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Property profile & analytics
OFF-MARKET
Estimated value
$48,140,000
Garden apartment buildings
3122 Leadville Ln, Charlotte, NC 28213
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-3302755
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2014
Total area
19,020 SF
Lot
22.05 ac (960,498 SF)
Zoning code
R17MFCD
APN
4941201
UPID
US53-3302755
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
by Request
Comparable Approach
Comparable
$44.01M
Blend (final)
Blend
$48.14M
Owner & transaction history
Aspen Propco LLC · 4 yrs held
Aspen Propco LLC
since 2021
Last sale
$46.8M
7 recorded transactions
Zoning & alternative use
R17MFCD · 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
$54,955,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$48.14M
Range $43.33M – $52.95M · ±10% · vs last sale $46.80M (Dec 2 2021)
Last sale anchor
$46.80M
Dec 2 2021
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
$2,531 / 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
$310,125
Tax year 2023
Assessed value
$42,280,100
Assessed 2024
Previous assessed
$45,026,200
-6.1% YoY
Effective rate
0.73%
On assessed value
Assessed land
$6,960,300
Assessed improvement
$35,319,800
Land market value
$6,960,300
Improvement market value
$35,319,800
Total market value
$42,280,100
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
2014
Heating
STEAM
Cooling
CENTRAL
Buildings
11
Stories
3
Total area
19,020 SF
Lot
22.05 ac (960,498 SF)
Zoning code
R17MFCD
APN
4941201
UPID
US53-3302755
Jurisdiction
MECKLENBURG
Zoning & alternative use
R17MFCD · Charlotte, NC
Zoning R17MFCD · permitted uses
R17MFCD · 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
2014
Heating
STEAM
Cooling
Yes
Stories
3
Buildings
11
Lot
22.05 ac
Current owner
From public records · entity-resolved
Aspen Propco LLC
Entity
Mailing address
250 FILLMORE ST UNIT #150, DENVER, CO 80206-5001
Ownership since
2021
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
Dec 2, 2021
$46,800,000
Aspen Propco LLC
Hsre Aspen Charlotte LP
Special Warranty Deed
$375,000,000 · Wells Fargo Bank NA
Jan 24, 2018
$32,150,000
Hsre Aspen Charlotte LP
Breckenridge Group Cnc LLC
Grant Deed
$22,000,000 · Keybank USA
Dec 22, 2014
—
Breckenridge Group Cnc LLC
Breckenridge Group Charlotte N
Quit Claim Deed
related
$22,000,000 · Keybank USA
Oct 23, 2013
$2,400,000
Breckenridge Group Charlotte N
Kirk,john B & Margaret N
Grant Deed
—
Oct 16, 2013
—
John B Kirk
Kirk,john B
Quit Claim Deed
related
—
Nov 15, 2004
—
John B Kirk
Kirk,john E & Edith B
Quit Claim Deed
related
—
Sep 9, 1999
$1,856,500
Heritage Heatherstone INC
Kirk,john E
Grant Deed
—
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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