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Property profile & analytics
OFF-MARKET
Estimated value
$3,615,000
High-rise multifamily apartments
209 Main St Wingate, NC 28174-9753
Entity Owned
~
Est. High Equity
Property ID
US53-1028798
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1998
Construction
WOOD
Total area
4,252 SF
Lot
2.6 ac (113,256 SF)
Zoning code
R-6 WINGATE
APN
09-022-074
UPID
US53-1028798
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
-
Manor Ridge Apartments Apartment Complex Apartment Building
-
4M Wingate Training Center Sports School
-
Pizza Hut Take-out & Catering
-
Elite Design Group Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.57M
Blend (final)
Blend
$3.62M
Owner & transaction history
Manor Ridge Nc Harmony Housing LLC
Manor Ridge Nc Harmony Housing LLC
since 2026
Last sale
$3.8M
3 recorded transactions
Zoning & alternative use
R-6 WINGATE · Wingate, 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 Wingate submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wingate 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
$3,500,000
ML approach
$3,490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.62M
Range $3.25M – $3.98M · ±10% · vs last sale $3.75M (Apr 17 2023)
Last sale anchor
$3.75M
Apr 17 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
$850 / 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
Assessed value
$1,646,500
Assessed 2023
Previous assessed
$1,699,200
-3.1% YoY
Assessed land
$122,300
Assessed improvement
$1,524,200
Land market value
$122,300
Improvement market value
$1,524,200
Total market value
$1,646,500
Applied tax rate
322.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1998
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
2
Rooms
8
Total area
4,252 SF
Lot
2.6 ac (113,256 SF)
Zoning code
R-6 WINGATE
APN
09-022-074
UPID
US53-1028798
Jurisdiction
UNION
Zoning & alternative use
R-6 WINGATE · Wingate, NC
Zoning R-6 WINGATE · permitted uses
R-6 WINGATE · Wingate, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wingate. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Rooms
8
Lot
2.6 ac
Current owner
From public records · entity-resolved
Manor Ridge Nc Harmony Housing LLC
Entity
Mailing address
6601 VENTNOR AVE STE #23, INDIANAPOLIS, NC
Ownership since
2026
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
Apr 1, 2026
$1,800,000
Manor Ridge Nc Harmony Housing LLC
Manor Ridge Essential Housing LLC
Special Warranty Deed
related
$147,075
Apr 17, 2023
$3,754,000
Manor Ridge Essential Housing LLC
Manor Ridge Harmony Housing LLC
Special Warranty Deed
—
Jul 23, 2019
$1,150,000
Manor Ridge Harmony Hsng LLC
Manor Ridge LP
Grant Deed
—
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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