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Property profile & analytics
OFF-MARKET
Estimated value
$2,975,000
Garden apartment buildings
640 Parkaire Ln, Charlotte, NC 28217-2475
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-2162896
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1998
Total area
28,974 SF
Lot
20.11 ac (875,817 SF)
Zoning code
R17MF
APN
14317312
UPID
US53-2162896
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
$2.49M
Blend (final)
Blend
$2.98M
Owner & transaction history
Banner Parkside LLC · 8 yrs held
Banner Parkside LLC
since 2017
4 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.98M
Range $2.68M – $3.27M · ±10%
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
$103 / 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
$386,361
Tax year 2023
Assessed value
$52,673,600
Assessed 2024
Previous assessed
$54,379,400
-3.1% YoY
Effective rate
0.73%
On assessed value
Assessed land
$5,150,000
Assessed improvement
$47,523,600
Land market value
$5,150,000
Improvement market value
$47,523,600
Total market value
$52,673,600
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
HEAT PUMP
Cooling
CENTRAL
Buildings
13
Stories
3
Total area
28,974 SF
Lot
20.11 ac (875,817 SF)
Zoning code
R17MF
APN
14317312
UPID
US53-2162896
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
1998
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Buildings
13
Lot
20.11 ac
Current owner
From public records · entity-resolved
Banner Parkside LLC
Entity
Mailing address
570 LK COOK RD STE #325, DEERFIELD, IL 60015-4977
Ownership since
2017
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
Aug 21, 2017
$43,400,000
Banner Parkside LLC
Carlyle Centennial Parkside Ll
Grant Deed
$30,634,000 · Walker & Dunlop
Dec 11, 2007
$32,200,000
Carlyle Centennial Parkside Ll
USA Parkside 1 LLC
Grant Deed
$156,734 · Anglo Irish Bank Corp Plc
Oct 20, 2004
$20,500,000
USA Parkside 1 LLC
Charlotte Wellington Ptrs
Grant Deed
$14,280,000 · Pnc Bank
Aug 12, 1999
$20,400,000
Wellington Partn Charlotte
The Spanos Corp
Grant 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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