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Property profile & analytics
OFF-MARKET
Estimated value
$1,990,000
Parking lots & garages
Charlotte, NC 28208
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-2558390
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1926
Total area
296,219 SF
Lot
8.57 ac (373,309 SF)
Zoning code
I2
APN
7111417
UPID
US53-2558390
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
$1.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.99M
Owner & transaction history
Savona Mill Office Nc LLC · 4 yrs held
Savona Mill Office Nc LLC
since 2022
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
I2 · 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
Method
Estimation
Statistic approach
$2,060,000
ML approach
$1,900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.99M
Range $1.79M – $2.19M · ±10% · vs last sale $2.00M (Feb 17 2022)
Last sale anchor
$2.00M
Feb 17 2022
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
$7 / 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
$96,383
Tax year 2023
Assessed value
$13,140,200
Assessed 2024
Previous assessed
$11,313,100
+16.2% YoY
Effective rate
0.73%
On assessed value
Assessed land
$4,995,600
Assessed improvement
$8,144,600
Land market value
$4,995,600
Improvement market value
$8,144,600
Total market value
$13,140,200
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1926
Heating
YES
Buildings
3
Stories
2
Total area
296,219 SF
Lot
8.57 ac (373,309 SF)
Zoning code
I2
APN
7111417
UPID
US53-2558390
Jurisdiction
MECKLENBURG
Zoning & alternative use
I2 · Charlotte, NC
Zoning I2 · permitted uses
I2 · 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
1926
Heating
YES
Stories
2
Buildings
3
Lot
8.57 ac
Current owner
From public records · entity-resolved
Savona Mill Office Nc LLC
Entity
Mailing address
303 PEACHTREE CTR AVE NE, ATLANTA, GA 30303-1216
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2022
$2,000,000
Savona Mill Office Nc LLC
Savona Real Project LLC
Special Warranty Deed
$798,929 · Synovus Bank
Dec 15, 2020
$3,500,000
Savona Resi Project LLC
Savona LLC
Grant Deed
—
Dec 15, 2020
—
Savona Resi Project LLC
Savona LLC
Quit Claim Deed
related
—
May 16, 2019
—
Savona LLC
—
Grant Deed
related
$6,805,353 · Savona Lender LLC
Jul 20, 2017
$1,975,000
Savona II LLC
Caraustar Mill Group INC
Grant Deed
—
Jul 20, 2017
—
Savona II LLC
Caraustar Mill Group INC
Quit Claim Deed
related
—
Apr 19, 2012
$375,000
Savona LLC
New Impact Construction Corp
Warranty Deed
—
Nov 28, 2005
$432,500
New Impact Construction Corp
Caraustar Mill Group INC
Grant Deed
—
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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