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Property profile & analytics
OFF-MARKET
Estimated value
$11,650,000
Specialty properties
900 Lynn St, Charlotte, NC 28208
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-0094148
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1973
Total area
960 SF
Lot
0.29 ac (12,696 SF)
Zoning code
R-22MF
APN
6303504
UPID
US53-0094148
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
$11.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.65M
Owner & transaction history
Lynnwood Garden Apartments LLC · 2 yrs held
Lynnwood Garden Apartments LLC
since 2024
Last sale
$11.7M
6 recorded transactions
Zoning & alternative use
R-22MF · 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
$11,650,000
ML approach
$11,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.65M
Range $10.49M – $12.82M · ±10% · vs last sale $11.65M (May 2 2024)
Last sale anchor
$11.65M
May 2 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
$12,135 / 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
$491
Tax year 2023
Assessed value
$66,900
Assessed 2024
Previous assessed
$71,900
-7.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$61,000
Assessed improvement
$5,900
Land market value
$61,000
Improvement market value
$5,900
Total market value
$66,900
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1973
Heating
BASEBOARD
Cooling
NONE
Stories
1
Total area
960 SF
Lot
0.29 ac (12,696 SF)
Zoning code
R-22MF
APN
6303504
UPID
US53-0094148
Jurisdiction
MECKLENBURG
Zoning & alternative use
R-22MF · Charlotte, NC
Zoning R-22MF · permitted uses
R-22MF · 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
1973
Heating
BASEBOARD
Cooling
Yes
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Lynnwood Garden Apartments LLC
Entity
Mailing address
903 W LYNN ST APT M, CHARLOTTE, NC 28208-2287
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2025
—
Lynnwood Garden Apartments LLC
—
Deed
related
$10,300,000 · United Bank
May 2, 2024
$11,650,000
Lynnwood Garden Apartments LLC
Ravenwood Hills Apartments LLC
Special Warranty Deed
$19,361,653 · Mortgage Funding 06 LLC
Nov 11, 2004
$20,000
Heritage Investments Of Nc LLC
Robinson,william G & Kate W
Warranty Deed
—
Nov 11, 2004
—
William G Robinson
Ravenwood Hills Apartments LLC
Warranty Deed
related
—
Mar 15, 1996
—
Ravenwood Hills Apartments
Ravenwood Hills
Quit Claim Deed
related
—
—
—
Ravenwood Hills Apartments LLC
—
Deed Of Trust
related
$150,000 · Branch Banking & Trust Co
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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