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Property profile & analytics
OFF-MARKET
Estimated value
$5,285,000
Garden apartment buildings
16403 Holly Crst Ln Huntersville, NC 28078-5103
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-3902487
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2015
Total area
108,153 SF
Lot
4.7 ac (204,601 SF)
Zoning code
TND-U(CD)
APN
927247
UPID
US53-3902487
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
Current use
Occupant on record · Public records
-
Massage at the Loft Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.29M
Owner & transaction history
Nr Holly Crest Property Owner LP · 5 yrs held
Nr Holly Crest Property Owner LP
since 2021
2 recorded transactions
Zoning & alternative use
TND-U(CD) · Huntersville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
) Conditional Zoning Neighborhood Residential District Residential GR (CD) Conditional Zoning General Residential District Residential TND-R (CD) Conditional Rural Traditional Neighborhood Development District Mixed Use TND-U (CD) Conditional Urban Traditional Neighborhood Development District Mixed Use TOD-R (CD) Conditional Transit-Oriented Development Dis…
Zone name
Conditional Urban Traditional Neighborhood Development
General category
PLANNED_DEVELOPMENT
Zone area
131.63 ac
Source
Print Preview
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 Huntersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Huntersville 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
$49 / 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
$183,797
Tax year 2023
Assessed value
$28,315,600
Assessed 2024
Previous assessed
$28,486,000
-0.6% YoY
Effective rate
0.65%
On assessed value
Assessed land
$2,022,700
Assessed improvement
$26,292,900
Land market value
$2,022,700
Improvement market value
$26,292,900
Total market value
$28,315,600
Applied tax rate
4.0000
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
2015
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
3
Total area
108,153 SF
Lot
4.7 ac (204,601 SF)
Zoning code
TND-U(CD)
APN
927247
UPID
US53-3902487
Jurisdiction
MECKLENBURG
Zoning & alternative use
TND-U(CD) · Huntersville, NCZoning TND-U(CD) · permitted uses
TND-U(CD) · Huntersville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
) Conditional Zoning Neighborhood Residential District Residential GR (CD) Conditional Zoning General Residential District Residential TND-R (CD) Conditional Rural Traditional Neighborhood Development District Mixed Use TND-U (CD) Conditional Urban Traditional Neighborhood Development District Mixed Use TOD-R (CD) Conditional Transit-Oriented Development District - Residentially Mixed Use NC (CD) Conditional Zoning Neighborhood Center District M
Zone name
Conditional Urban Traditional Neighborhood Development
General category
PLANNED_DEVELOPMENT
Zone area
131.63 ac
Source
Print Preview
Building & site characteristics
From public records
Year built
2015
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Lot
4.7 ac
Current owner
From public records · entity-resolved
Nr Holly Crest Property Owner LP
Entity
Mailing address
1057 E MOREHEAD ST, CHARLOTTE, NC 28204-2868
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2021
—
Nr Holly Crest Property Owner LP
—
Deed
related
$71,160,000 · Pnc Bank NA
Dec 7, 2017
—
Nr Holly Crest Prop Owner LLC
—
Grant Deed
related
$55,850,000 · Regions 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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