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Property profile & analytics
OFF-MARKET
Estimated value
$3,555,000
Garden apartment buildings
4320 Park Rd Charlotte, NC 28209-2271
Entity Owned
Free & Clear
Property ID
US53-1748517
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2013
Total area
43,983 SF
Lot
1.13 ac (49,266 SF)
Zoning code
MUDDCD
APN
14920620
UPID
US53-1748517
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
$3.56M
Owner & transaction history
R59 Park At Drexel LLC
R59 Park At Drexel LLC
since 2025
4 recorded transactions
Zoning & alternative use
MUDDCD · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$81 / 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
$60,238
Tax year 2023
Assessed value
$8,212,400
Assessed 2024
Previous assessed
$8,252,900
-0.5% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,960,200
Assessed improvement
$5,252,200
Land market value
$2,960,200
Improvement market value
$5,252,200
Total market value
$8,212,400
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
2013
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
3
Rooms
5
Total area
43,983 SF
Lot
1.13 ac (49,266 SF)
Zoning code
MUDDCD
APN
14920620
UPID
US53-1748517
Jurisdiction
MECKLENBURG
Zoning & alternative use
MUDDCD · Charlotte, NC
Zoning MUDDCD · permitted uses
MUDDCD · 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
2013
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Rooms
5
Lot
1.13 ac
Current owner
From public records · entity-resolved
R59 Park At Drexel LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3605 GLENWOOD AVE STE #445, RALEIGH, NC 27612-3974
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2025
$9,200,000
R59 Park At Drexel LLC
Ccc Park At Drexel LLC
Special Warranty Deed
—
May 29, 2015
$7,175,000
Ccc Park At Drexel LLC
Park At Drexel LLC
Grant Deed
related
$5,380,000 · Everbank
Nov 20, 2012
—
Park At Drexel LLC
Walters,daniel R & Belinda P
Grant Deed
—
Nov 20, 2012
$583,500
Park At Drexel LLC
Straughn,jane Y
Warranty 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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