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Property profile & analytics
OFF-MARKET
Estimated value
$1,895,000
Garden apartment buildings
2442 Shopton Rd, Charlotte, NC 28217-2944
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-2321356
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2017
Total area
22,422 SF
Lot
4.15 ac (180,818 SF)
Zoning code
NS
APN
14324104
UPID
US53-2321356
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
$1.90M
Owner & transaction history
Courtney Oaks Apts II LLC · 7 yrs held
Courtney Oaks Apts II LLC
since 2018
5 recorded transactions
Zoning & alternative use
NS · 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
$85 / 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
$109,254
Tax year 2023
Assessed value
$14,894,900
Assessed 2024
Previous assessed
$15,017,200
-0.8% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,997,600
Assessed improvement
$12,897,300
Land market value
$1,997,600
Improvement market value
$12,897,300
Total market value
$14,894,900
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2017
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
3
Total area
22,422 SF
Lot
4.15 ac (180,818 SF)
Zoning code
NS
APN
14324104
UPID
US53-2321356
Jurisdiction
MECKLENBURG
Zoning & alternative use
NS · Charlotte, NC
Zoning NS · permitted uses
NS · 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
2017
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
4
Lot
4.15 ac
Current owner
From public records · entity-resolved
Courtney Oaks Apts II LLC
Entity
Mailing address
PO BOX 450233, ATLANTA, GA 31145-0233
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2018
—
Courtney Oaks Apts II LLC
Cottonwood Courtney Oaks H LLC
Quit Claim Deed
related
$8,119,000 · Berkadia Com'l Mtg
Apr 13, 2016
—
Courtney Oaks Apartments II Ll
Cottonwood Courtney Oaks H LLC
Quit Claim Deed
—
Nov 25, 2015
$750,100
Cottonwood Courtney Oaks H LLC
Tryon South Prof Center LLC
Warranty Deed
—
Jun 5, 2006
—
Tryon South Professional Center LLC
Msb Cpa Realty LLC
Warranty Deed
$2,354,572 · American Community Bank
Jan 30, 2006
$1,519,500
Msb Cpa Realty LLC
The Trustees Of Davidson College
Special Warranty Deed
$1,557,000 · American Community Bank
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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