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Property profile & analytics
OFF-MARKET
High-rise multifamily apartments
401 Es Main St Waxhaw, NC 28173-7634
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-3445225
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1940
Total area
42,420 SF
Lot
6.43 ac (280,265 SF)
Zoning code
TC WAXHAW
APN
05-110-002
UPID
US53-3445225
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
West Shore Waxhaw LLC · 3 yrs held
West Shore Waxhaw LLC
since 2022
Last sale
$18.0M
7 recorded transactions
Zoning & alternative use
TC WAXHAW · Waxhaw, 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 Waxhaw submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waxhaw 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$108,165
Tax year 2023
Assessed value
$10,657,700
Assessed 2023
Previous assessed
$10,707,900
-0.5% YoY
Effective rate
1.01%
On assessed value
Assessed land
$1,411,800
Assessed improvement
$9,245,900
Land market value
$1,411,800
Improvement market value
$9,245,900
Total market value
$10,657,700
Applied tax rate
528.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1940
Heating
YES
Buildings
3
Stories
1
Total area
42,420 SF
Lot
6.43 ac (280,265 SF)
Zoning code
TC WAXHAW
APN
05-110-002
UPID
US53-3445225
Jurisdiction
UNION
Zoning & alternative use
TC WAXHAW · Waxhaw, NC
Zoning TC WAXHAW · permitted uses
TC WAXHAW · Waxhaw, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waxhaw. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1940
Heating
YES
Stories
1
Buildings
3
Lot
6.43 ac
Current owner
From public records · entity-resolved
West Shore Waxhaw LLC
Entity
Mailing address
1 INTERNATIONAL PL STE 3900TH BOSTON
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2025
—
West Shore Waxhaw LLC
—
Deed
related
$550,000 · Citi Real Estate Funding INC
Oct 13, 2022
$18,000,000
West Shore Waxhaw LLC
Waxhaw Mill Ventures LLC
Special Warranty Deed
$71,000,000 · Prime Finance Short Duration Holdin
Oct 13, 2022
—
West Shore Waxhaw LLC
Waxhaw Mill Ventures LLC
Quit Claim Deed
related
—
Jul 5, 2019
—
Waxhaw Mill Ventures LLC
—
Grant Deed
related
$23,400,000 · Grass Riv R/e Credit Ptrs Ln F
Aug 5, 2016
—
Waxhaw Mill Ventures LLC
—
Deed
related
$10,450,000 · First Niagara Bank NA
Mar 31, 2016
—
Waxhaw Mill Ventures LLC
Town Of Waxhaw Nc
Quit Claim Deed
related
—
Mar 31, 2016
$2,400,000
Waxhaw Mill Ventures LLC
1804-1814 Green Street Assocs
Grant Deed
—
Dec 8, 2015
—
1804-1814 Green Street Assocs
—
Trustees Deed
related
$81,500 · Private Individual
Oct 2, 2006
$1,900,000
1804-1814 Green Street Associates L
Renaissance Mill Properties LLC
Warranty Deed
$600,000 · Wachovia Bank NA
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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