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Property profile & analytics
OFF-MARKET
Estimated value
$5,000,000
High-rise multifamily apartments
2527 Riverside Ln Monroe, NC 28110-3960
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-2524554
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1986
Construction
WOOD
Total area
2,712 SF
Lot
6.78 ac (295,337 SF)
Zoning code
R-MF MONROE
APN
09-112-009
UPID
US53-2524554
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
-
Diamond Concrete Construction Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.00M
Owner & transaction history
Saratoga Ssdb Investments LLC · 2 yrs held
Saratoga Ssdb Investments LLC
since 2024
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
R-MF MONROE · Monroe, 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 Monroe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monroe 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
$5,000,000
ML approach
$5,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.00M
Range $4.50M – $5.50M · ±10% · vs last sale $5.00M (Apr 26 2024)
Last sale anchor
$5.00M
Apr 26 2024
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
$1,844 / 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
$10,266
Tax year 2023
Assessed value
$941,400
Assessed 2023
Previous assessed
$941,400
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$183,100
Assessed improvement
$758,300
Land market value
$183,100
Improvement market value
$758,300
Total market value
$941,400
Applied tax rate
200.0000
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
Off-Market
Year built
1986
Construction
WOOD
Heating
YES
Buildings
2
Stories
1
Bathrooms
2
Total area
2,712 SF
Lot
6.78 ac (295,337 SF)
Zoning code
R-MF MONROE
APN
09-112-009
UPID
US53-2524554
Jurisdiction
UNION
Zoning & alternative use
R-MF MONROE · Monroe, NC
Zoning R-MF MONROE · permitted uses
R-MF MONROE · Monroe, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monroe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Construction
WOOD
Heating
YES
Stories
1
Buildings
2
Bathrooms
2
Lot
6.78 ac
Current owner
From public records · entity-resolved
Saratoga Ssdb Investments LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2418 RIDERS GLN CT, CONCORD, NC 28027-3486
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2024
$5,000,000
Saratoga Ssdb Investments LLC
Kkm Holdings LLC
Special Warranty Deed
—
Oct 14, 2022
—
Kkm Holdings LLC
—
Deed
related
$2,175,225 · Carolina Foothills FCU
Apr 30, 2021
$2,850,000
Kkm Holdings LLC
Coroneos Properties LLC
Warranty Deed
$2,280,000 · Carolina Foothills FCU
Mar 8, 2017
—
Coroneos Properties LLC
Coroneos,maria C & Mike T
Quit Claim Deed
related
—
Dec 30, 2016
$1,210,000
Maria C Coroneos
Everbank
Grant Deed
—
Dec 31, 2015
$986,971
Everbank
Fisher Lewis R|genesis Holdings LLC
Trustees Deed
related
—
May 29, 2007
$2,200,000
Genesis Holdings LLC
Burgess,marvin R
Warranty Deed
$1,685,000 · Everbank
Jan 19, 2006
—
Marvin R Burgess
Burgess,landon
Quit Claim Deed
—
—
—
Marvin R Burgess
—
Deed Of Trust
related
$40,000 · First Charter 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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