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Property profile & analytics
OFF-MARKET
Estimated value
$12,370,000
High-rise multifamily apartments
Charlotte, NC 28202
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-1032469
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1956
Total area
603,986 SF
Lot
1.47 ac (64,120 SF)
Zoning code
B1
APN
12517402
UPID
US53-1032469
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
$10.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.13M
Blend (final)
Blend
$12.37M
Owner & transaction history
Ushan 711 East Morehead Prop Owner · 5 yrs held
Ushan 711 East Morehead Prop Owner
since 2021
Last sale
$11.0M
6 recorded transactions
Zoning & alternative use
B1 · 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
$12,915,000
ML approach
$10,815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.37M
Range $11.13M – $13.61M · ±10% · vs last sale $11.00M (Jul 2 2021)
Last sale anchor
$11.00M
Jul 2 2021
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
$20 / 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
$794,928
Tax year 2023
Assessed value
$108,374,600
Assessed 2024
Previous assessed
$39,466,100
+174.6% YoY
Effective rate
0.73%
On assessed value
Assessed land
$11,021,200
Assessed improvement
$97,353,400
Land market value
$11,021,200
Improvement market value
$97,353,400
Total market value
$108,374,600
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1956
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Rooms
4
Total area
603,986 SF
Lot
1.47 ac (64,120 SF)
Zoning code
B1
APN
12517402
UPID
US53-1032469
Jurisdiction
MECKLENBURG
Zoning & alternative use
B1 · Charlotte, NC
Zoning B1 · permitted uses
B1 · 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
1956
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Rooms
4
Lot
1.47 ac
Current owner
From public records · entity-resolved
Ushan 711 East Morehead Prop Owner
Individual
Mailing address
1780 S POST OAK LN, HOUSTON, TX 77056-3748
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2025
—
Ushan 711 East Morehead Property Ow
—
Deed
related
$79,800,000 · Us Bank NA
Jul 2, 2021
$11,000,000
Ushan 711 East Morehead Prop Owner
Roll Triple Sevens LLC
Special Warranty Deed
$78,743,841 · Wells Fargo Bank NA
Oct 17, 2016
—
Roll Triple Sevens LLC
—
Deed
related
$10,400,000 · Wells Fargo Bk
Jul 28, 2015
$3,800,000
Roll Triple Sevens LLC
Kennington Family LLC
Warranty Deed
$3,000,000 · J C Faulkner
Jan 19, 1996
—
Kennington Family Limited
Kennington,famil
Quit Claim Deed
related
—
—
—
Roll Triple Sevens LLC
—
Deed Of Trust
related
$10,400,000 · Wells Fargo Bk
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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