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Property profile & analytics
OFF-MARKET
Estimated value
$29,985,000
Garden apartment buildings
12904 Yorkridge Dr, Charlotte, NC 28273-6641
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0457232
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1990
Total area
16,128 SF
Lot
15.45 ac (672,915 SF)
Zoning code
R15MFCD
APN
20140105
UPID
US53-0457232
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
$24.02M
Blend (final)
Blend
$29.99M
Owner & transaction history
We York Ridge Spe Owner LLC · 4 yrs held
We York Ridge Spe Owner LLC
since 2022
Last sale
$31.7M
7 recorded transactions
Zoning & alternative use
R15MFCD · 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
$32,625,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$29.99M
Range $26.99M – $32.98M · ±10% · vs last sale $31.65M (Feb 2 2022)
Last sale anchor
$31.65M
Feb 2 2022
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
$1,859 / 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
$329,842
Tax year 2023
Assessed value
$44,968,300
Assessed 2024
Previous assessed
$48,428,700
-7.1% YoY
Effective rate
0.73%
On assessed value
Assessed land
$4,778,100
Assessed improvement
$40,190,200
Land market value
$4,778,100
Improvement market value
$40,190,200
Total market value
$44,968,300
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
1990
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
13
Stories
3
Total area
16,128 SF
Lot
15.45 ac (672,915 SF)
Zoning code
R15MFCD
APN
20140105
UPID
US53-0457232
Jurisdiction
MECKLENBURG
Zoning & alternative use
R15MFCD · Charlotte, NC
Zoning R15MFCD · permitted uses
R15MFCD · 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
1990
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Buildings
13
Lot
15.45 ac
Current owner
From public records · entity-resolved
We York Ridge Spe Owner LLC
Entity
Mailing address
120 COLLEGE RD, MONSEY, NY 10952-2018
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2022
—
We York Ridge Spe Owner LLC
We York Ridge Owner LLC
Intrafamily Transfer
related
$38,596,000 · Newpoint Real Estate Capital LLC
May 28, 2019
$31,650,000
We York Ridge Owner LLC
York Ridge Owner LLC
Special Warranty Deed
—
Mar 10, 2017
—
York Ridge Owner LLC
—
Deed
related
$17,965,000 · Capital One Multifamily Fin
Jul 2, 2015
$17,350,000
York Ridge Owner LLC
York Ridge Associates LP
Special Warranty Deed
$12,800,000 · Capital One NA
Apr 20, 2007
$14,500,000
York Ridge Associates
York Ridge Apartment Assocs
Grant Deed
$11,580,000 · Cbre Melody & Co
—
—
York Ridge Associates LP
—
Deed Of Trust
related
$12,000,000 · Susquehanna Bk
—
—
York Ridge Owner LLC
—
Deed Of Trust
related
$17,965,000 · Capital One Multifamily Fin
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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