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Property profile & analytics
OFF-MARKET
Garden apartment buildings
4650 Hackberry Grv Cir, Charlotte, NC 28269-1467
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1921418
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1998
Total area
19,296 SF
Lot
36.03 ac (1,569,336 SF)
Zoning code
R12MFCD
APN
4309208
UPID
US53-1921418
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
by Request
Owner & transaction history
Mainstay Addison Park LP · 4 yrs held
Mainstay Addison Park LP
since 2022
Last sale
$113.5M
7 recorded transactions
Zoning & alternative use
R12MFCD · 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
—
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
$604,807
Tax year 2023
Assessed value
$82,455,000
Assessed 2024
Previous assessed
$82,845,000
-0.5% YoY
Effective rate
0.73%
On assessed value
Assessed land
$16,377,900
Assessed improvement
$66,077,100
Land market value
$16,377,900
Improvement market value
$66,077,100
Total market value
$82,455,000
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
1998
Heating
STEAM
Cooling
CENTRAL
Buildings
24
Stories
3
Total area
19,296 SF
Lot
36.03 ac (1,569,336 SF)
Zoning code
R12MFCD
APN
4309208
UPID
US53-1921418
Jurisdiction
MECKLENBURG
Zoning & alternative use
R12MFCD · Charlotte, NC
Zoning R12MFCD · permitted uses
R12MFCD · 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
1998
Heating
STEAM
Cooling
Yes
Stories
3
Buildings
24
Lot
36.03 ac
Current owner
From public records · entity-resolved
Mainstay Addison Park LP
Entity
Mailing address
PO BOX 4900, SCOTTSDALE, AZ 85261-4900
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2022
$113,500,000
Mainstay Addison Park LP
6225 Hc Holdings LLC
Special Warranty Deed
$28,355,000 · First Cbre Multifamily Capital INC
Aug 17, 2020
$75,500,000
6225 Hc Holdings LLC
Xii Addison Pk Charlotte Wrpv
Grant Deed
$49,075,000 · Newmark Knight Frank
Apr 16, 2019
—
Wrpv Xiii Ag Charlotte LP
—
Deed
related
$32,817,000 · Newmark Knight Frank
Jan 26, 2016
$51,900,000
Wrpv Xii Addison Park Charlott
Hart Addison Park LLC
Grant Deed
$38,200,000 · Bank Of America
Jun 30, 2010
$33,300,000
Hart Addison Park LLC
Addison Park LLC
Grant Deed
—
Dec 28, 2009
—
Addison Park LLC
—
Deed Of Trust
related
$60,000,000 · Wachovia Bank NA
Oct 4, 2005
$14,500,000
Addison Park LLC
Phoenix Life Insurance
Warranty Deed
—
Jun 12, 1997
$561,500
North Charlotte Limited
Phoenix Home Lif
Grant Deed
—
Aug 9, 1995
—
Timothy Brown
—
Deed Of Trust
related
$31,253 · Nationsbank
—
—
Wrpv Xiii Ag Charlotte LP
—
Deed Of Trust
related
$32,817,000 · Newmark Knight Frank
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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