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Property profile & analytics
OFF-MARKET
Estimated value
$12,715,000
High-rise multifamily apartments
2633 Richardson Dr, Charlotte, NC 28211-3355
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-0460669
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1974
Total area
155,785 SF
Lot
15.81 ac (688,814 SF)
Zoning code
MUDD-O
APN
17709202
UPID
US53-0460669
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
-
Morrocroft Place Apartments Apartment Building
-
Dickson Interior Design Interior Design Home Decor Store
-
John A Thompson MD Physician Medical Clinic
-
Clark William M MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.89M
Blend (final)
Blend
$12.72M
Owner & transaction history
John A Thompson JR · 1 yrs held
John A Thompson JR
since 2025
7 recorded transactions
Zoning & alternative use
MUDD-O · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.72M
Range $11.44M – $13.99M · ±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
$82 / 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
$351,695
Tax year 2023
Assessed value
$47,947,500
Assessed 2024
Previous assessed
$48,047,700
-0.2% YoY
Effective rate
0.73%
On assessed value
Assessed land
$36,393,900
Assessed improvement
$11,553,600
Land market value
$36,393,900
Improvement market value
$11,553,600
Total market value
$47,947,500
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
Off-Market
Year built
1974
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
4
Rooms
1
Total area
155,785 SF
Lot
15.81 ac (688,814 SF)
Zoning code
MUDD-O
APN
17709202
UPID
US53-0460669
Jurisdiction
MECKLENBURG
Zoning & alternative use
MUDD-O · Charlotte, NC
Zoning MUDD-O · permitted uses
MUDD-O · 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
1974
Heating
HEAT PUMP
Cooling
Yes
Stories
4
Rooms
1
Lot
15.81 ac
Current owner
From public records · entity-resolved
John A Thompson JR
Individual
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2025
—
John A Thompson JR
Morrocroft Place INC
Deed
—
Feb 19, 2025
—
Mark B Mahoney
Morrocroft Place INC
Deed
—
Nov 20, 2024
—
Mark B Mahoney
Morrocroft Place INC
Deed
—
Oct 28, 2024
—
Jessie Lynn Thompson
Morrocroft Place INC
Deed
—
Feb 21, 2024
—
Joan H Zimmerman Revocable Trust
Morrocroft Place INC
Deed
—
Aug 11, 2023
—
Emma Carol Biggers Dabbs
Morrocroft Place INC
Lease
—
Aug 2, 2023
—
Jane M Conlan
Morrocroft Place INC
Assignment Of Lease (leasehold Sale)
—
Jul 7, 2023
—
Armando L Chardiet
Morrocroft Place INC
Assignment Of Lease (leasehold Sale)
—
Jun 2, 2023
—
Herbert E Althouse JR
Morrocroft Place INC
Assignment Of Lease (leasehold Sale)
—
May 10, 2023
—
Bonnie J Amos
Morrocroft Place INC
Lease
—
Dec 30, 2022
—
Ann S Clarkson
Morrocroft Place INC
Lease
—
Feb 3, 2020
—
Morrocroft Place INC
—
Deed
related
$250,000 · South State Bank
—
—
Morrocroft Apartments INC
—
Deed Of Trust
related
$1,260,000 · Bank Of America
—
—
Louis A Palomba
—
Deed Of Trust
related
$250,000 · Bank Of America
—
—
Morrocroft Place INC
—
Deed Of Trust
related
$1,700,000 · Park Sterling Bank
—
—
Morrocroft Apartments INC
—
Deed Of Trust
related
$250,000 · Bank Of America
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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