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Property profile & analytics
OFF-MARKET
Estimated value
$3,930,000
Apartment buildings
1722 Sherwood St, Greensboro, NC 27403-2792
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0582311
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2007
Construction
FRAME
Total area
16,632 SF
Lot
0.69 ac (30,056 SF)
Zoning code
RM-26
APN
14802
UPID
US53-0582311
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
$3.50M
Blend (final)
Blend
$3.93M
Owner & transaction history
Spartan Crossing Owner LLC · 4 yrs held
Spartan Crossing Owner LLC
since 2022
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
RM-26 · Greensboro, 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 Greensboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greensboro 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
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,355,000
Current use
RETAIL STORES
$3,835,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.93M
Range $3.54M – $4.32M · ±10% · vs last sale $4.34M (May 5 2022)
Last sale anchor
$4.34M
May 5 2022
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
$236 / 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
$26,442
Tax year 2023
Assessed value
$1,883,800
Assessed 2023
Previous assessed
$1,883,800
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$135,300
Assessed improvement
$1,748,500
Land market value
$135,300
Improvement market value
$1,748,500
Total market value
$1,883,800
Applied tax rate
1.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Units
12
Bathrooms
36
Total area
16,632 SF
Lot
0.69 ac (30,056 SF)
Zoning code
RM-26
APN
14802
UPID
US53-0582311
Jurisdiction
GUILFORD
Zoning & alternative use
RM-26 · Greensboro, NC
Zoning RM-26 · permitted uses
RM-26 · Greensboro, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greensboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.4M
RETAIL STORES
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
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
2007
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Units
12
Bathrooms
36
Lot
0.69 ac
Current owner
From public records · entity-resolved
Spartan Crossing Owner LLC
Entity
Mailing address
2 SCHOOL ST, RYE, NY 10580-2925
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2022
$21,703,000
Spartan Crossing Owner LLC
Spartan Student Apartments LLC
Special Warranty Deed
$19,500,000 · Capital One Bank NA
May 4, 2018
—
Spartan Student Apartments LLC
—
Loan Modification
related
$13,350,000 · First Nat'l Bk/pa
Aug 22, 2005
$48,700
Allen R Sharpe
Larry J Barnes
Trustees Deed
related
—
Apr 23, 2003
—
Efrem Z Boyd
Boyd,efrem Z
Quit Claim Deed
related
—
Apr 23, 2003
$55,000
Larry J Barnes
Boyd,efrem Z
Grant Deed
—
—
—
Sharpe Holdings LLC
—
Deed Of Trust
$1,025,000 · First National Bank
—
—
Sharpe Holdings LLC
—
Deed Of Trust
related
$75,000 · Communityone Bank
—
—
Sharpe Holdings LLC
—
Deed Of Trust
related
$250,000 · Southern Community Bank
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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