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Property profile & analytics
OFF-MARKET
Estimated value
$45,870,000
Garden apartment buildings
820 7th St, Charlotte, NC 28202-3050
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1879316
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2009
Total area
71,746 SF
Lot
1.18 ac (51,575 SF)
Zoning code
MUDD
APN
8009602
UPID
US53-1879316
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
-
Trifecta Serviced Apartments | Room #110 Hotel & Motel Vacation Rental
-
Quarterside Deli and Market Grocery & Convenience Store Food Market
-
MG Body Space Gym & Fitness Center
-
1st Ward Beverage Company Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$45.87M
Owner & transaction history
Quarterside Apartments Owner LLC · 4 yrs held
Quarterside Apartments Owner LLC
since 2021
Last sale
$59.0M
7 recorded transactions
Zoning & alternative use
MUDD · 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
$639 / 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
$153,917
Tax year 2023
Assessed value
$20,983,900
Assessed 2024
Previous assessed
$24,027,300
-12.7% YoY
Effective rate
0.73%
On assessed value
Assessed land
$5,984,000
Assessed improvement
$14,999,900
Land market value
$5,984,000
Improvement market value
$14,999,900
Total market value
$20,983,900
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
2009
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
3
Rooms
8
Total area
71,746 SF
Lot
1.18 ac (51,575 SF)
Zoning code
MUDD
APN
8009602
UPID
US53-1879316
Jurisdiction
MECKLENBURG
Zoning & alternative use
MUDD · Charlotte, NC
Zoning MUDD · permitted uses
MUDD · 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
2009
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Rooms
8
Lot
1.18 ac
Current owner
From public records · entity-resolved
Quarterside Apartments Owner LLC
Entity
Mailing address
500 E BROWARD BLVD STE #1130, FORT LAUDERDALE, FL 33394-3022
Ownership since
2021
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
Oct 25, 2021
$59,000,000
Quarterside Apartments Owner LLC
Quarterside Cl Apartments LLC
Special Warranty Deed
$42,000,000 · Mesa West Core Lending Fund LLC
Feb 3, 2014
$31,200,000
K2i Apartments L Quarterside
Quarterside Charlotte Apartm
Grant Deed
$23,000,000 · Sun Life Assurance Co
Apr 9, 2013
—
Quarterside Charlotte Apartmen
—
Deed Of Trust
related
$21,288,508 · Pccp Capital II LLC
Oct 25, 2011
$10,052,000
Quarterside Charlotte Apartments Ll
The Ledge LLC
Special Warranty Deed
$18,550,000 · Pccp Capital II LLC
Aug 23, 2010
—
Ledge LLC
—
Deed Of Trust
related
$14,920,000 · Bank Of America
Aug 11, 2006
$1,429,000
Quarterside LLC
Kennedy,fred D SR
Deed Of Trust
$14,920,000 · Bank Of America
Jul 20, 2006
—
Fred D Kennedy SR.
First Ward Community Dev 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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