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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Garden apartment buildings
1512 Sunnyside Ave, Charlotte, NC 28204-2164
Entity Owned
Property ID
US53-0531233
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1940
Total area
3,680 SF
Lot
0.1 ac (4,526 SF)
Zoning code
R-8
APN
8021621
UPID
US53-0531233
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
$605k
CAP Approach
CAP
$685k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$640k
Owner & transaction history
Inirt Investments LLC
Inirt Investments LLC
since 2025
7 recorded transactions
Zoning & alternative use
R-8 · 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
$625,000
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
$740,000
6.5%
$685,000
7%
$635,000
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$174 / 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
$4,309
Tax year 2023
Assessed value
$587,400
Assessed 2024
Previous assessed
$587,400
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$300,000
Assessed improvement
$287,400
Land market value
$300,000
Improvement market value
$287,400
Total market value
$587,400
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
1940
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
3,680 SF
Lot
0.1 ac (4,526 SF)
Zoning code
R-8
APN
8021621
UPID
US53-0531233
Jurisdiction
MECKLENBURG
Zoning & alternative use
R-8 · Charlotte, NC
Zoning R-8 · permitted uses
R-8 · 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
1940
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Inirt Investments LLC
Entity
Mailing address
PO BOX 1561, MONROE, NC 28111-1561
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2025
—
Inirt Investments LLC
Mcintosh Charlon
Warranty Deed
—
Jun 30, 2025
$1,000,000
Mcintosh Charlon
Micheaux Resource Management LLC
Warranty Deed
$600,000 · Rocket Mortgage LLC
Nov 30, 2020
—
Micheaux Resource Management LLC
—
Deed
related
$470,000 · Uwharrie Bank
Aug 5, 2020
—
Micheaux Resource Management LLC
—
Deed
related
$465,000 · Uwharrie Bank
Jul 2, 2020
$540,000
Micheaux Rsrc Mgmt LLC
Daryl W Mccollum
Warranty Deed
—
May 13, 2020
—
Daryl W Mccollum
—
Deed
related
$375,000 · First Nat'l Bk/pa
Jun 27, 2006
—
Daryl W Mccollum
Debra D Smith
Warranty Deed
$245,000 · Suntrust Mortgage INC
Feb 4, 1998
$165,000
Daryl W Mccollum
Mccollum,daryl W
Grant Deed
related
—
Sep 20, 1991
$64,500
Sunnyside Partners
Unknown
Grant Deed
—
—
—
Daryl W Mccollum
—
Deed Of Trust
related
$375,000 · First Nat'l Bk/pa
—
—
Daryl W Mccollum
—
Deed Of Trust
related
$181,564 · Chase Manhattan Mortgage Corp
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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