Property profile & analytics
900 Mcdowell St Charlotte, NC 28204-2818
- Office buildings
- 20,058 SF
- 1.25 lot acres
OFF-MARKET
Last Sale
Jun 24, 2024
Jun 24, 2024
Value Estimations
$6,110,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US53-2083743
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Duncan-Parnell / Building Supply / Industrial Manufacturer
- Spot On Graphix / (Bike/Boat/Book/etc) Store / Printing Service
- BuildingPoint Southeast / Building Supply / Industrial Manufacturer
Property Details for 900 Mcdowell St
- Year built
- 1972
- Lot size
- 1.25 lot acres
- Property size
- 20,058 SF
- Zone code
- B-2
- Property type
- Office buildings
- APN
- 12517301
- APU
- 12517301
Description
This exceptional 1.29-acre site at 900 S McDowell St in Charlotte, NC (zip code 28204), presents a unique mixed-use development opportunity. The property, encompassing 1 square foot of building space, is strategically positioned adjacent to The Pearl Innovation District, a burgeoning multi-purpose development project. This prime location offers unparalleled access to a rapidly expanding medical and research hub. Across the street sits the Atrium Wake Forest Baptist Health Medical School, projected to accommodate up to 400 medical students. The Pearl Innovation District itself will house a medical school, research and education facilities, retail spaces, professional offices, and residential units, creating a vibrant and dynamic community. The presence of IRCAD, a French Surgical Institute establishing its US headquarters at The Pearl, is anticipated to attract thousands of medical professionals to Charlotte annually. The Pearl's projected job creation of up to 5,500 positions upon completion further underscores the significant growth potential of this area and the exceptional investment opportunity presented by this 1.29-acre site. This property is ideally suited for a variety of uses, including restaurant, medical office, and apartment building development, given its zoning and proximity to key amenities and infrastructure. The site's location offers excellent visibility and accessibility, making it an attractive proposition for developers seeking to capitalize on the burgeoning growth of Charlotte's medical and innovation sectors.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,505,000
- 6.5%
- $5,085,000
- 7%
- $4,720,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $6,351,000
Market price range: $2.10M - $6.35M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $8,995,000 Current use
- MEDICAL BUILDING
- $8,085,000 Change: -10% Conversion: Easy
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.8438
- Latitude
- 35.2149
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$70,614
$9,491,600
$135,400
$9,627,000
-
$9,491,600
$135,400
$9,627,000
