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Property profile & analytics
OFF-MARKET
Estimated value
$1,930,000
Garden apartment buildings
4409 Rose Thorn Pl, Charlotte, NC 28217-0992
Individually Owned
3-yr Hold
Free & Clear
Property ID
US53-2226516
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1969
Total area
8,846 SF
Lot
20.29 ac (883,876 SF)
Zoning code
R17MF
APN
14520105
UPID
US53-2226516
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
$1.65M
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.93M
Owner & transaction history
South End Apartments Tic V Owner Ll · 3 yrs held
South End Apartments Tic V Owner Ll
since 2022
Last sale
$1.9M
5 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
$2,000,000
ML approach
$2,300,000
CAP Approach
CAP Return
Estimation
6%
$1,785,000
6.5%
$1,645,000
7%
$1,530,000
Blend value · Realmo final
$1.93M
Range $1.74M – $2.12M · ±10% · vs last sale $1.94M (Nov 10 2022)
Last sale anchor
$1.94M
Nov 10 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
$218 / 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
$289,639
Tax year 2023
Assessed value
$39,487,300
Assessed 2024
Previous assessed
$39,636,200
-0.4% YoY
Effective rate
0.73%
On assessed value
Assessed land
$6,919,500
Assessed improvement
$32,567,800
Land market value
$6,919,500
Improvement market value
$32,567,800
Total market value
$39,487,300
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
Off-Market
Year built
1969
Heating
BASEBOARD
Cooling
NONE
Buildings
21
Stories
2
Total area
8,846 SF
Lot
20.29 ac (883,876 SF)
Zoning code
R17MF
APN
14520105
UPID
US53-2226516
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
21
Lot
20.29 ac
Current owner
From public records · entity-resolved
South End Apartments Tic V Owner Ll
Individual
Free & Clear · 3 yrs held
Mailing address
400 BLVD OF AMERICAS UNIT #405, LAKEWOOD, NJ 08701-4787
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2022
$1,942,000
South End Apartments Tic V Owner Ll
South End Apartments Owner LLC
Special Warranty Deed
—
Sep 22, 2022
—
Spectrum Southeast LLC
South End Apartments Owner LLC
Agreement Of Sale
—
Aug 18, 2022
—
South End Apartments Owner LLC
Blx Pressley Road LLC
Warranty Deed
—
Jun 23, 2017
—
Blx Pressley Road LLC
Cp-cha Roseland LP
Grant Deed
related
$15,416,000 · Arbor Commercial Funding LLC
Dec 30, 1998
$8,200,000
Cp Cha Roseland Ltd Partne
Roseland,apartme
Grant 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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