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Property profile & analytics
FOR SALE
Garden apartment buildings
421 Honeywood Ave, Charlotte, NC 28216
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0034884
For Sale
1 / 24
$1,750,000
421 Honeywood Ave, Charlotte, NC 28216
View Listing →
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1969
Total area
4,459 SF
Lot
0.94 ac (40,898 SF)
Zoning code
R17MF
APN
6913312
UPID
US53-0034884
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
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.27M
Owner & transaction history
Nc Honeywood Properties LLC · 4 yrs held
Nc Honeywood Properties LLC
since 2021
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
R17MF · 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
$1,470,000
ML approach
$1,645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±10% · vs last sale $1.25M (Oct 14 2021)
Last sale anchor
$1.25M
Oct 14 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
$285 / 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
$9,178
Tax year 2023
Assessed value
$1,251,300
Assessed 2024
Previous assessed
$1,265,500
-1.1% YoY
Effective rate
0.73%
On assessed value
Assessed land
$204,100
Assessed improvement
$1,047,200
Land market value
$204,100
Improvement market value
$1,047,200
Total market value
$1,251,300
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
For Sale
Year built
1969
Heating
BASEBOARD
Cooling
NONE
Buildings
3
Stories
2
Total area
4,459 SF
Lot
0.94 ac (40,898 SF)
Zoning code
R17MF
APN
6913312
UPID
US53-0034884
Jurisdiction
MECKLENBURG
Zoning & alternative use
R17MF · Charlotte, NC
Zoning R17MF · permitted uses
R17MF · 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
1969
Heating
BASEBOARD
Cooling
Yes
Stories
2
Buildings
3
Lot
0.94 ac
Current owner
From public records · entity-resolved
Nc Honeywood Properties LLC
Entity
Mailing address
138 FINGERBOARD RD, STATEN ISLAND, NY 10305-3808
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2021
$1,250,000
Nc Honeywood Properties LLC
Honeywood Apartments LLC
Warranty Deed
$937,500 · Velocity Commercial Capital LLC
Oct 14, 2021
—
Nc Honeywood Properties LLC
Honewood Apartments LLC
Intrafamily Transfer
related
—
Jun 2, 2020
$825,000
Honeywood Apartments LLC
Cor Assets LLC
Grant Deed
$1,072,500 · Bankfinancial NA
Oct 25, 2018
$615,000
Cor Assets LLC
Monroe 2012 LP
Grant Deed
$410,000 · Bankfinancial NA
May 17, 2013
$450,000
Monroe 2012 LP
Black Knight Properties II LLC
Warranty Deed
—
Sep 3, 2009
$490,000
Black Knight Properties II LLC
Chicabella Homes LLC
Warranty Deed
$395,000 · Bank Of Commerce
Jan 25, 2007
$500
Chicabella Homes LLC
Povenmire,daniel K
Quit Claim Deed
related
—
Dec 20, 2006
$515,000
Daniel K Povenmire
Perrotta,michael
Warranty Deed
$412,000 · Lasalle National Bank
Nov 2, 2004
—
Michael Perrotta
Synergy Group Investments INC
Warranty Deed
$300,000 · Silver Hill Financial LLC
Sep 3, 1999
—
Landon C Massey
—
Deed Of Trust
related
—
Sep 2, 1999
$180,000
Landon C Massey
Winchester,alber
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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