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Property profile & analytics
OFF-MARKET Estimated value $6,415,000
Garden apartment buildings

16519 Old Statesville Rd Huntersville, NC 28078-9416

133,228 SF 5.03 ac lot Built 2018
Individually Owned 19-yr Hold Absentee Owner
Property ID
US53-3614957
Property profile
Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 2018
Total area 133,228 SF
Lot 5.03 ac (219,237 SF)
Zoning code NR
APN 911123
UPID US53-3614957
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
by Request
Blend (final) Blend
$6.42M
Owner & transaction history
Joseph B Grooms JR. · 19 yrs held
Joseph B Grooms JR.
since 2006
7 recorded transactions
2019
Price N/A
2019
Price N/A
2006
Price N/A
1997
$75,000
1997
$60,000
1992
$32,500
1969
Price N/A
Zoning & alternative use
NR · Huntersville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

NR Neighborhood Residential District Residential GR General Residential District Residential TND-R Rural Traditional Neighborhood Development District Mixed Use TND-U Urban Traditional Neighborhood Development District Mixed Use TOD-R Transit-Oriented Development District - Residentially Led Mixed Use NC Neighborhood Center District Mixed Use TC Town Center…

Zone name Neighborhood Residential
General category MIXED_USE
Zone area 3,523.60 ac
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