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Property profile & analytics
FOR SALE
Garden apartment buildings
315 Hall Ln Pineville, NC 28134
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-1627585
For Sale
Contact for pricing
315 Hall Ln, Pineville, NC 28134
View Listing →
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1972
Total area
9,250 SF
Lot
0.88 ac (38,313 SF)
Zoning code
R7
APN
22108504
UPID
US53-1627585
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
-
Karen Court Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.83M
Owner & transaction history
Karen Court Apartments LLC · 2 yrs held
Karen Court Apartments LLC
since 2023
Last sale
$1.8M
4 recorded transactions
Zoning & alternative use
R7 · Pineville, NC
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 Pineville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pineville 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
$1,840,000
ML approach
$1,960,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±10% · vs last sale $1.75M (Oct 17 2023)
Last sale anchor
$1.75M
Oct 17 2023
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
$197 / 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
$9,592
Tax year 2023
Assessed value
$1,265,300
Assessed 2024
Previous assessed
$1,273,900
-0.7% YoY
Effective rate
0.76%
On assessed value
Assessed land
$370,000
Assessed improvement
$895,300
Land market value
$370,000
Improvement market value
$895,300
Total market value
$1,265,300
Applied tax rate
21.0000
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
For Sale
Year built
1972
Heating
STEAM
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
9,250 SF
Lot
0.88 ac (38,313 SF)
Zoning code
R7
APN
22108504
UPID
US53-1627585
Jurisdiction
MECKLENBURG
Zoning & alternative use
R7 · Pineville, NCZoning R7 · permitted uses
R7 · Pineville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
TOWN OF PINEVILLE
Building & site characteristics
From public records
Year built
1972
Heating
STEAM
Cooling
Yes
Stories
2
Buildings
2
Lot
0.88 ac
Current owner
From public records · entity-resolved
Karen Court Apartments LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 531, PINEVILLE, NC 28134-0531
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2023
$1,754,000
Karen Court Apartments LLC
Felicia Valois
Special Warranty Deed
—
Oct 17, 2023
—
Karen Court Apartments
Felicia Valois
Warranty Deed
—
Sep 13, 2021
—
Felicia Marie Long Archer
Felicia Marie Long Archer
Intrafamily Transfer
related
—
May 7, 2015
—
Long,celeste K Living Trust
Hall Karen C
Quit Claim 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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