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Property profile & analytics
OFF-MARKET
Estimated value
$107,840,000
Garden apartment buildings
1000 Carters Crk Ct, Morrisville, NC 27560
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-1182294
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2000
Construction
FRAME
Total area
18,900 SF
Lot
32.58 ac (1,419,185 SF)
Zoning code
HDR
APN
0755.14-32-3515 0250833
UPID
US53-1182294
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
$98.48M
Blend (final)
Blend
$107.84M
Owner & transaction history
Sreit 1000 Henrico Lane LLC · 4 yrs held
Sreit 1000 Henrico Lane LLC
since 2021
Last sale
$101.0M
5 recorded transactions
Zoning & alternative use
HDR · Morrisville, 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 Morrisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrisville 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
$130,880,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$107.84M
Range $97.06M – $118.62M · ±10% · vs last sale $101.00M (Nov 12 2021)
Last sale anchor
$101.00M
Nov 12 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
$5,706 / 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
$675,569
Tax year 2023
Assessed value
$62,700,047
Assessed 2023
Previous assessed
$62,700,047
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$12,920,000
Assessed improvement
$49,780,047
Land market value
$12,920,000
Improvement market value
$49,780,047
Total market value
$62,700,047
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
2000
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
20
Total area
18,900 SF
Lot
32.58 ac (1,419,185 SF)
Zoning code
HDR
APN
0755.14-32-3515 0250833
UPID
US53-1182294
Jurisdiction
WAKE
Zoning & alternative use
HDR · Morrisville, NC
Zoning HDR · permitted uses
HDR · Morrisville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morrisville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
20
Lot
32.58 ac
Current owner
From public records · entity-resolved
Sreit 1000 Henrico Lane LLC
Entity
Free & Clear · 4 yrs held
Mailing address
400 GALLERIA PKWY SE STE #1450, ATLANTA, GA 30339-5989
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2021
$101,000,000
Sreit 1000 Henrico Lane LLC
Priii Rtp8 Oaks At Weston Owner LLC
Special Warranty Deed
—
Nov 9, 2018
—
Priii Rtp8 Oaks At Weston Ow
Priii Rtp8 Raleigh Hldgs LLC
Quit Claim Deed
related
—
Oct 30, 2014
—
Lsref3 Bravo Raleigh LLC
—
Loan Modification
related
$259,162,000 · Berkadia Com'l Mtg
Oct 10, 2014
$60,506,500
Lsref3 Bravo Raleigh LLC
G & I Vi Oaks At Weston LP
Grant Deed
$1,353,483,649 · * Other Institutional Lenders
Mar 7, 2008
$42,775,000
G Weston
Udr Of Nc
Grant Deed
$1,324,000,000 · Red Mortgage Capital INC
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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