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Property profile & analytics
OFF-MARKET Estimated value $2,025,000
Garden apartment buildings

12940 Dorman Rd Pineville, NC 28134-9385

36,144 SF 1.95 ac lot Built 2008
Entity Owned 18-yr Hold ~ Est. High Equity
Property ID
US53-3813205
Property profile
Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 2008
Total area 36,144 SF
Lot 1.95 ac (84,811 SF)
Zoning code O-I
APN 22110170
UPID US53-3813205
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
$1.25M
Blend (final) Blend
$2.03M
Owner & transaction history
Manor II LLC · 18 yrs held
Manor II LLC
since 2007
3 recorded transactions
2023
Price N/A
2007
Price N/A
1969
Price N/A
Zoning & alternative use
O-I · Pineville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

6.1.4 Office-Institutional District (O-I) This district is for medium to larger lots and intended to accommodate institutional uses such as hospitals-, short- and long-term care facilities as well as for offices and services that assist these uses. 6.1.5 Office-Commercial District (O-C) This district is intended as a mixed-use district allowing for both offi…

Zone name Office Institutional
General category CIVIC_INSTITUTIONAL
Zone area 71.53 ac
Source TOWN OF PINEVILLE
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