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Property profile & analytics
OFF-MARKET
Estimated value
$16,090,000
Garden apartment buildings
1147 Marsh Rd 311 Charlotte, NC 28209-4178
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0176655
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2016
Total area
97,523 SF
Lot
2.25 ac (98,054 SF)
Zoning code
R-43MF
APN
14710172
UPID
US53-0176655
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.16M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.09M
Owner & transaction history
Park And Marsh Seniors LLC · 10 yrs held
Park And Marsh Seniors LLC
since 2015
7 recorded transactions
Zoning & alternative use
R-43MF · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$19,665,000
6.5%
$18,155,000
7%
$16,855,000
Blend value · Realmo final
$16.09M
Range $14.48M – $17.70M · ±10%
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
$165 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$57,405
Tax year 2023
Assessed value
$7,826,200
Assessed 2024
Previous assessed
$7,898,000
-0.9% YoY
Effective rate
0.73%
On assessed value
Assessed land
$3,592,200
Assessed improvement
$4,234,000
Land market value
$3,592,200
Improvement market value
$4,234,000
Total market value
$7,826,200
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
2016
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Rooms
1
Total area
97,523 SF
Lot
2.25 ac (98,054 SF)
Zoning code
R-43MF
APN
14710172
UPID
US53-0176655
Jurisdiction
MECKLENBURG
Zoning & alternative use
R-43MF · Charlotte, NC
Zoning R-43MF · permitted uses
R-43MF · 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
2016
Heating
FORCED AIR
Cooling
Yes
Stories
3
Rooms
1
Lot
2.25 ac
Current owner
From public records · entity-resolved
Park And Marsh Seniors LLC
Entity
Mailing address
400 EE BLVD, CHARLOTTE, NC 28203-5136
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2017
—
Park & Marsh Seniors LLC
—
Deed
related
$380,593 · Housing Fin Agcy
Nov 12, 2015
—
Park & Marsh Seniors LLC
—
Grant Deed
related
$9,000,000 · Private Individual
Sep 9, 2015
—
Park And Marsh Seniors LLC
Housing Authority Of The City Of Charlot
Warranty Deed
$1,350,000 · Housing Authority Of City Of Charlotte
Feb 15, 2011
—
Housing Authority Of City/charlot
Horizon Dev Properties INC
Quit Claim Deed
related
—
Dec 22, 2010
—
Horizon Development Properties INC
Park/marsh LLC
Other
—
Dec 22, 2010
$1,500,000
Horizon Dev Properties INC
Park Of Marsh LLC
Grant Deed
—
Oct 26, 2006
$3,750,000
Park Of Marsh LLC
Summit Pinnacle LLC
Grant Deed
—
Jan 23, 2006
$2,117,500
Summit Pinnacle LLC
Community Housing Dev Corp
Warranty Deed
—
Jan 23, 2006
—
Summit Pinnacle LLC
Community Housing Dev Corp
Grant Deed
$1,702,875 · First Charter Bank
Sep 26, 1997
$1,740,000
Community Housing Developm
Community Housin
Grant Deed
related
—
Jan 4, 1995
$1,160,000
Udrt Of North Carolina LLC
Udrt Of North Ca
Grant Deed
related
—
—
—
Summit Pinnacle LLC
—
Deed Of Trust
related
$650,000 · First Charter Bank
—
—
Park & Marsh Seniors LLC
—
Deed Of Trust
related
$1,380,000 · Miscellaneous Govt Agcy
—
—
Park & Marsh Seniors LLC
—
Deed Of Trust
related
$380,593 · Housing Fin Agcy
—
—
Summit Pinnacle LLC
—
Deed Of Trust
related
$300,000 · First Charter Bank
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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