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Property profile & analytics
OFF-MARKET
Estimated value
$36,140,000
Garden apartment buildings
7500 University City Blvd, Charlotte, NC 28213
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0868739
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Total area
215,899 SF
Lot
4.79 ac (208,740 SF)
Zoning code
B2CD
APN
4923101
UPID
US53-0868739
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
$40.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$36.14M
Owner & transaction history
SR University LLC · 5 yrs held
SR University LLC
since 2020
7 recorded transactions
Zoning & alternative use
B2CD · 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%
$43,540,000
6.5%
$40,190,000
7%
$37,320,000
Blend value · Realmo final
$36.14M
Range $32.53M – $39.75M · ±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
$167 / 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
$97,184
Tax year 2023
Assessed value
$13,249,300
Assessed 2024
Previous assessed
$7,255,800
+82.6% YoY
Effective rate
0.73%
On assessed value
Assessed land
$4,335,200
Assessed improvement
$8,914,100
Land market value
$4,335,200
Improvement market value
$8,914,100
Total market value
$13,249,300
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
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
2
Total area
215,899 SF
Lot
4.79 ac (208,740 SF)
Zoning code
B2CD
APN
4923101
UPID
US53-0868739
Jurisdiction
MECKLENBURG
Zoning & alternative use
B2CD · Charlotte, NC
Zoning B2CD · permitted uses
B2CD · 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
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Lot
4.79 ac
Current owner
From public records · entity-resolved
SR University LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4 W RED OAK LN STE #325, WHITE PLAINS, NY 10604-3623
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Mar 6, 2026
—
SR Junction 49 LLC
—
Deed
related
$79,000,000 · Prime Finance Short Duration Holding Com
Aug 23, 2024
—
SR Junction 49 LLC
—
Deed
related
$77,000,000 · Macquarie Pf INC
Aug 11, 2020
$5,250,000
SR University LLC
Sanctuary Holdings Nc LLC
Warranty Deed
—
Sep 6, 2018
—
Sanctuary Holdings Nc LLC
State Of Nc
Grant Deed
—
Nov 22, 2016
—
Sanctuary Holdings Nc LLC
Sanctuary Holdings Charlotte L
Quit Claim Deed
related
—
Aug 1, 2013
—
Sanctuary At Charlotte LLC
Sanctuary Holdings Charlotte L
Quit Claim Deed
—
Aug 1, 2013
$5,985,000
Holdings Charlotte L Sanctuary
Jenkins,stephen L
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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