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Property profile & analytics
OFF-MARKET
Estimated value
$2,235,000
Garden apartment buildings
888 Sears St Kannapolis, NC 28083
Entity Owned
12-yr Hold
Property ID
US53-2522923
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2015
Construction
WOOD
Total area
19,718 SF
Lot
10.92 ac (475,849 SF)
Zoning code
RV
APN
5623 13 4245
UPID
US53-2522923
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
$2.57M
Blend (final)
Blend
$2.24M
Owner & transaction history
Autumn Crest Apartments LLC · 12 yrs held
Autumn Crest Apartments LLC
since 2013
7 recorded transactions
Zoning & alternative use
RV · Kannapolis, 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 Kannapolis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kannapolis 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
$2.24M
Range $2.01M – $2.46M · ±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
$113 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$77,017
Tax year 2024
Assessed value
$6,782,620
Assessed 2024
Previous assessed
$2,806,880
+141.6% YoY
Effective rate
1.14%
On assessed value
Assessed land
$340,750
Assessed improvement
$6,441,870
Land market value
$340,750
Improvement market value
$6,441,870
Total market value
$6,782,620
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
Construction
WOOD
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
5
Stories
3
Units
18
Bathrooms
4
Total area
19,718 SF
Lot
10.92 ac (475,849 SF)
Zoning code
RV
APN
5623 13 4245
UPID
US53-2522923
Jurisdiction
CABARRUS
Zoning & alternative use
RV · Kannapolis, NC
Zoning RV · permitted uses
RV · Kannapolis, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kannapolis. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2015
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Buildings
5
Units
18
Bathrooms
4
Lot
10.92 ac
Current owner
From public records · entity-resolved
Autumn Crest Apartments LLC
Entity
Mailing address
PO BOX 395, JAMESTOWN, NC 27282-0395
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2016
—
Autumn Crest Apartments LLC
—
Deed
related
$2,410,900 · P R Mtg & Inv
Oct 3, 2014
—
Autumn Crest Apartments LLC
—
Grant Deed
related
$8,200,000 · Carolina Bk
Oct 31, 2013
$811,000
Autumn Crest Apartments LLC
Overcash Ronald G Trust
Warranty Deed
—
Oct 31, 2013
—
Autumn Crest Apartments LLC
Overcash Ronald G Trust
Grant Deed
related
$770,189 · Florida Housing Finance Agency
Dec 2, 2008
—
Ronald G Overcash
Wyrick,howard V & Faye C
Warranty Deed
related
—
—
—
Autumn Crest Apartments LLC
—
Deed Of Trust
related
$500,000 · Mid-atlantic Foundation
—
—
Autumn Crest Apartments LLC
—
Deed Of Trust
related
$707,852 · Housing Fin Agcy
—
—
Autumn Crest Apartments LLC
—
Deed Of Trust
related
$2,410,900 · P R Mtg & Inv
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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