New search
Property profile & analytics
FOR LEASE
High-rise multifamily apartments
2161 Hawkins St, Charlotte, NC 28203
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1039955
For Lease
1 / 4
$10,565,000
2161 Hawkins St, Charlotte, NC 28203
View Listing →
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1959
Total area
614,308 SF
Lot
1.35 ac (58,806 SF)
Zoning code
I2
APN
12103113
UPID
US53-1039955
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
-
Underground Exchange Records Recording Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.57M
Owner & transaction history
City Of Charlotee · 3 yrs held
City Of Charlotee
since 2022
7 recorded transactions
Zoning & alternative use
I2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$17 / 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
$307,030
Tax year 2023
Assessed value
$41,858,200
Assessed 2024
Previous assessed
$10,035,200
+317.1% YoY
Effective rate
0.73%
On assessed value
Assessed land
$10,035,200
Assessed improvement
$31,823,000
Land market value
$10,035,200
Improvement market value
$31,823,000
Total market value
$41,858,200
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
For Lease
Year built
1959
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
4
Rooms
1
Total area
614,308 SF
Lot
1.35 ac (58,806 SF)
Zoning code
I2
APN
12103113
UPID
US53-1039955
Jurisdiction
MECKLENBURG
Zoning & alternative use
I2 · Charlotte, NC
Zoning I2 · permitted uses
I2 · 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
1959
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
3
Rooms
1
Lot
1.35 ac
Current owner
From public records · entity-resolved
City Of Charlotee
Entity
Mailing address
303 PEACHTREE CTR AVE NE STE #575, ATLANTA, GA 30303-1210
Ownership since
2022
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
Nov 28, 2022
—
City Of Charlotee
Charlotte Hawkins LLC
Warranty Deed
$123,800,000 · Wells Fargo Bank NA
Sep 9, 2022
—
Charlotte Hawkins LLC
—
Deed
related
$123,800,000 · Wells Fargo Bank NA
Nov 8, 2019
$9,000,000
Charlotte Hawkins LLC
Rockhurst LLC
Special Warranty Deed
—
Nov 8, 2019
—
Charlotte Hawkins LLC
Rockhurst LLC
Grant Deed
—
May 16, 2016
—
Rockhurst LLC
—
Deed
related
$937,000 · Business Expansion Fndg
Sep 30, 2015
—
Rockhurst LLC
Philemon,jerry & Alma
Grant Deed
$910,000 · Branch Bk&tr
Sep 30, 2015
$2,600,000
Rockhurst LLC
Philemon,jerry & Alma
Warranty Deed
$1,300,000 · Branch Bk&tr
Jan 17, 2006
—
Jerry L Philemon
—
Trustees Deed
related
$250,000 · Carolina First Bank
Dec 30, 2003
—
Jerry Philemon
C&p Properties
Grant Deed
$200,000 · First Citizens Bank & Trust Co
—
—
Earl Chronister
—
Deed Of Trust
related
$90,000 · Charles N JR & Emily C Reid
—
—
Rockhurst LLC
—
Deed Of Trust
related
$937,000 · Business Expansion Fndg
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
