12-Unit Apartment
For Sale
$2,250,000
325 Hall Lane, Pineville, NC 28134
The community is fully occupied and includes both one- and two-bedroom apartments.
Property Size9,024 SF
Price / SF$249.34
Days on Market8
Property Features for 325 Hall Lane
General Information
Standard status
Active
Size
9,024 SF
Property subtype
Residential Income
Occupancy
100%
Site & Location
Neighborhood
Falcon Bridge
Units
Unit Mix
4 x 2BR, 8 x 1BR
Multifamily Units
12
Additional Details
Tenant in Place
Yes
Building Details
Building Size
9,024 SF
Year Built
1972
Units
12
Listing Agency:
Horizon Realty Carolinas
Listed By:
Ronny Chakra
(704) 616-2487
Source:
Geoffcampbell
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 26 at 4:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Horizon Realty Carolinas
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9,024-square-foot apartment property contains 12 units: eight one-bedroom apartments and four two-bedroom apartments. Built in 1972, the community is 100% occupied. Rents have been increased on six units.
Key Highlights
- 100% occupied
- 12 apartments: 8 one‑bedroom units and 4 two‑bedroom units
- 9,024 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,649
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,352,980
$1.4M
Cap Rate 7%
$966,414
$966.4K
Cap Rate 9%
$751,656
$751.7K
Market Conditions
NOI Build-Up for 9,024 SF
Gross rent
$134.3K $14.88/SF
− Vacancy
−$11.3K −$1.25/SF
EGI
$123.0K $13.63/SF
− OpEx
−$55.3K −$6.13/SF
NOI
$67.6K $7.50/SF
Area
Mecklenburg County, NC
Vacancy
8.40%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,352,980
Cap Rate 7%
$966,414
Cap Rate 9%
$751,656
Alternative Uses
Best Use
Apartment 5plus
$966.4K
$845.6K – $1.13M
NOI $67,649 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.92M
$2.55M – $3.40M
NOI $204,113 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
12
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
Explore this area
Business Placement
Demographics for 28134, NC
12,411
Population
5,299
Households
2.3
Avg Household Size
37
Median Age
45%
College-Educated
93%
High-School Grad
8.3 sq mi
ZIP Area
1,495
Density / Sq Mi
$82,947
Median Household Income
$45,076
Median Earnings
$1,694
Median Rent
$336,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The community is fully occupied and includes both one- and two-bedroom apartments.
Where is this apartment building located?
The property is located at 325 Hall Lane Pineville, NC.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 100% occupied; 12 apartments: 8 one‑bedroom units and 4 two‑bedroom units; 9,024 square feet
