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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Garden apartment buildings
2985 Oxford Way, Claremont, NC 28610-9781
Entity Owned
11-yr Hold
Free & Clear
Property ID
US53-2954962
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2015
Construction
FRAME
Total area
12,032 SF
Lot
12.15 ac (529,254 SF)
Zoning code
B-2
APN
3752-16-93-8165
UPID
US53-2954962
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
$1.56M
Comparable Approach
Comparable
$901k
Blend (final)
Blend
$1.38M
Owner & transaction history
Wkz Housing LLC · 11 yrs held
Wkz Housing LLC
since 2015
6 recorded transactions
Zoning & alternative use
B-2 · Claremont, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.3M
+62.3%
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 Claremont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Claremont 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%
$1,685,000
6.5%
$1,555,000
7%
$1,445,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,410,000
Current use
MEDICAL BUILDING
$2,285,000
Change: +62% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,225,000
Change: -13% · Conversion: Difficult
RETAIL STORES
$1,160,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±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
$114 / 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
$46,814
Tax year 2023
Assessed value
$5,737,000
Assessed 2023
Previous assessed
$5,737,000
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$274,200
Assessed improvement
$5,462,800
Land market value
$274,200
Improvement market value
$5,462,800
Total market value
$5,737,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Construction
FRAME
Heating
HOT WATER
Cooling
CENTRAL
Buildings
4
Units
8
Total area
12,032 SF
Lot
12.15 ac (529,254 SF)
Zoning code
B-2
APN
3752-16-93-8165
UPID
US53-2954962
Jurisdiction
CATAWBA
Zoning & alternative use
B-2 · Claremont, NC
Zoning B-2 · permitted uses
B-2 · Claremont, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Claremont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2015
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Buildings
4
Units
8
Lot
12.15 ac
Current owner
From public records · entity-resolved
Wkz Housing LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 3737, SPRINGFIELD, MO 65808-3737
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2015
$5,000
Wkz Housing LLC
Coulter Charles P JR
Warranty Deed
—
Apr 28, 2015
$345,000
Oxford Crossing LP
Coulter Charles P JR
Warranty Deed
—
Oct 14, 2011
—
Nancy C Geller
Geller,nancy C & Edward W
Quit Claim Deed
related
—
Apr 12, 2011
—
Charles P Coulter JR.
Smyre,elizabeth A
Warranty Deed
—
Oct 20, 2009
—
Elizabeth A Smyre
Grannis,edward W JR & Winifred M
Warranty Deed
—
Sep 24, 2009
—
Elizabeth Ann Smyre
Grannis,edward W JR
Grant Deed
related
—
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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