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Property profile & analytics
OFF-MARKET
Estimated value
$21,690,000
Garden apartment buildings
2903 Davidson St, Charlotte, NC 28205-1096
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-0459771
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1900
Total area
135,302 SF
Lot
7.82 ac (340,770 SF)
Zoning code
MUDDO
APN
8307801
UPID
US53-0459771
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
-
SUPA DOPE Nightclub DJ & Entertainment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$25.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.69M
Owner & transaction history
Wrpv Xiii Highland Charlotte L · 6 yrs held
Wrpv Xiii Highland Charlotte L
since 2019
7 recorded transactions
Zoning & alternative use
MUDDO · 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%
$27,285,000
6.5%
$25,185,000
7%
$23,385,000
Blend value · Realmo final
$21.69M
Range $19.52M – $23.86M · ±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
$160 / 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
$291,998
Tax year 2023
Assessed value
$39,808,900
Assessed 2024
Previous assessed
$44,856,700
-11.3% YoY
Effective rate
0.73%
On assessed value
Assessed land
$19,637,500
Assessed improvement
$20,171,400
Land market value
$19,637,500
Improvement market value
$20,171,400
Total market value
$39,808,900
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
1900
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Rooms
1
Total area
135,302 SF
Lot
7.82 ac (340,770 SF)
Zoning code
MUDDO
APN
8307801
UPID
US53-0459771
Jurisdiction
MECKLENBURG
Zoning & alternative use
MUDDO · Charlotte, NC
Zoning MUDDO · permitted uses
MUDDO · 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
1900
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Rooms
1
Lot
7.82 ac
Current owner
From public records · entity-resolved
Wrpv Xiii Highland Charlotte L
Individual
Mailing address
30 S WACKER DR STE #3600, CHICAGO, IL 60606-7462
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2019
$39,300,000
Wrpv Xiii Highland Charlotte L
Quadbridge Hml Owner LLC
Grant Deed
$5,000,000 · Jones Lang Lasalle Multifamily
Oct 21, 2019
—
Wrpv Xiii Highland Charlotte L
Quadbridge Hml Owner LLC
Quit Claim Deed
related
—
Mar 6, 2017
—
Cch-highland Mill LLC
—
Grant Deed
related
$9,348,500 · Wells Fargo Bk
Jul 1, 2016
—
Quadbridge Hml Outparcels Owne
Quadbridge Hml Owner LLC
Quit Claim Deed
related
$21,840,000 · Private Individual
Dec 11, 2013
—
Quadbridge Hml Owner LLC
Highland Mill Landlord LLC
Quit Claim Deed
related
—
Dec 11, 2013
$21,000,000
Quadbridge Hml Owner LLC
Highland Mill Landlord LLC
Grant Deed
—
Aug 30, 2010
—
Highland Mill Landlord LLC
—
Trustees Deed
related
$12,312,366 · Bank Of America
Oct 17, 2003
—
Highland Mill Residential LLC
Highland Mills LLC
Quit Claim Deed
related
$7,423,366 · 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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