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Property profile & analytics
OFF-MARKET
Estimated value
$70,910,000
Garden apartment buildings
6515 Dupont Dr, Charlotte, NC 28217-2289
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-1733672
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2001
Total area
24,450 SF
Lot
22.52 ac (980,928 SF)
Zoning code
O1
APN
16925113
UPID
US53-1733672
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
$70.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$70.91M
Owner & transaction history
Ashford Place LP · 1 yrs held
Ashford Place LP
since 2024
Last sale
$70.9M
7 recorded transactions
Zoning & alternative use
O1 · 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
$70,910,000
ML approach
$70,910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$70.91M
Range $63.82M – $78.00M · ±10% · vs last sale $70.91M (Nov 6 2024)
Last sale anchor
$70.91M
Nov 6 2024
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
$2,900 / 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
$355,552
Tax year 2023
Assessed value
$48,473,400
Assessed 2024
Previous assessed
$50,768,100
-4.5% YoY
Effective rate
0.73%
On assessed value
Assessed land
$5,709,900
Assessed improvement
$42,763,500
Land market value
$5,709,900
Improvement market value
$42,763,500
Total market value
$48,473,400
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
2001
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
12
Stories
3
Total area
24,450 SF
Lot
22.52 ac (980,928 SF)
Zoning code
O1
APN
16925113
UPID
US53-1733672
Jurisdiction
MECKLENBURG
Zoning & alternative use
O1 · Charlotte, NC
Zoning O1 · permitted uses
O1 · 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
2001
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Buildings
12
Lot
22.52 ac
Current owner
From public records · entity-resolved
Ashford Place LP
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX A3878, CHICAGO, IL 60690-3878
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2024
$70,908,000
Ashford Place LP
Breit Mf Ashford Place LLC
Special Warranty Deed
—
Sep 11, 2019
—
Breit Mf Ashford Place LLC
—
Grant Deed
related
$460,309,000 · Wells Fargo Bk
Jul 24, 2019
$69,000,000
Breit Mf Ashford Place LLC
Roc III Nc Ashford Place LLC
Grant Deed
—
Jun 28, 2016
$48,800,000
Roc III Nc Ashford Place LLC
Ashford Place Apartments LLC
Special Warranty Deed
—
Sep 29, 2014
—
Ashford Place Apartments LLC
Ashford Spe LLC
Quit Claim Deed
—
Dec 27, 2005
—
Ashford Spe LLC
Cdc Pineville LLC
Warranty Deed
$13,000,000 · Deutsche Bank Mortgage Capital LLC
Sep 21, 1999
$1,075,000
Cdc,pineville LLC
Gellman,burton A
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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