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Property profile & analytics
OFF-MARKET
Estimated value
$9,240,000
Medical Office Space
Charlotte, NC 28205
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-3642924
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2021
Total area
20,702 SF
Lot
1.88 ac (81,936 SF)
Zoning code
R-4
APN
13101103
UPID
US53-3642924
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.25M
Blend (final)
Blend
$9.24M
Owner & transaction history
Eastway Dre Holdings LLC · 5 yrs held
Eastway Dre Holdings LLC
since 2020
Last sale
$9.0M
7 recorded transactions
Zoning & alternative use
R-4 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.3M
+71.4%
Restaurant
$13.2M
+58.6%
Apartment house (5+ units)
$10.0M
+19.2%
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
$10,465,000
ML approach
$10,420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,345,000
Current use
COMMERCIAL (GENERAL)
$14,300,000
Change: +71% · Conversion: Easy
RESTAURANT
$13,230,000
Change: +59% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,950,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$9.24M
Range $8.32M – $10.16M · ±10% · vs last sale $9.04M (Nov 25 2020)
Last sale anchor
$9.04M
Nov 25 2020
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
$446 / 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
$37,512
Tax year 2023
Assessed value
$5,114,100
Assessed 2024
Previous assessed
$5,750,200
-11.1% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,066,900
Assessed improvement
$4,047,200
Land market value
$1,066,900
Improvement market value
$4,047,200
Total market value
$5,114,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2021
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
20,702 SF
Lot
1.88 ac (81,936 SF)
Zoning code
R-4
APN
13101103
UPID
US53-3642924
Jurisdiction
MECKLENBURG
Zoning & alternative use
R-4 · Charlotte, NC
Zoning R-4 · permitted uses
R-4 · 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
MEDICAL BUILDING Current
Est. value
$8.3M
COMMERCIAL (GENERAL)
Est. value
$14.3M
RESTAURANT
Est. value
$13.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.0M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2021
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
1.88 ac
Current owner
From public records · entity-resolved
Eastway Dre Holdings LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3158 FREEDOM DR STE #3102, CHARLOTTE, NC 28208-0014
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2020
$850,000
Eastway Dre Holdings LLC
Morris Inv Corp
Grant Deed
—
Nov 25, 2020
—
Eastway Dre Holdings LLC
Morris Inv
Grant Deed
—
Mar 3, 2016
—
Leila N Erwin
Newell,s W
Quit Claim Deed
related
—
Feb 12, 2013
—
Leila N Erwin
Newell C Morris Trust
Grant Deed
related
—
Mar 23, 2010
—
Newton Susan A Trust
Newton William N Trust
Quit Claim Deed
related
—
Feb 26, 2010
—
Morris Investment Co
Morris Investment Co
Quit Claim Deed
related
—
Jun 4, 2008
—
Newell C Morris Qtip Trust
Newell,c Morris
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.
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