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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Garden apartment buildings
2912 Richard St, Charlotte, NC 28208-7165
Entity Owned
13-yr Hold
Property ID
US53-0684045
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2015
Total area
7,272 SF
Lot
1.23 ac (53,535 SF)
Zoning code
R22MF
APN
14522206
UPID
US53-0684045
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
$1.36M
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$985k
Owner & transaction history
Tyvola Crossing II LLC · 13 yrs held
Tyvola Crossing II LLC
since 2013
7 recorded transactions
Zoning & alternative use
R22MF · 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%
$1,465,000
6.5%
$1,355,000
7%
$1,255,000
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±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
$135 / 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
$14,144
Tax year 2023
Assessed value
$1,928,300
Assessed 2024
Previous assessed
$1,949,900
-1.1% YoY
Effective rate
0.73%
On assessed value
Assessed land
$409,700
Assessed improvement
$1,518,600
Land market value
$409,700
Improvement market value
$1,518,600
Total market value
$1,928,300
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2015
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
7,272 SF
Lot
1.23 ac (53,535 SF)
Zoning code
R22MF
APN
14522206
UPID
US53-0684045
Jurisdiction
MECKLENBURG
Zoning & alternative use
R22MF · Charlotte, NC
Zoning R22MF · permitted uses
R22MF · 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
2015
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
2
Lot
1.23 ac
Current owner
From public records · entity-resolved
Tyvola Crossing II LLC
Entity
Mailing address
4601 CHARLOTTE PARK DR, CHARLOTTE, NC 28217-1915
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2016
—
Tyvola Crossing II LLC
—
Deed
related
$600,000 · Housing Fin Agcy
Apr 10, 2013
$139,500
Tyvola Crossing II LLC
Charlotte-mecklenburg Hsng Pts
Warranty Deed
—
Mar 27, 2009
—
Charlotte-mecklenburg Hsng Pts
Hud-housing Of Urban Dev
Grant Deed
related
—
Oct 16, 1996
$50,500
Cornell R Stokes JR.
Stokes,cornell R
Grant Deed
related
—
Oct 15, 1996
$50,500
Cornell R Stokes JR.
Hudson,eugene Ro
Grant Deed
$50,255 · Turner-harwood Mortgage
May 11, 1995
—
Eugene Roger Hudson JR.
Hudson,eugene Ro
Quit Claim Deed
related
—
—
—
Tyvola Crossing II LLC
—
Deed Of Trust
related
$600,000 · Housing Fin Agcy
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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