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Property profile & analytics
OFF-MARKET
Estimated value
$4,095,000
Garden apartment buildings
9301 Sprinkle Ln, Charlotte, NC 28273-5430
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-1571777
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1974
Total area
6,594 SF
Lot
3.17 ac (138,085 SF)
Zoning code
R17MF
APN
20318904
UPID
US53-1571777
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
$4.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.10M
Owner & transaction history
Wmi Timberstone & Greenwood LLC · 4 yrs held
Wmi Timberstone & Greenwood LLC
since 2022
Last sale
$4.0M
6 recorded transactions
Zoning & alternative use
R17MF · 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
$4,125,000
ML approach
$4,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.10M
Range $3.69M – $4.50M · ±10% · vs last sale $4.00M (Mar 29 2022)
Last sale anchor
$4.00M
Mar 29 2022
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
$621 / 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
$29,115
Tax year 2023
Assessed value
$3,969,300
Assessed 2024
Previous assessed
$3,984,400
-0.4% YoY
Effective rate
0.73%
On assessed value
Assessed land
$815,400
Assessed improvement
$3,153,900
Land market value
$815,400
Improvement market value
$3,153,900
Total market value
$3,969,300
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
Year built
1974
Heating
STEAM
Cooling
CENTRAL
Buildings
4
Stories
2
Total area
6,594 SF
Lot
3.17 ac (138,085 SF)
Zoning code
R17MF
APN
20318904
UPID
US53-1571777
Jurisdiction
MECKLENBURG
Zoning & alternative use
R17MF · Charlotte, NC
Zoning R17MF · permitted uses
R17MF · 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
1974
Heating
STEAM
Cooling
Yes
Stories
2
Buildings
4
Lot
3.17 ac
Current owner
From public records · entity-resolved
Wmi Timberstone & Greenwood LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4242 6TH FRKS RD STE #1550, RALEIGH, NC 27609-6086
Ownership since
2022
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 29, 2022
$4,000,000
Wmi Timberstone & Greenwood LLC
Mc Nc Acquisition 3 LLC
Special Warranty Deed
—
Dec 12, 2019
$3,300,000
Mc Nc Acquisition 3 LLC
Ramblelake Properties LLC
Grant Deed
$2,512,000 · Cbre Cap Markets
Jun 5, 2019
—
Ramblelake Properties LLC
—
Deed
related
$75,000 · Sohil Shah
Jul 20, 2018
$1,400,000
Ramblelake Properties LLC
Victory Christian Center INC
Grant Deed
$1,875,000 · Carolina Cap Reserve Fund I Ll
Sep 22, 2010
—
Victory Christian Center INC
Victory Christian Center INC
Quit Claim Deed
$15,460,498 · Bank Of America
—
—
Ramblelake Properties LLC
—
Deed Of Trust
related
$75,000 · Sohil Shah
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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