Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Charlotte, NC 28227
    Back to Search
    Property profile & analytics

    , Charlotte, NC 28227

    View on Map
    • Assisted living facilities
    • 3.08 lot acres
    Off-Market
    Property ID
    US53-4953961
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Assisted living facilities

    Property Details

    Lot size
    3.08 lot acres
    Zone code
    O-A(CD)
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    13541747
    APU
    13541747

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 27, 2022 — Greybridge Partners LLC Carillon Assisted Living Of Mint Hi Contract Sale —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.6921
    Latitude
    35.1829
    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
    $5,725
    $820,100
    $0.00
    $820,100
    -
    $820,100
    $0.00
    $820,100

    Comparable in this City

    • Value Estimation
      $1,490,000
      34,114 SF

      Margaret Wallace Rd

      HOMES (RETIRED, NURSING)
      Margaret Wallace Rd, Charlotte, NC 28227
      View Details
    • Value Estimation
      $1,560,000
      54,051 SF

      11950 Howell Ctr Dr

      HOMES (RETIRED, NURSING)
      11950 Howell Ctr Dr, Charlotte, NC 28227-6986
      View Details
    • Value Estimation
      $760,000
      33,211 SF

      10830 Lawyers Rd

      HOMES (RETIRED, NURSING)
      10830 Lawyers Rd, Mint Hill, NC 28227
      View Details
    • Value Estimation by Request
      5,473 SF

      14009 Thompson Rd

      HOMES (RETIRED, NURSING)
      14009 Thompson Rd, Mint Hill, NC 28227-1516
      View Details
    • Value Estimation by Request
      2,904 SF

      2524 Shelburne Pl

      HOMES (RETIRED, NURSING)
      2524 Shelburne Pl, Mint Hill, NC 28227-9554
      View Details
    • Value Estimation
      $2,200,000
      62,619 SF

      10506 Clear Crk Commerce Dr

      HOMES (RETIRED, NURSING)
      10506 Clear Crk Commerce Dr, Mint Hill, NC 28227-7078
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      New Office Building on Albemarle

      New office building with road frontage on Albemarle Road.
      10525 Albemarle Rd, Charlotte, NC 28227
      View Details
    • Contact for pricing

      52.54 Acres Industrial Land Parcel

      Large land parcel suitable for industrial use.
      15131 Albemarle Rd, Charlotte, NC 28227
      View Details
    • Contact for pricing

      177-Acre Master Planned Business Park

      177-acre business park with GI zoning and outdoor storage.
      10701 Blair Rd, Mint Hill, NC 28227
      View Details
    • $689,000
      3,999 SF

      Mint Hill Live-Work Opportunity

      Rare opportunity: residential living with flexible use capability in Mint Hill.
      4514 Wilgrove Mint Hill Rd, Mint Hill, NC 28227
      View Details
    • $890,000
      3.12 Acres

      Commercial Land on Albemarle Road

      3.12-acre commercial land parcel in East Charlotte.
      8705 Albemarle Rd, Charlotte, NC 28227
      View Details
    • $75,000
      0.60 Acres

      Cleared Residential Lot Near Mint

      Cleared 0.60 acre residential lot near Mint Hill area.
      15407 Romford Pl, Charlotte, NC 28227
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mint Hill Warehouse Space

      Warehouse/distribution space available in Mint Hill, North Carolina.
      10650 Blair Rd, Mint Hill, NC 28227
      View Details
    • $2,810 /Mo
      8,712 SF

      Mint Hill Office Space Available

      Office space with reception, offices, conference room, and kitchen.
      4700 Lebanon Rd, Mint Hill, NC 28227
      View Details
    • Contact for pricing

      Prime Land in Mint Hill

      High-growth location with considerable potential in a thriving area.
      11325 Blair Rd, Mint Hill, NC 28227
      View Details
    • Contact for pricing
      29,807 SF

      Charlotte Office Sublease Opportunity

      1,376 SF Move-In Ready Office Space
      7504 Independence Blvd, Charlotte, NC 28227
      View Details
    • Contact for pricing

      Former Harris Teeter Anchor Space

      Anchor space in Southeast Charlotte with high visibility.
      5706 Wyalong Dr, Charlotte, NC 28227
      View Details
    • Contact for pricing
      2,400 SF

      Mint Hill Retail Space Available

      Retail space for lease in premium Mint Hill location.
      6904-6914 Matthews-Mint Hl Rd, Mint Hill, NC 28227
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Charlotte, NC 28227
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Charlotte, NC, 28227
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!