Financial
Distress signals
Property profile

4240 The Plz Charlotte, NC 28205

OFF-MARKET
Garden apartment buildings
Property ID
US53-2014123
15,576 SF 1.44 ac lot Built 1985
Last sale Jul 2021 · $1,900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Located at 4240 The Plaza in Charlotte, North Carolina, the property is an apartment building with 24 one-bedroom, one-bath units. The building configuration supports individual dwelling units, with all units occupied except for the unit typically used for showings. The site has potential for redevelopment in accordance with applicable development standards, including the possibility of adding up to 9 additional units to the existing structure or, alternatively, removing the current improvements to support a new development of approximately 35 units.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$14k
Tax billed · 2023
Assessed value · 2024$1.95M
Assessed land$962k
Assessed improvement$985k
Effective rate0.73%

Value estimate

· Sep 2026
$2.23M
$2.01M – $2.45M
AI approach$2.36M
CAP approach$2.90M
Submarket $/SF estimate$2.56M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$481/SF
ZIP average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$164 – $941

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R-22MF
JurisdictionMECKLENBURG

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm19.4
Realty agency14.7
HVAC Service11.6

Location

4240 The Plz Charlotte, NC 28205-1404
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1638 Chippendale, Charlotte, NC 28205-7200 $14,850,000 Dec 2025 12,528 SF
1400 Wembley, Charlotte, NC 28205-5534 $3,568,500 Nov 2022 15,940 SF
1713 Eastcrest, Charlotte, NC 28205-0448 $2,116,500 Nov 2022 11,984 SF
1637 Eastcrest, Charlotte, NC 28205-5738 $3,400,000 Nov 2022 21,308 SF
1431 Briar Crk, Charlotte, NC 28205-5583 $14,815,000 Sep 2022 20,052 SF
3401 Biscayne, Charlotte, NC 28205-5681 $9,450,000 Jul 2022 10,356 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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