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Property profile & analytics
OFF-MARKET
Estimated value
$1,715,000
Specialty properties
2300 Vlg Lk Dr, Charlotte, NC 28212-0079
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-5668512
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1985
Total area
15,438 SF
Lot
22.36 ac (973,914 SF)
Zoning code
R17MF
APN
19107137
UPID
US53-5668512
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
-
Park 2300 Apartments Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.72M
Owner & transaction history
City Of Charlotte · 2 yrs held
City Of Charlotte
since 2023
7 recorded transactions
Zoning & alternative use
R17MF · 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
$111 / 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
$436,207
Tax year 2023
Assessed value
$59,469,300
Assessed 2024
Previous assessed
$60,080,800
-1.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$6,909,600
Assessed improvement
$52,559,700
Land market value
$6,909,600
Improvement market value
$52,559,700
Total market value
$59,469,300
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1985
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
23
Stories
1
Rooms
1
Total area
15,438 SF
Lot
22.36 ac (973,914 SF)
Zoning code
R17MF
APN
19107137
UPID
US53-5668512
Jurisdiction
MECKLENBURG
Zoning & alternative use
R17MF · Charlotte, NC
Zoning R17MF · permitted uses
R17MF · 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
1985
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
23
Rooms
1
Lot
22.36 ac
Current owner
From public records · entity-resolved
City Of Charlotte
Entity
Free & Clear · 2 yrs held
Mailing address
600 E 4TH ST, CHARLOTTE, NC 28202-2816
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2023
—
City Of Charlotte
Bmf IV Nc Park 2300 LLC
Deed
—
Dec 23, 2019
$108,000
Bmf IV Nc Park 2300 LLC
Park Hat Lap LLC
Grant Deed
$40,000,000 · Miscellaneous Ins Co
Nov 30, 2016
$33,600,000
Park Hat Lap LLC
Park 2300 Aprtment LLC
Special Warranty Deed
$25,200,000 · Regions Bank
May 8, 2015
$24,700,000
Park 2300 Apartments LLC
Village Lake Nc Partners LLC
Grant Deed
—
May 8, 2015
—
Park 2300 Apartments LLC
Village Lake Nc Partners LLC
Trustees Deed
related
$19,760,000 · Cbre Cap Markets
Feb 2, 2015
$22,750,000
Village Lake Nc Partners LLC
Mp Creekwood LLC
Grant Deed
$18,473,000 · Walker & Dunlop
Feb 2, 2015
—
Village Lakee Nc Partners LLC
Mp Creekwood LLC
Quit Claim Deed
related
—
Sep 10, 2007
$23,920,000
Mp Creekwood LLC
Capreit Creekwood LP
Special Warranty Deed
$17,450,000 · Wachovia Multifamily Capital INC
Sep 10, 2007
—
Mp Creekwood LLC
Capreit Creekwood
Grant Deed
—
Sep 19, 1988
$14,450,000
Hvm/creekwood Ltd Ptnrshp
Unknown
Grant 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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