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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Garden apartment buildings
115 Briarcliff Dr Kannapolis, NC 28081-7149
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-2702081
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1968
Construction
WOOD
Total area
6,039 SF
Lot
0.34 ac (14,600 SF)
Zoning code
R4
APN
5612 67 9311
UPID
US53-2702081
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
$1.09M
CAP Approach
CAP
$985k
Comparable Approach
Comparable
$997k
Blend (final)
Blend
$975k
Owner & transaction history
Briarcliff On Main LLC · 5 yrs held
Briarcliff On Main LLC
since 2020
Last sale
$950,000
4 recorded transactions
Zoning & alternative use
R4 · Kannapolis, 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 Kannapolis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kannapolis 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
$1,005,000
ML approach
$1,090,000
CAP Approach
CAP Return
Estimation
6%
$1,065,000
6.5%
$985,000
7%
$915,000
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±10% · vs last sale $950k (Oct 2 2020)
Last sale anchor
$950k
Oct 2 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
$161 / 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
$5,641
Tax year 2024
Assessed value
$496,770
Assessed 2024
Previous assessed
$304,830
+63.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$65,000
Assessed improvement
$431,770
Land market value
$65,000
Improvement market value
$431,770
Total market value
$496,770
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1968
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
6
Bathrooms
1
Total area
6,039 SF
Lot
0.34 ac (14,600 SF)
Zoning code
R4
APN
5612 67 9311
UPID
US53-2702081
Jurisdiction
CABARRUS
Zoning & alternative use
R4 · Kannapolis, NC
Zoning R4 · permitted uses
R4 · Kannapolis, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kannapolis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
6
Bathrooms
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Briarcliff On Main LLC
Entity
Mailing address
85 CLINTON AVE, HUNTINGTON, NY 11743-2630
Ownership since
2020
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
Nov 30, 2022
—
Briarcliff On Main LLC
—
Deed
related
$100,000 · Mary Annunziata
Jan 6, 2022
—
Briar Cliff On Main LLC
—
Deed
related
$945,000 · Finance Of America Mortgage LLC
Oct 2, 2020
$950,000
Briarcliff On Main LLC
Ann M Holbrooks
Grant Deed
$300,000 · Holbrooks Family Trust (pt)
May 18, 2009
—
Gene S Holbrooks
Holbrooks,gene S & Ann M
Quit Claim Deed
related
—
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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