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Property profile & analytics
OFF-MARKET
Estimated value
$12,965,000
Garden apartment buildings
100 Horizon NW Ct Concord, NC 28027-2248
Entity Owned
4-yr Hold
Absentee Owner
Property ID
US53-1814906
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1994
Construction
WOOD
Total area
10,072 SF
Lot
12.03 ac (524,027 SF)
Zoning code
RC
APN
5611 95 9999
UPID
US53-1814906
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
-
Davidson Apartments Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.08M
Blend (final)
Blend
$12.97M
Owner & transaction history
Spectrum Southeast LLC · 4 yrs held
Spectrum Southeast LLC
since 2021
Last sale
$15.4M
4 recorded transactions
Zoning & alternative use
RC · Concord, 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 Concord submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Concord 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
$15,130,000
ML approach
$10,820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.97M
Range $11.67M – $14.26M · ±10% · vs last sale $15.40M (Oct 1 2020)
Last sale anchor
$15.40M
Oct 1 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
$1,287 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$179,073
Tax year 2024
Assessed value
$17,979,200
Assessed 2024
Previous assessed
$7,792,300
+130.7% YoY
Effective rate
1.00%
On assessed value
Assessed land
$597,290
Assessed improvement
$17,381,910
Land market value
$597,290
Improvement market value
$17,381,910
Total market value
$17,979,200
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1994
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
15
Stories
2
Units
10
Bathrooms
4
Total area
10,072 SF
Lot
12.03 ac (524,027 SF)
Zoning code
RC
APN
5611 95 9999
UPID
US53-1814906
Jurisdiction
CABARRUS
Zoning & alternative use
RC · Concord, NC
Zoning RC · permitted uses
RC · Concord, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Concord. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1994
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
15
Units
10
Bathrooms
4
Lot
12.03 ac
Current owner
From public records · entity-resolved
Spectrum Southeast LLC
Entity
Mailing address
4956 N 300TH W STE #300, PROVO, UT 84604-5842
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2021
—
Spectrum Southeast LLC
PC O Jv Nc Holdings LLC
Deed
—
Oct 1, 2020
$15,400,000
PC Nc Davidson LLC
Bma Davidson Apartments LLC
Grant Deed
—
May 25, 2007
$6,900,000
Bma Davidson Apartments LLC
Davidson Apartments LLC
Grant Deed
related
$33,310,000 · Column Financial INC
—
—
Bma Davidson Apartments LLC
—
Deed Of Trust
related
$33,038,986 · Greystone Svcg
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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