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Property profile & analytics
OFF-MARKET
Estimated value
$27,095,000
Hospitals
8919 Park Rd Charlotte, NC 28210-7610
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-1338886
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1986
Total area
1,053,669 SF
Lot
27.13 ac (1,181,957 SF)
Zoning code
INSTCD
APN
20951134
UPID
US53-1338886
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
-
Southminster Retirement Community
-
Large Retirement Community Nursing Home
-
Mahananda Ullagaddi, PT Physician
-
Lauren M. Reddy, PTA Medical Clinic
-
Kristen Barnette Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$27.10M
Owner & transaction history
Southminster INC · 8 yrs held
Southminster INC
since 2018
1 recorded transaction
Zoning & alternative use
INSTCD · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$26 / 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
$1,931,667
Tax year 2023
Assessed value
$263,349,300
Assessed 2024
Effective rate
0.73%
On assessed value
Assessed land
$13,730,300
Assessed improvement
$249,619,000
Land market value
$13,730,300
Improvement market value
$249,619,000
Total market value
$263,349,300
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1986
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
26
Stories
1
Rooms
95
Total area
1,053,669 SF
Lot
27.13 ac (1,181,957 SF)
Zoning code
INSTCD
APN
20951134
UPID
US53-1338886
Jurisdiction
MECKLENBURG
Zoning & alternative use
INSTCD · Charlotte, NC
Zoning INSTCD · permitted uses
INSTCD · 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
1986
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
26
Rooms
95
Lot
27.13 ac
Current owner
From public records · entity-resolved
Southminster INC
Entity
Mailing address
8919 PARK RD, CHARLOTTE, NC 28210-7610
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Jul 17, 2018
—
Southminster INC
—
Loan Modification
related
$250,000,000 · Bank Of New York Mellon Tr Co
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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