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Property profile & analytics
OFF-MARKET
Estimated value
$66,925,000
Garden apartment buildings
11608 Old Statesville Rd Huntersville, NC 28078-7685
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-3863313
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2018
Total area
55,044 SF
Lot
5.19 ac (225,946 SF)
APN
1913143
UPID
US53-3863313
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
by Request
Comparable Approach
Comparable
$62.51M
Blend (final)
Blend
$66.93M
Owner & transaction history
Huntersville Associates LLC · 5 yrs held
Huntersville Associates LLC
since 2021
Last sale
$66.0M
7 recorded transactions
Zoning & alternative use
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 Huntersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Huntersville 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
$73,090,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$66.93M
Range $60.23M – $73.62M · ±10% · vs last sale $66.05M (Aug 3 2021)
Last sale anchor
$66.05M
Aug 3 2021
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
$1,216 / 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
$115,994
Tax year 2023
Assessed value
$17,870,000
Assessed 2024
Previous assessed
$19,736,100
-9.5% YoY
Effective rate
0.65%
On assessed value
Assessed land
$1,831,900
Assessed improvement
$16,038,100
Land market value
$1,831,900
Improvement market value
$16,038,100
Total market value
$17,870,000
Applied tax rate
4.0000
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
2018
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
3
Total area
55,044 SF
Lot
5.19 ac (225,946 SF)
APN
1913143
UPID
US53-3863313
Jurisdiction
MECKLENBURG
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2018
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Lot
5.19 ac
Current owner
From public records · entity-resolved
Huntersville Associates LLC
Entity
Mailing address
22730 FAIRVIEW CTR DR STE #200, FAIRVIEW PARK, OH 44126-3614
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2021
$6,604,500
Huntersville Associates LLC
Elmira Nc Partners LP
Special Warranty Deed
$42,500,000 · New York Life Insurance Company
Feb 11, 2020
—
Godley Group Of Charlotte LLC
—
Deed
related
$70,400,000 · Truist Bk
Dec 23, 2019
—
Elmira Nc Partners LP
—
Deed
related
$25,760,000 · Capital One NA
Nov 14, 2019
$48,951,000
Elmira Nc Partners LP
Dd Bryton LLC
Grant Deed
—
May 24, 2017
—
Dd Bryton LLC
—
Grant Deed
related
$50,200,000 · Keybank USA
Dec 23, 2015
$2,555,000
Dd Bryton LLC
Bryton Tc 1 LLC
Grant Deed
—
—
—
Elmira Nc Partners LP
—
Deed Of Trust
related
$25,760,000 · Capital One NA
—
—
Bryton Tc 1 LLC
—
Loan Modification
related
—
—
—
Godley Group Of Charlotte LLC
—
Loan Modification
related
$70,400,000 · Truist Bk
—
—
Bryton Tc 1 LLC
—
Deed Of Trust
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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