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Property profile & analytics
OFF-MARKET
Estimated value
$57,310,000
Garden apartment buildings
202 Foliage Cir Cary, NC 27518-6890
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-1446015
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1990
Construction
FRAME
Total area
17,722 SF
Lot
18.73 ac (815,879 SF)
Zoning code
RMFP
APN
0772.03-24-6509 0173704
UPID
US53-1446015
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
$54.18M
Blend (final)
Blend
$57.31M
Owner & transaction history
Amberwood Residences LLC · 4 yrs held
Amberwood Residences LLC
since 2022
Last sale
$56.9M
7 recorded transactions
Zoning & alternative use
RMFP · Cary, 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 Cary submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cary 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
$61,330,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$57.31M
Range $51.58M – $63.04M · ±10% · vs last sale $56.87M (May 12 2022)
Last sale anchor
$56.87M
May 12 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
$3,234 / 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
$303,843
Tax year 2023
Assessed value
$29,912,483
Assessed 2023
Previous assessed
$29,912,483
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$6,128,500
Assessed improvement
$23,783,983
Land market value
$6,128,500
Improvement market value
$23,783,983
Total market value
$29,912,483
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
1990
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
20
Rooms
790
Total area
17,722 SF
Lot
18.73 ac (815,879 SF)
Zoning code
RMFP
APN
0772.03-24-6509 0173704
UPID
US53-1446015
Jurisdiction
WAKE
Zoning & alternative use
RMFP · Cary, NC
Zoning RMFP · permitted uses
RMFP · Cary, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cary. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
20
Rooms
790
Lot
18.73 ac
Current owner
From public records · entity-resolved
Amberwood Residences LLC
Entity
Free & Clear · 4 yrs held
Mailing address
999 VANDERBILT BCH RD STE #701, NAPLES, FL 34108-3516
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2022
$56,866,000
Amberwood Residences LLC
Bif Amberwood At Lochmere LLC
Warranty Deed
—
Jan 13, 2020
—
Bif-bennington Woods LLC
—
Deed
related
$16,800,000 · Cbre Cap Markets
Oct 15, 2019
$31,350,000
Bif-amberwood At Lochmere LLC
Cary Custom Investor I LLC
Grant Deed
$23,114,000 · Cbre Cap Markets
Mar 2, 2016
$25,250,000
Cary Custom Investor I LLC
Amberwood Apartments Of Cary LLC
Grant Deed
related
$13,887,500 · Parkway Bk
Aug 7, 2014
—
Amberwood Apartments Of Cary LLC
Cg Amberwood Apartments LLC
Quit Claim Deed
related
—
Nov 22, 2013
$18,100,000
Amberwood Fund IV LLC
Amberwood Apartments Assocs LP
Grant Deed
related
$16,064,000 · Associated Bank
Jun 23, 2005
$12,000,000
Amberwood Apartments Assocs
Gk Realty LLC
Grant Deed
—
Jun 14, 2005
$12,000,000
Amberwood Apartments Assocs
Realty Associates Fund III
Grant Deed
$9,500,000 · Deutsche Bank Berkshire Mtg
—
—
Bif-bennington Woods LLC
—
Deed Of Trust
related
$16,800,000 · Cbre Cap Markets
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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