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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Garden apartment buildings
2205 Stonehenge Dr, Raleigh, NC 27615
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1668859
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1985
Construction
FRAME
Total area
12,154 SF
Lot
13.61 ac (592,852 SF)
Zoning code
R-10
APN
0797.11-67-3314 0128478
UPID
US53-1668859
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
$950k
Owner & transaction history
Hihenge Ll LLC · 7 yrs held
Hihenge Ll LLC
since 2018
5 recorded transactions
Zoning & alternative use
R-10 · Raleigh, 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 Raleigh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raleigh 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$78 / 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
$201,917
Tax year 2023
Assessed value
$18,274,959
Assessed 2023
Previous assessed
$18,274,959
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$3,400,000
Assessed improvement
$14,874,959
Land market value
$3,400,000
Improvement market value
$14,874,959
Total market value
$18,274,959
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
1985
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
2
Units
12
Rooms
436
Total area
12,154 SF
Lot
13.61 ac (592,852 SF)
Zoning code
R-10
APN
0797.11-67-3314 0128478
UPID
US53-1668859
Jurisdiction
WAKE
Zoning & alternative use
R-10 · Raleigh, NC
Zoning R-10 · permitted uses
R-10 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Raleigh. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
3
Units
12
Rooms
436
Lot
13.61 ac
Current owner
From public records · entity-resolved
Hihenge Ll LLC
Entity
Free & Clear · 7 yrs held
Mailing address
100 AVE OF THE AMERICAS FL #16, NEW YORK, NY 10013-1689
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2018
$69,900,000
Hihenge Ll LLC
Mcref I Raleigh LLC
Grant Deed
—
Jan 13, 2017
$56,725,000
Mcref I Raleigh LLC
Stonehenge At Hihenge LLC
Trustees Deed
$65,728,500 · Cbre Cap Markets
Nov 16, 2010
—
Stonehenge Investors LLC
Stonehenge Associates LLC
Quit Claim Deed
related
$27,000,000 · Grandbridge Real Est Capital
Nov 16, 2010
$35,000,000
Stonehenge Investors LLC
Stonehenge Associates LLC
Warranty Deed
related
—
Dec 31, 2002
—
Stonehenge Associates LLC
Stonehenge Assoc
Quit Claim Deed
related
—
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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