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Property profile & analytics
OFF-MARKET
Estimated value
$2,745,000
High-rise multifamily apartments
409 Godwin St Marshville, NC 28103-1480
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1686857
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1965
Construction
WOOD
Total area
2,889 SF
Lot
0.71 ac (30,971 SF)
Zoning code
R/MST MARSHVILLE
APN
02-305-058
UPID
US53-1686857
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
$2.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.75M
Owner & transaction history
1008 Holdings 2022 LLC · 4 yrs held
1008 Holdings 2022 LLC
since 2022
Last sale
$3.1M
6 recorded transactions
Zoning & alternative use
R/MST MARSHVILLE · Marshville, 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 Marshville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marshville 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
$2,425,000
ML approach
$2,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.75M
Range $2.47M – $3.02M · ±10% · vs last sale $3.13M (Apr 28 2022)
Last sale anchor
$3.13M
Apr 28 2022
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
$950 / 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
$771
Tax year 2023
Assessed value
$67,300
Assessed 2023
Previous assessed
$67,300
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$20,700
Assessed improvement
$46,600
Land market value
$20,700
Improvement market value
$46,600
Total market value
$67,300
Applied tax rate
418.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1965
Construction
WOOD
Heating
YES
Stories
1
Bathrooms
1
Total area
2,889 SF
Lot
0.71 ac (30,971 SF)
Zoning code
R/MST MARSHVILLE
APN
02-305-058
UPID
US53-1686857
Jurisdiction
UNION
Zoning & alternative use
R/MST MARSHVILLE · Marshville, NC
Zoning R/MST MARSHVILLE · permitted uses
R/MST MARSHVILLE · Marshville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marshville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Construction
WOOD
Heating
YES
Stories
1
Bathrooms
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
1008 Holdings 2022 LLC
Entity
Mailing address
12645 OXFORDSHIRE CT, ALPHARETTA, GA 30005-7431
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2022
$3,128,000
1008 Holdings 2022 LLC
Iris Holdings Of Florida LLC
Warranty Deed
$2,502,400 · Citizens Bank
Nov 8, 2021
$2,050,500
Iris Holdings Of Florida LLC
Thor Bridge LLC
Warranty Deed
$1,640,000 · Cnb Bank
Mar 16, 2020
—
Thor Bridge LLC
—
Deed
related
$623,000 · Red Star Mortgage Corp
Dec 17, 2012
$799,500
Red Rooster Properties LLC
K & J Properties LLC
Warranty Deed
—
Apr 3, 2003
—
Roy C Sutton
Sutton Rentals I
Quit Claim Deed
related
—
Feb 5, 2002
—
Sutton Rentals INC
Sutton,roy 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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