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Property profile & analytics
OFF-MARKET
Estimated value
$14,950,000
Garden apartment buildings
3515 Arsenal Ct, Charlotte, NC 28273-3996
Entity Owned
20-yr Hold
Free & Clear
Property ID
US53-5733506
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2007
Total area
12,276 SF
Lot
8.05 ac (350,484 SF)
Zoning code
MUDDO
APN
20309106
UPID
US53-5733506
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
$18.44M
Blend (final)
Blend
$14.95M
Owner & transaction history
Colonial Realty · 20 yrs held
Colonial Realty
since 2006
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.95M
Range $13.46M – $16.45M · ±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
$1,218 / 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
$253,288
Tax year 2023
Assessed value
$34,531,400
Assessed 2024
Previous assessed
$34,531,400
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$5,464,900
Assessed improvement
$29,066,500
Land market value
$5,464,900
Improvement market value
$29,066,500
Total market value
$34,531,400
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
2007
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
10
Stories
3
Total area
12,276 SF
Lot
8.05 ac (350,484 SF)
Zoning code
MUDDO
APN
20309106
UPID
US53-5733506
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
2007
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
10
Lot
8.05 ac
Current owner
From public records · entity-resolved
Colonial Realty
Entity
Free & Clear · 20 yrs held
Mailing address
6815 POPLAR AVE STE #500, GERMANTOWN, TN 38138-0612
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2006
$4,360,000
Colonial Realty
Cambridge Partners LLC
Warranty Deed
—
May 26, 2005
—
Ayrsley Dev Corp
Bw Holdings LLC
Warranty Deed
related
—
Dec 28, 1999
$225,000
B,w Holdings LLC
49 South Ltd Par
Grant Deed
related
—
Jun 24, 1999
$335,000
Beltway Investors LLC
49 South Ltd Par
Grant Deed
—
May 5, 1999
$225,000
Ashland INC
49 South Ltd Par
Grant Deed
—
Dec 16, 1998
$64,000
Nelson M Casstevens JR.
Beltway,investor
Grant Deed
—
Nov 19, 1998
$320,000
Beltway Investors III LLC
49 South Ltd Par
Grant Deed
—
May 6, 1998
$486,500
Charles T Hodges
Hodges,charles T
Grant Deed
related
—
Nov 24, 1997
$258,500
Beltway Investors LLC
Hodges,charles T
Grant Deed
—
Oct 15, 1997
$311,000
Cambridge Partners LLC
Cambridge,partne
Grant Deed
related
—
Jul 28, 1997
—
49 South Limited Partnership
—
Deed Of Trust
related
$80,000 · Cambridge Partners LLC
Jan 24, 1997
—
49 South Limited Partnership
—
Deed Of Trust
related
$110,000 · Lincoln Bank
Aug 19, 1996
—
49 South Limited Partnership
—
Deed Of Trust
related
$192,000 · Lincoln Bank
Aug 2, 1996
—
Ngo,f LLC
—
Deed Of Trust
related
$187,500 · Central Carolina Bank & Trust
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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