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Property profile & analytics
OFF-MARKET
Estimated value
$3,305,000
Office buildings
8310 Mcalpine Park Dr, Charlotte, NC 28211-6247
Individually Owned
31-yr Hold
Free & Clear
Property ID
US53-1915332
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Total area
10,250 SF
Lot
12.55 ac (546,634 SF)
Zoning code
O-1(CD)
APN
18924301
UPID
US53-1915332
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
-
Concrete Roses STEM Academy (CRSA) Engineering Consultant
-
vpk programs High School Daycare Center
-
Bethlehem Center Of Charlotte Church Mosque
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.60M
Comparable Approach
Comparable
$3.66M
Blend (final)
Blend
$3.31M
Owner & transaction history
Six Hundred Mcalpin Eighty · 31 yrs held
Six Hundred Mcalpin Eighty
since 1995
1 recorded transaction
Zoning & alternative use
O-1(CD) · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.1M
+49.3%
Retail stores
$3.3M
+20.0%
Neighborhood: shopping center
$3.1M
+10.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,815,000
6.5%
$2,600,000
7%
$2,410,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,765,000
Current use
MEDICAL BUILDING
$4,130,000
Change: +49% · Conversion: Easy
RETAIL STORES
$3,320,000
Change: +20% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,065,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,670,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$3.31M
Range $2.97M – $3.64M · ±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
$322 / 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
$22,414
Tax year 2023
Assessed value
$3,055,800
Assessed 2024
Previous assessed
$3,070,800
-0.5% YoY
Effective rate
0.73%
On assessed value
Assessed land
$3,055,800
Land market value
$3,055,800
Total market value
$3,055,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1997
Heating
YES
Rooms
1
Total area
10,250 SF
Lot
12.55 ac (546,634 SF)
Zoning code
O-1(CD)
APN
18924301
UPID
US53-1915332
Jurisdiction
MECKLENBURG
Zoning & alternative use
O-1(CD) · Charlotte, NC
Zoning O-1(CD) · permitted uses
O-1(CD) · 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
OFFICE BUILDING Current
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$4.1M
RETAIL STORES
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.7M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
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
1997
Heating
YES
Rooms
1
Lot
12.55 ac
Current owner
From public records · entity-resolved
Six Hundred Mcalpin Eighty
Individual
Free & Clear · 31 yrs held
Mailing address
PO BOX 2439, MATTHEWS, NC 28106-2439
Ownership since
1995
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 1995
—
Six Hundred Mcalpin Eighty
Eighty,six Hundr
Quit Claim Deed
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.
Try Rey
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