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Property profile & analytics
OFF-MARKET
Estimated value
$1,980,000
Garden apartment buildings
12845 Mdw Crk Ln Pineville, NC 28134-7351
Entity Owned
8-yr Hold
Free & Clear
Property ID
US53-1717238
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1984
Total area
16,945 SF
Lot
21.75 ac (947,561 SF)
Zoning code
RMF
APN
22109111
UPID
US53-1717238
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
$1.96M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.98M
Owner & transaction history
Lcf LLC · 8 yrs held
Lcf LLC
since 2018
6 recorded transactions
Zoning & alternative use
RMF · Pineville, NC
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 Pineville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pineville 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%
$2,115,000
6.5%
$1,955,000
7%
$1,815,000
Blend value · Realmo final
$1.98M
Range $1.78M – $2.18M · ±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
$117 / 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
$313,240
Tax year 2023
Assessed value
$41,319,100
Assessed 2024
Previous assessed
$41,561,800
-0.6% YoY
Effective rate
0.76%
On assessed value
Assessed land
$3,140,100
Assessed improvement
$38,179,000
Land market value
$3,140,100
Improvement market value
$38,179,000
Total market value
$41,319,100
Applied tax rate
21.0000
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
1984
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
13
Stories
2
Rooms
1
Total area
16,945 SF
Lot
21.75 ac (947,561 SF)
Zoning code
RMF
APN
22109111
UPID
US53-1717238
Jurisdiction
MECKLENBURG
Zoning & alternative use
RMF · Pineville, NCZoning RMF · permitted uses
RMF · Pineville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
TOWN OF PINEVILLE
Building & site characteristics
From public records
Year built
1984
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
13
Rooms
1
Lot
21.75 ac
Current owner
From public records · entity-resolved
Lcf LLC
Entity
Free & Clear · 8 yrs held
Mailing address
400 RELLA BLVD STE #212, SUFFERN, NY 10901-4239
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2018
$28,000,000
Lcf LLC
Landmark At Chestrfield LP
Special Warranty Deed
—
Jan 9, 2018
—
Lcf LLC
Landmark At Chesterfield LP
Grant Deed
—
Dec 9, 2016
—
Landmark At Chesterfield LP
—
Deed
related
$20,000,000 · Wells Fargo Bk
Oct 5, 2011
$13,600,000
Landmark At Chesterfield L P
Colonial Realty Limited Partnership
Special Warranty Deed
$78,750,000 · Wells Fargo Bank NA
May 31, 1996
$11,100,000
Cornerstone Realty Income
Cornerstone,real
Grant Deed
related
—
—
—
Landmark At Chesterfield LP
—
Deed Of Trust
related
$20,000,000 · Wells Fargo Bk
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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