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Property profile & analytics
OFF-MARKET
Commercial land
Whitewater Ctr Pkwy Charlotte, NC 28214
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US53-3686711
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
14.36 ac (625,347 SF)
Zoning code
MX-3(INNOV)
APN
5328102
UPID
US53-3686711
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
-
Lake Loop Trailhead Hiking Area Dog Park
-
USNWC South Main Trailhead Hiking Area
-
Climbing Center Gym & Fitness Center
-
River Jam Stage Music Venue Bar & Pub
-
Ridge Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Us Natl Whitewater Center INC · 10 yrs held
Us Natl Whitewater Center INC
since 2015
3 recorded transactions
Zoning & alternative use
MX-3(INNOV) · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Mixed Use Districts are hereby established in order to accommodate the development of planned communities that may incorporate a full range of housing types and, in some instances, compatible nonresidential uses that provide goods, services, and employment primarily to serve the residents of the planned community
Zone name
Mixed Use Innovative District
General category
MIXED_USE
Zone area
606.45 ac
Source
Realmo
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
—
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
Assessed value
$1,144,500
Assessed 2024
Assessed land
$1,144,500
Land market value
$1,144,500
Total market value
$1,144,500
Applied tax rate
14.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
14.36 ac (625,347 SF)
Zoning code
MX-3(INNOV)
APN
5328102
UPID
US53-3686711
Jurisdiction
MECKLENBURG
Zoning & alternative use
MX-3(INNOV) · Charlotte, NCZoning MX-3(INNOV) · permitted uses
MX-3(INNOV) · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Mixed Use Districts are hereby established in order to accommodate the development of planned communities that may incorporate a full range of housing types and, in some instances, compatible nonresidential uses that provide goods, services, and employment primarily to serve the residents of the planned community
Zone name
Mixed Use Innovative District
General category
MIXED_USE
Zone area
606.45 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
14.36 ac
Current owner
From public records · entity-resolved
Us Natl Whitewater Center INC
Entity
Mailing address
5000 WHITEWATER CTR PKWY, CHARLOTTE, NC 28214-8543
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2015
$5,286,000
Us Natl Whitewater Center INC
Clariant Corp
Grant Deed
$4,074,836 · Private Individual
Nov 25, 2009
—
Crosland Whitewater LLC
Clariant Corp
Grant Deed
related
—
Dec 22, 2005
$2,435,000
Crosland Whitewater LLC
Clariant Corp
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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