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Property profile & analytics
FOR LEASE
Office buildings
700 E Morehead St Charlotte, NC 28202
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5796003
For Lease
1 / 3
$12,000,000
700 E Morehead St, Charlotte, NC 28202
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Total area
81,882 SF
Lot
0.47 ac (20,689 SF)
Zoning code
MUDDCD
APN
12305413
UPID
US53-5796003
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
-
Charlotte Radiology Administrative Offices Physician Medical Clinic
-
Jessica M Belk, PA Physician Medical Clinic
-
Press Ganey Associates - Charlotte Business Management Consultant
-
Harris Development Group LLC Real Estate Agency
-
Taylor Maxwell Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.00M
Blend (final)
Blend
$12.00M
Owner & transaction history
700 Morehead Owner LP · 1 yrs held
700 Morehead Owner LP
since 2024
Last sale
$12.0M
7 recorded transactions
Zoning & alternative use
MUDDCD · 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
$12,000,000
ML approach
$12,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.00M
Range $10.80M – $13.20M · ±10% · vs last sale $12.00M (Aug 21 2024)
Last sale anchor
$12.00M
Aug 21 2024
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
$147 / 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
$98,311
Tax year 2023
Assessed value
$13,403,000
Assessed 2024
Previous assessed
$13,403,000
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$3,523,700
Assessed improvement
$9,879,300
Land market value
$3,523,700
Improvement market value
$9,879,300
Total market value
$13,403,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2009
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
3
Rooms
5
Total area
81,882 SF
Lot
0.47 ac (20,689 SF)
Zoning code
MUDDCD
APN
12305413
UPID
US53-5796003
Jurisdiction
MECKLENBURG
Zoning & alternative use
MUDDCD · Charlotte, NC
Zoning MUDDCD · permitted uses
MUDDCD · 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
2009
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Rooms
5
Lot
0.47 ac
Current owner
From public records · entity-resolved
700 Morehead Owner LP
Entity
Mailing address
6101 CARNEGIE BLVD STE #455, CHARLOTTE, NC 28209-4650
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Aug 21, 2024
—
700 Morehead Owner LP
Charlotte Radiology Capital Partner
Special Warranty Deed
$10,810,000 · Rra Real Estate Debt Fund III Sbla
Aug 21, 2024
$12,000,000
700 Morehead Owner LP
Charlotte Radiology Capital Partner
Special Warranty Deed
—
Dec 30, 2020
$6,100,000
Charlotte Radiology Cap Ptrs L
7 Em LLC
Grant Deed
—
Sep 29, 2017
$3,483,500
Charlotte Radiology Capital Partner
7 Em LLC
Special Warranty Deed
—
Dec 30, 2014
—
Morehead Beachfront LLC|morehead Lkn LLC
7 Em LLC
Grant Deed
—
Jan 16, 2007
$1,250,000
Hmvhn Morehead LLC
Clark,mitchell G & Joanne D
Grant Deed
$1,071,000 · Rbc Centura Bank
—
—
7 Em LLC
—
Deed Of Trust
related
$1,041,622 · Donald J Sherrill
—
—
7 Em LLC
—
Deed Of Trust
related
$9,000,000 · Ncbt
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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