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Property profile & analytics
OFF-MARKET
Estimated value
$75,615,000
Garden apartment buildings
21 Collins Dr, Lillington, NC 27546-6409
Entity Owned
7-yr Hold
Free & Clear
Property ID
US53-1425973
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1998
Total area
9,880 SF
Lot
5.4 ac (235,224 SF)
Zoning code
RA-30
APN
110670 0052
UPID
US53-1425973
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
$75.61M
Blend (final)
Blend
$75.62M
Owner & transaction history
24 Rey Dan LLC · 7 yrs held
24 Rey Dan LLC
since 2018
3 recorded transactions
Zoning & alternative use
RA-30 · Lillington, 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 Lillington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lillington 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
Blend value · Realmo final
$75.62M
Range $68.05M – $83.18M · ±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
$7,653 / 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
$23,461
Tax year 2023
Assessed value
$2,989,269
Assessed 2023
Previous assessed
$2,989,269
+0.0% YoY
Effective rate
0.78%
On assessed value
Land market value
$132,390
Improvement market value
$2,856,879
Total market value
$2,989,269
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
1998
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
1
Stories
2
Rooms
2
Bathrooms
6
Total area
9,880 SF
Lot
5.4 ac (235,224 SF)
Zoning code
RA-30
APN
110670 0052
UPID
US53-1425973
Jurisdiction
HARNETT
Zoning & alternative use
RA-30 · Lillington, NC
Zoning RA-30 · permitted uses
RA-30 · Lillington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lillington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
1
Rooms
2
Bathrooms
6
Lot
5.4 ac
Current owner
From public records · entity-resolved
24 Rey Dan LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2124 MIMOSA PL, WILMINGTON, NC 28403-2426
Ownership since
2018
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
Nov 27, 2018
$1,199,000
24 Rey Dan LLC
Collins Park LLC
Warranty Deed
—
Nov 27, 2018
$1,500
5 Acres LLC
Collins Park LLC
Warranty Deed
related
—
—
—
24 Rey Dan LLC
—
Deed Of Trust
related
$2,127,000 · Dogwood St Bk
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.
Try Rey
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