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Property profile & analytics
OFF-MARKET
Estimated value
$4,980,000
Garden apartment buildings
Sugar Crk Rd, Charlotte, NC 28269
Entity Owned
7-yr Hold
Free & Clear
Property ID
US53-3446491
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2021
Total area
14,460 SF
Lot
9.27 ac (403,714 SF)
Zoning code
R4
APN
8906439
UPID
US53-3446491
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
$5.31M
Blend (final)
Blend
$4.98M
Owner & transaction history
Sugar Creek Housing LLC · 7 yrs held
Sugar Creek Housing LLC
since 2019
5 recorded transactions
Zoning & alternative use
R4 · 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
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
$4.98M
Range $4.48M – $5.48M · ±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
$344 / 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
$102,386
Tax year 2023
Assessed value
$13,958,500
Assessed 2024
Previous assessed
$14,409,400
-3.1% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,663,900
Assessed improvement
$11,294,600
Land market value
$2,663,900
Improvement market value
$11,294,600
Total market value
$13,958,500
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
2021
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
9
Stories
3
Total area
14,460 SF
Lot
9.27 ac (403,714 SF)
Zoning code
R4
APN
8906439
UPID
US53-3446491
Jurisdiction
MECKLENBURG
Zoning & alternative use
R4 · Charlotte, NC
Zoning R4 · permitted uses
R4 · 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
2021
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
9
Lot
9.27 ac
Current owner
From public records · entity-resolved
Sugar Creek Housing LLC
Entity
Free & Clear · 7 yrs held
Mailing address
4600 PARK RD STE #390, CHARLOTTE, NC 28209-3670
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2019
$1,500,000
Sugar Creek Housing LLC
Royal Properties LLC
Grant Deed
—
Oct 3, 2005
$2,100
City Of Charlotte
Royal Properties LLC
Warranty Deed
related
—
Apr 15, 2005
—
Royal Properties LLC
Atlantic Mechanical INC
Warranty Deed
—
Oct 5, 2004
$400,000
Atlantic Mechanical INC
Rudolph,curtis F & Elizabeth Q
Warranty Deed
—
Jul 15, 2004
$200,000
Royal Properties LLC
1030
Warranty 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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