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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Garden apartment buildings
115 Sweet Lilac Ln Mount Airy, NC 27030-6374
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-0019527
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1969
Total area
4,551 SF
Lot
1.46 ac (63,598 SF)
Zoning code
RR
APN
5918-04-83-6829
UPID
US53-0019527
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
$685k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$516k
Blend (final)
Blend
$505k
Owner & transaction history
Wp Investments Of Nc LLC · 4 yrs held
Wp Investments Of Nc LLC
since 2021
Last sale
$500,000
1 recorded transaction
Zoning & alternative use
RR · Mount Airy, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$485,000
+22.7%
Auto repair, garage
$460,000
+17.0%
Retail stores
$445,000
+12.4%
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 Mount Airy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Airy 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
$685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$395,000
Current use
COMMERCIAL (GENERAL)
$485,000
Change: +23% · Conversion: Moderate
AUTO REPAIR, GARAGE
$460,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$445,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$405,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $500k (Dec 15 2021)
Last sale anchor
$500k
Dec 15 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
$111 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$2,890
Tax year 2024
Assessed value
$371,070
Assessed 2024
Previous assessed
$371,070
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$26,280
Assessed improvement
$344,790
Land market value
$26,280
Improvement market value
$344,790
Total market value
$371,070
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
1969
Heating
BASEBOARD
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
4,551 SF
Lot
1.46 ac (63,598 SF)
Zoning code
RR
APN
5918-04-83-6829
UPID
US53-0019527
Jurisdiction
SURRY
Zoning & alternative use
RR · Mount Airy, NC
Zoning RR · permitted uses
RR · Mount Airy, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mount Airy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$395,000
COMMERCIAL (GENERAL)
Est. value
$485,000
AUTO REPAIR, GARAGE
Est. value
$460,000
RETAIL STORES
Est. value
$445,000
MEDICAL BUILDING
Est. value
$405,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1969
Heating
BASEBOARD
Cooling
Yes
Stories
2
Buildings
2
Lot
1.46 ac
Current owner
From public records · entity-resolved
Wp Investments Of Nc LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 994, PILOT MOUNTAIN, NC 27041-0994
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2021
$500,000
Wp Investments Of Nc LLC
Ricky L Shinault
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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