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Property profile & analytics
OFF-MARKET
Estimated value
$39,845,000
Garden apartment buildings
2000 Sweet Almond Dr, Holly Springs, NC 27540
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-3932767
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2021
Construction
FRAME
Total area
21,210 SF
Lot
12.87 ac (560,617 SF)
Zoning code
LB
APN
0658.03-33-6802 0052929
UPID
US53-3932767
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
by Request
Blend (final)
Blend
$39.85M
Owner & transaction history
Triangle Magnolia LLC · 2 yrs held
Triangle Magnolia LLC
since 2023
Last sale
$42.7M
4 recorded transactions
Zoning & alternative use
LB · Holly Springs, 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 Holly Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Holly Springs 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
$44,105,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$39.85M
Range $35.86M – $43.83M · ±10% · vs last sale $42.70M (Sep 15 2023)
Last sale anchor
$42.70M
Sep 15 2023
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
$1,879 / 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
$295,418
Tax year 2023
Assessed value
$27,077,471
Assessed 2023
Previous assessed
$27,077,471
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$4,998,000
Assessed improvement
$22,079,471
Land market value
$4,998,000
Improvement market value
$22,079,471
Total market value
$27,077,471
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
2021
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
24
Total area
21,210 SF
Lot
12.87 ac (560,617 SF)
Zoning code
LB
APN
0658.03-33-6802 0052929
UPID
US53-3932767
Jurisdiction
WAKE
Zoning & alternative use
LB · Holly Springs, NC
Zoning LB · permitted uses
LB · Holly Springs, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Holly Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2021
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
24
Lot
12.87 ac
Current owner
From public records · entity-resolved
Triangle Magnolia LLC
Entity
Free & Clear · 2 yrs held
Mailing address
165 S YORK ST, GASTONIA, NC 28052-4120
Ownership since
2023
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
Sep 15, 2023
—
Triangle Magnolia LLC
Holly Springs Phase II LLC
Deed
—
Apr 13, 2022
—
Holly Springs Phase II LLC
—
Deed
related
$26,054,500 · Wells Fargo Bank NA
Oct 17, 2019
—
Holly Springs Phase II LLC
—
Grant Deed
related
$17,500,000 · Pinnacle Bk
Sep 28, 2018
$1,750,000
Holly Springs Phase II LLC
Holly Springs Nc Partments II
Grant Deed
related
$2,000,000 · J S Coker
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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