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Property profile & analytics
OFF-MARKET
Estimated value
$23,120,000
Office buildings
8510 Mcalpine Park Dr Charlotte, NC 28211-6000
Entity Owned
Free & Clear
Property ID
US53-0959735
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Total area
109,368 SF
Lot
8.27 ac (360,328 SF)
Zoning code
O1CD
APN
18929357
UPID
US53-0959735
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
-
FCS Networks Marketing & Advertising
-
Fitness 4 Focus, Charlotte, NC Gym & Fitness Center
-
KOCAJ CONSULTING Tax Preparation
-
Missionary Athletes International Gym & Fitness Center Sports Field & Court
-
Charlotte Eagles Soccer Club Sports School Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$27.72M
Comparable Approach
Comparable
$21.62M
Blend (final)
Blend
$23.12M
Owner & transaction history
Whitlock Builders INC
Whitlock Builders INC
since 2025
6 recorded transactions
Zoning & alternative use
O1CD · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$35.4M
+20.0%
Neighborhood: shopping center
$32.7M
+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%
$30,030,000
6.5%
$27,720,000
7%
$25,740,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$29,525,000
Current use
RETAIL STORES
$35,425,000
Change: +20% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$32,695,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$28,500,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$23.12M
Range $20.81M – $25.43M · ±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
$211 / 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
$116,670
Tax year 2023
Assessed value
$15,905,900
Assessed 2024
Previous assessed
$16,023,800
-0.7% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,240,500
Assessed improvement
$13,665,400
Land market value
$2,240,500
Improvement market value
$13,665,400
Total market value
$15,905,900
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
1990
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Units
1
Rooms
1
Total area
109,368 SF
Lot
8.27 ac (360,328 SF)
Zoning code
O1CD
APN
18929357
UPID
US53-0959735
Jurisdiction
MECKLENBURG
Zoning & alternative use
O1CD · Charlotte, NC
Zoning O1CD · permitted uses
O1CD · 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
$29.5M
RETAIL STORES
Est. value
$35.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$32.7M
AUTO REPAIR, GARAGE
Est. value
$28.5M
OFFICE BUILDING Current
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
1990
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
1
Rooms
1
Lot
8.27 ac
Current owner
From public records · entity-resolved
Whitlock Builders INC
Entity
Free & Clear · 0 yrs held
Mailing address
8514 MCALPINE PARK DR STE #190, CHARLOTTE, NC 28211-5204
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2025
—
Whitlock Builders INC
The Mcalpines LLC
Deed
—
Sep 28, 2017
—
8510-8514 Mcalpine LLC
—
Deed
related
$3,400,000 · Capital Bk
Oct 20, 2014
—
8510-8514 Mcalpine LLC
—
Loan Modification
related
$1,949,999 · Wells Fargo Bk
Feb 4, 1997
—
Five Ten-eighty Fiv Eighty
Eighty,five Ten-
Quit Claim Deed
related
—
—
—
8510-8514 Mcalpine LLC
—
Deed Of Trust
related
$5,779,000 · Wachovia Bk/nc
—
—
8510-8514 Mcalpine LLC
—
Deed Of Trust
related
$3,400,000 · Capital Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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