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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Garden apartment buildings
1200 Springview Trl Garner, NC 27529-3485
Individually Owned
19-yr Hold
Free & Clear
Property ID
US53-1689876
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1973
Construction
FRAME
Total area
5,196 SF
Lot
3.31 ac (144,184 SF)
Zoning code
MF-A
APN
1701.16-82-8915 0083019
UPID
US53-1689876
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
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$570k
Owner & transaction history
Frances P Hobbs · 19 yrs held
Frances P Hobbs
since 2006
3 recorded transactions
Zoning & alternative use
MF-A · Garner, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The MF-A district is intended to primarily accommodate neighborhood scale multifamily dwellings, including duplexes, lower unit count townhomes, and other housing scale multifamily products. Multifamily dwellings in this district are low impact and can fit into existing single family neighborhoods without excessive disruption of the character of the neighbor…
Zone name
Multifamily A
General category
RESIDENTIAL
Zone area
749.68 ac
Source
Realmo
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 Garner submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garner 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
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$110 / 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
$55,814
Tax year 2023
Assessed value
$4,272,146
Assessed 2023
Previous assessed
$4,272,146
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$1,344,000
Assessed improvement
$2,928,146
Land market value
$1,344,000
Improvement market value
$2,928,146
Total market value
$4,272,146
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
1973
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
6
Rooms
228
Total area
5,196 SF
Lot
3.31 ac (144,184 SF)
Zoning code
MF-A
APN
1701.16-82-8915 0083019
UPID
US53-1689876
Jurisdiction
WAKE
Zoning & alternative use
MF-A · Garner, NCZoning MF-A · permitted uses
MF-A · Garner, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The MF-A district is intended to primarily accommodate neighborhood scale multifamily dwellings, including duplexes, lower unit count townhomes, and other housing scale multifamily products. Multifamily dwellings in this district are low impact and can fit into existing single family neighborhoods without excessive disruption of the character of the neighborhood.
Zone name
Multifamily A
General category
RESIDENTIAL
Zone area
749.68 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1973
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
6
Rooms
228
Lot
3.31 ac
Current owner
From public records · entity-resolved
Frances P Hobbs
Individual
Free & Clear · 19 yrs held
Mailing address
5862 FARINGDON PL STE #1, RALEIGH, NC 27609-4582
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2006
—
Frances P Hobbs
Woodridge Investment LLC
Warranty Deed
related
—
Feb 19, 2002
—
Woodridge Investment LLC
Woodridge Invest
Quit Claim Deed
related
—
—
—
Schrader Family LP
—
Loan Modification
related
—
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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