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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
High-rise multifamily apartments
1519 Lipscomb E Rd Wilson, NC 27893-5677
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US53-4225992
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2018
Total area
7,283 SF
Lot
14.9 ac (649,044 SF)
APN
3731-09-3538.000
UPID
US53-4225992
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
Current use
Occupant on record · Public records
-
Abbington Crossing Apartment Building
-
Abbington Crossing Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
$845k
Comparable Approach
Comparable
$823k
Blend (final)
Blend
$780k
Owner & transaction history
Wilson Abbington Crossing LLC · 10 yrs held
Wilson Abbington Crossing LLC
since 2016
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$805,000
+58.6%
Restaurant
$775,000
+53.0%
Commercial (general)
$650,000
+27.8%
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 Wilson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilson 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
$520,000
CAP Approach
CAP Return
Estimation
6%
$915,000
6.5%
$845,000
7%
$785,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$510,000
Current use
AUTO REPAIR, GARAGE
$805,000
Change: +59% · Conversion: Difficult
RESTAURANT
$775,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$650,000
Change: +28% · Conversion: Moderate
OFFICE BUILDING
$650,000
Change: +28% · Conversion: Moderate
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$107 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$51,219
Tax year 2021
Assessed value
$4,361,521
Assessed 2024
Previous assessed
$3,924,829
+11.1% YoY
Effective rate
1.17%
On assessed value
Assessed land
$302,965
Assessed improvement
$4,058,556
Land market value
$302,965
Improvement market value
$4,058,556
Total market value
$4,361,521
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
2018
Heating
HEAT PUMP
Total area
7,283 SF
Lot
14.9 ac (649,044 SF)
APN
3731-09-3538.000
UPID
US53-4225992
Jurisdiction
WILSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$510,000
AUTO REPAIR, GARAGE
Est. value
$805,000
RESTAURANT
Est. value
$775,000
COMMERCIAL (GENERAL)
Est. value
$650,000
OFFICE BUILDING
Est. value
$650,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE 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
2018
Heating
HEAT PUMP
Lot
14.9 ac
Current owner
From public records · entity-resolved
Wilson Abbington Crossing LLC
Entity
Mailing address
2964 PEACHTREE RD NW STE #200, ATLANTA, GA 30305-2119
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2020
—
Wilson Abbington Crossing LLC
—
Deed
related
$184,000 · Orix Real Estate Capital LLC
Aug 22, 2017
—
Wilson Abbington Crossing LLC
—
Deed
related
$3,686,700 · Lancaster Pollard Mortgage Co LLC
Jul 29, 2016
$101,000
Wilson Abbington Crossing LLC
Donald Voss
Special Warranty Deed
$95,950 · North Carolina Housing Finance Agen
Sep 26, 2012
$88,946
Wells Fargo Bank
Ron Q Horne
Trustees Deed
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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