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Property profile & analytics
OFF-MARKET
Estimated value
$35,635,000
Garden apartment buildings
605 Jetton St, Davidson, NC 28036-9335
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-2687061
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2015
Total area
158,502 SF
Lot
3.4 ac (148,148 SF)
Zoning code
LPA
APN
321401
UPID
US53-2687061
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
Current use
Occupant on record · Public records
-
The Linden Apartments Apartment Complex Apartment Building
-
77 Grounds Coffee Cafe & Coffee Shop
-
Digital Rain Marketing & Advertising
-
Hop & Vine Davidson Bar & Pub
-
MINE by Sandy Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$35.64M
Owner & transaction history
Cr Linden LLC · 1 yrs held
Cr Linden LLC
since 2025
Last sale
$49.5M
7 recorded transactions
Zoning & alternative use
LPA · Davidson, 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 Davidson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davidson 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
$45,425,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$35.64M
Range $32.07M – $39.20M · ±10% · vs last sale $49.50M (Jan 15 2025)
Last sale anchor
$49.50M
Jan 15 2025
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
$225 / 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
$251,523
Tax year 2023
Assessed value
$34,031,000
Assessed 2024
Previous assessed
$34,201,700
-0.5% YoY
Effective rate
0.74%
On assessed value
Assessed land
$4,131,500
Assessed improvement
$29,899,500
Land market value
$4,131,500
Improvement market value
$29,899,500
Total market value
$34,031,000
Applied tax rate
3.0000
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
2015
Heating
NONE
Cooling
AC.PACKAGE
Buildings
3
Stories
3
Total area
158,502 SF
Lot
3.4 ac (148,148 SF)
Zoning code
LPA
APN
321401
UPID
US53-2687061
Jurisdiction
MECKLENBURG
Zoning & alternative use
LPA · Davidson, NC
Zoning LPA · permitted uses
LPA · Davidson, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Davidson. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2015
Heating
NONE
Cooling
Yes
Stories
3
Buildings
3
Lot
3.4 ac
Current owner
From public records · entity-resolved
Cr Linden LLC
Entity
Mailing address
1111 HAYNES ST STE #203, RALEIGH, NC 27604-1454
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2025
—
Cr Linden LLC
Bh3 Linden Davidson LLC
Deed
related
$29,116,000 · Walker & Dunlop LLC
Jan 15, 2025
$49,500
Cr Linden LLC
Bh3 Linden Davidson LLC
Special Warranty Deed
—
Dec 14, 2018
$28,500,000
Bh3 Linden Davidson LLC
Jetton Apartments LLC
Grant Deed
—
Dec 14, 2018
—
Bh3-linden Davidson LLC
Jetton Apartments LLC
Quit Claim Deed
related
—
May 6, 2015
$3,050,000
Jetton Apartments LLC
Little Gate LLC
Grant Deed
—
May 20, 2004
$275,000
Little Gate LLC
Seq LLC
Warranty Deed
—
Feb 25, 1999
—
Seq,llc
Parham,lewis H J
Grant Deed
related
—
Jan 4, 1999
$175,400
Davidson Gateway LLC
Kennerly,develop
Grant Deed
—
Dec 20, 1996
—
Southeast,quadrant LLC
Southeast,quadra
Quit Claim 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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