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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Garden apartment buildings
16939 Northcross Dr Huntersville, NC 28078
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2058917
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1994
Total area
8,128 SF
Lot
25.61 ac (1,115,572 SF)
Zoning code
NRCD
APN
505209
UPID
US53-2058917
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
$735k
CAP Approach
CAP
$935k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$685k
Owner & transaction history
Landings Apartments LLC · 11 yrs held
Landings Apartments LLC
since 2015
4 recorded transactions
Zoning & alternative use
NRCD · Huntersville, NC
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
Method
Estimation
Statistic approach
by Request
ML approach
$735,000
CAP Approach
CAP Return
Estimation
6%
$1,015,000
6.5%
$935,000
7%
$870,000
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$84 / 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
$289,891
Tax year 2023
Assessed value
$44,660,500
Assessed 2024
Previous assessed
$44,861,600
-0.4% YoY
Effective rate
0.65%
On assessed value
Assessed land
$8,730,100
Assessed improvement
$35,930,400
Land market value
$8,730,100
Improvement market value
$35,930,400
Total market value
$44,660,500
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
1994
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
36
Stories
2
Total area
8,128 SF
Lot
25.61 ac (1,115,572 SF)
Zoning code
NRCD
APN
505209
UPID
US53-2058917
Jurisdiction
MECKLENBURG
Zoning & alternative use
NRCD · Huntersville, NCZoning NRCD · permitted uses
NRCD · Huntersville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Print Preview
Building & site characteristics
From public records
Year built
1994
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
36
Lot
25.61 ac
Current owner
From public records · entity-resolved
Landings Apartments LLC
Entity
Mailing address
1400 BATTLEGROUND AVE STE #201, GREENSBORO, NC 27408-8028
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2018
—
Landings Apartments LLC
—
Trustees Deed
related
$23,812,000 · Walker & Dunlop
Jan 26, 2015
—
Landings Apartments LLC
—
Grant Deed
related
$15,000,000 · First Citizens Bk
Jan 23, 2015
—
Landings Apartments LLC
G Ptshp LLC
Grant Deed
—
Mar 11, 2010
—
G Ptshp LP
General Greene Inv Co INC
Warranty Deed
—
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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