.99 ac (217,364 SF)
Zoning code
CC
APN
18314117
UPID
US53-1131211
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
-
Modern Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$915k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$825k
Blend (final)
Blend
$870k
Owner & transaction history
Phillips Place Owner II LLC · 4 yrs held
Phillips Place Owner II LLC
since 2022
7 recorded transactions
Zoning & alternative use
CC · 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
by Request
ML approach
$915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$870k
Range $783k – $957k · ±10%
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
$13 / 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
$142,192
Tax year 2023
Assessed value
$19,385,400
Assessed 2024
Previous assessed
$21,997,200
-11.9% YoY
Effective rate
0.73%
On assessed value
Assessed land
$15,935,800
Assessed improvement
$3,449,600
Land market value
$15,935,800
Improvement market value
$3,449,600
Total market value
$19,385,400
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1996
Heating
STEAM
Cooling
CENTRAL
Buildings
3
Stories
1
Units
1
Total area
66,976 SF
Lot
4.99 ac (217,364 SF)
Zoning code
CC
APN
18314117
UPID
US53-1131211
Jurisdiction
MECKLENBURG
Zoning & alternative use
CC · Charlotte, NC
Zoning CC · permitted uses
CC · 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
1996
Heating
STEAM
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
4.99 ac
Current owner
From public records · entity-resolved
Phillips Place Owner II LLC
Entity
Mailing address
4725 PIEDMONT ROW DR STE #800, CHARLOTTE, NC 28210-4284
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
Feb 10, 2022
—
Phillips Place Owner II LLC
Phillips Place Owner LLC
Intrafamily Transfer
related
$65,000,000 · Townebank
Mar 8, 2019
—
Phillips Place Owner LLC
Phillips Place Partners LLC
Quit Claim Deed
$69,827,103 · Annaly Cre LLC
Jan 3, 2013
—
Phillips Place Partners LLC
—
Deed Of Trust
related
$44,500,000 · Us Bk NA Series 2006-c25 (ce)
Jun 6, 2006
—
Phillips Place LLC
—
Deed Of Trust
related
$10,000,000 · Cit Lending Services Corp
Feb 7, 1996
$2,073,000
Phillips Place Partners Ll
Phillips,place P
Grant Deed
related
—
—
—
Phillips Place Partners LLC
—
Deed Of Trust
related
$40,000,000 · Pnc Bk
—
—
Phillips Place Partners LLC
—
Deed Of Trust
related
—
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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