New search
Property profile & analytics
OFF-MARKET
Garden apartment buildings
1116 Scaleybark Rd A Charlotte, NC 28209-4534
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-1016318
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1971
Total area
74,007 SF
Lot
14.64 ac (637,631 SF)
Zoning code
R17MF
APN
14917106
UPID
US53-1016318
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
-
Charlotte Woods Apartments Apartment Building Apartment Complex
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
Woodlawn Noah LLC · 2 yrs held
Woodlawn Noah LLC
since 2023
Last sale
$37.0M
5 recorded transactions
Zoning & alternative use
R17MF · 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
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
Tax billed
$225,468
Tax year 2023
Assessed value
$30,738,600
Assessed 2024
Previous assessed
$31,054,400
-1.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$9,221,000
Assessed improvement
$21,517,600
Land market value
$9,221,000
Improvement market value
$21,517,600
Total market value
$30,738,600
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1971
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
2
Total area
74,007 SF
Lot
14.64 ac (637,631 SF)
Zoning code
R17MF
APN
14917106
UPID
US53-1016318
Jurisdiction
MECKLENBURG
Zoning & alternative use
R17MF · Charlotte, NC
Zoning R17MF · permitted uses
R17MF · 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
1971
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
4
Lot
14.64 ac
Current owner
From public records · entity-resolved
Woodlawn Noah LLC
Entity
Mailing address
2100 CRES AVE STE #200, CHARLOTTE, NC 28207-1589
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2023
—
Woodlawn Noah LLC
Frank M Resnek
Deed
$17,167,000 · Berkeley Point Capital LLC
Sep 8, 2023
$37,025,000
Woodlawn Noah LLC
Frank M Resnek
Special Warranty Deed
$8,000,000 · City Of Charlotte
Jun 10, 2003
—
Auto Facilities Real Est Trust
Cibc INC
Grant Deed
$325,000,000 · Jp Morgan Chase Bank Ttee
—
—
Charlotte Woods Realty Trust
—
Deed Of Trust
related
$6,800,000 · Cbre Multifamily Capital INC
—
—
Charlotte,woods Realty Trust
—
Deed Of Trust
related
$1,650,000 · Cbre Multifamily Cap
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1116 Scaleybark Rd, Unit A?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
