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Property profile & analytics
OFF-MARKET
Estimated value
$7,180,000
High-rise multifamily apartments
1200 Mint St, Charlotte, NC 28203-6821
Individually Owned
6-yr Hold
Free & Clear
Property ID
US53-1598656
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2021
Total area
220,994 SF
Lot
1.6 ac (69,870 SF)
Zoning code
I2
APN
7326606
UPID
US53-1598656
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
-
Link Apartments Mint Street Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.18M
Owner & transaction history
1200 Mint Street Charlotte Apt · 6 yrs held
1200 Mint Street Charlotte Apt
since 2020
Last sale
$6.3M
7 recorded transactions
Zoning & alternative use
I2 · 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
$7,295,000
ML approach
$8,815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.18M
Range $6.46M – $7.90M · ±10% · vs last sale $6.30M (Jul 2 2020)
Last sale anchor
$6.30M
Jul 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
$32 / 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
$443,261
Tax year 2023
Assessed value
$60,431,000
Assessed 2024
Previous assessed
$59,476,400
+1.6% YoY
Effective rate
0.73%
On assessed value
Assessed land
$10,829,900
Assessed improvement
$49,601,100
Land market value
$10,829,900
Improvement market value
$49,601,100
Total market value
$60,431,000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2021
Heating
YES
Buildings
2
Stories
4
Total area
220,994 SF
Lot
1.6 ac (69,870 SF)
Zoning code
I2
APN
7326606
UPID
US53-1598656
Jurisdiction
MECKLENBURG
Zoning & alternative use
I2 · Charlotte, NC
Zoning I2 · permitted uses
I2 · 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
2021
Heating
YES
Stories
4
Buildings
2
Lot
1.6 ac
Current owner
From public records · entity-resolved
1200 Mint Street Charlotte Apt
Individual
Free & Clear · 6 yrs held
Mailing address
PO BOX 20197, ATLANTA, GA 30325-0197
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2020
$6,300,000
1200 Mint Street Charlotte Apt
Metrolina Prop Of Charlotte LLC
Grant Deed
—
Nov 8, 2017
—
Metrolina Props Of Charlotte LLC
—
Grant Deed
related
$2,432,500 · Paragon Com'l Bk
Dec 31, 2008
—
Wood Associates LLC
—
Deed Of Trust
related
$1,640,000 · Southern Community Bank
Jul 24, 1996
—
Rathon Corp
Rathon Corp
Quit Claim Deed
related
—
—
—
Metrolina Props Of Charlotte LLC
—
Deed Of Trust
related
$300,000 · Newdominion Bank
—
—
Metrolina Props Of Charlotte LLC
—
Deed Of Trust
related
$1,575,000 · Paragon Com'l Bk
—
—
Metrolina Props Of Charlotte LLC
—
Deed Of Trust
related
$773,000 · Newdominion Bank
—
—
Wood Associates LLC
—
Deed Of Trust
related
$310,000 · Branch Banking & Trust Co
—
—
Wood Associates LLC
—
Deed Of Trust
related
$150,000 · Southern Community 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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