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Property profile & analytics
OFF-MARKET
Estimated value
$8,215,000
Office buildings
8501 Tower Pt Dr, Charlotte, NC 28227-7849
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-0486583
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
28,578 SF
Lot
2.54 ac (110,773 SF)
Zoning code
I-1
APN
19337198
UPID
US53-0486583
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
-
Certified Head Turner Hair Salon
-
Learning Curves Driving School Training Center Vocational School
-
Allure Spa Esthetics LLC Hair Salon Nail Salon
-
PEDICURE PRO LLC Nail Salon
-
PREMPOS, Inc. (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.23M
Comparable Approach
Comparable
$8.25M
Blend (final)
Blend
$8.22M
Owner & transaction history
8501 Tower Point LLC · 5 yrs held
8501 Tower Point LLC
since 2020
3 recorded transactions
Zoning & alternative use
I-1 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$11.5M
+28.2%
Retail stores
$9.3M
+3.0%
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%
$8,910,000
6.5%
$8,225,000
7%
$7,635,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,985,000
Current use
MEDICAL BUILDING
$11,520,000
Change: +28% · Conversion: Easy
RETAIL STORES
$9,255,000
Change: +3% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$8,545,000
Change: -5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,445,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$8.22M
Range $7.39M – $9.04M · ±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
$287 / 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
$31,352
Tax year 2023
Assessed value
$4,274,300
Assessed 2024
Previous assessed
$4,318,600
-1.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,905,400
Assessed improvement
$2,368,900
Land market value
$1,905,400
Improvement market value
$2,368,900
Total market value
$4,274,300
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
1987
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Rooms
24
Total area
28,578 SF
Lot
2.54 ac (110,773 SF)
Zoning code
I-1
APN
19337198
UPID
US53-0486583
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-1 · Charlotte, NC
Zoning I-1 · permitted uses
I-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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$9.0M
MEDICAL BUILDING
Est. value
$11.5M
RETAIL STORES
Est. value
$9.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.5M
AUTO REPAIR, GARAGE
Est. value
$7.4M
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
1987
Heating
YES
Cooling
Yes
Stories
2
Rooms
24
Lot
2.54 ac
Current owner
From public records · entity-resolved
8501 Tower Point LLC
Entity
Mailing address
4614 WILGROVE MINT HL RD, MINT HILL, NC 28227-3500
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2020
—
8501 Tower Point LLC
Souder Properties INC
Warranty Deed
$1,061,391 · Charlotte Metro FCU
Nov 23, 2016
$1,500,000
Souder Properties INC
Tower Point LLC
Warranty Deed
$1,200,000 · Farmers & Merchants Nat'l Bk
Jul 16, 1997
—
Mallard Creek Properties
—
Deed Of Trust
related
$600,000 · First Commerce Bank
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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