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Property profile & analytics
OFF-MARKET
Garden apartment buildings
12705 Winter Hazel Rd, Charlotte, NC 28278-7738
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-1760796
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2006
Total area
19,236 SF
Lot
36.76 ac (1,601,178 SF)
Zoning code
R17MFCD
APN
19955107
UPID
US53-1760796
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ggif Steele Creek LP · 4 yrs held
Ggif Steele Creek LP
since 2022
Last sale
$140.0M
7 recorded transactions
Zoning & alternative use
R17MFCD · 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
$972,477
Tax year 2023
Assessed value
$132,580,300
Assessed 2024
Previous assessed
$132,669,400
-0.1% YoY
Effective rate
0.73%
On assessed value
Assessed land
$16,441,000
Assessed improvement
$116,139,300
Land market value
$16,441,000
Improvement market value
$116,139,300
Total market value
$132,580,300
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
2006
Heating
STEAM
Cooling
CENTRAL
Buildings
20
Stories
3
Total area
19,236 SF
Lot
36.76 ac (1,601,178 SF)
Zoning code
R17MFCD
APN
19955107
UPID
US53-1760796
Jurisdiction
MECKLENBURG
Zoning & alternative use
R17MFCD · Charlotte, NC
Zoning R17MFCD · permitted uses
R17MFCD · 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
2006
Heating
STEAM
Cooling
Yes
Stories
3
Buildings
20
Lot
36.76 ac
Current owner
From public records · entity-resolved
Ggif Steele Creek LP
Entity
Free & Clear · 4 yrs held
Mailing address
730 TOWN AND COUNTRY BLVD STE #800, HOUSTON, TX 77024-4675
Ownership since
2022
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
Apr 27, 2022
$140,000
Ggif Steele Creek LP
Avant At Steele Creek LP
Special Warranty Deed
—
Oct 28, 2020
—
Avant At Steele Creek LP
—
Deed
related
$7,246,000 · Newmark Knight Frank
Jun 26, 2018
$67,825,000
Avant At Steele Creek LP
Bre Piper Mf Sterling Steele C
Grant Deed
$47,925 · Berkeley Point Cap
Apr 16, 2015
$49,700,000
Bre Piper Mf Sterling Steele C
Steele Creek Charlotte Assocs
Grant Deed
related
$26,491,368 · Federal Nat'l Mtg Assn (fnma)
May 30, 2012
—
Creek Charlotte Assocs Steele
Magnolia Stn Apartments LLC
Grant Deed
—
May 30, 2012
$36,500,000
Creek Charlotte Assocs Steele
Magnolia Stn Apartments LLC
Grant Deed
—
Jun 17, 2009
—
Magnolia Stn Apartments LLC
—
Trustees Deed
related
$23,515,707 · Suntrust Bank NA
Mar 22, 2005
—
Magnolia Station Apartments LLC
Mark L Maynard
Warranty Deed
$114,482 · Central Carolina Bank
Dec 16, 2004
$2,800,000
Mark L Maynard
Squires Realty INC
Warranty Deed
$2,100,000 · Bank Of Wilmington
—
—
Avant At Steele Creek LP
—
Deed Of Trust
related
$7,246,000 · Newmark Knight Frank
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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