New search
Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Garden apartment buildings
2360 Federer Dr, Knightdale, NC 27545-6761
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US53-2414885
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2011
Total area
11,520 SF
Lot
6.21 ac (270,508 SF)
Zoning code
UR12
APN
1743.01-17-5164 0229527
UPID
US53-2414885
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
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$975k
Owner & transaction history
Mingo Creek Housing Assocs LLC · 18 yrs held
Mingo Creek Housing Assocs LLC
since 2008
7 recorded transactions
Zoning & alternative use
UR12 · Knightdale, 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 Knightdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Knightdale 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
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±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
$85 / 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
$47,469
Tax year 2023
Assessed value
$4,150,746
Assessed 2023
Previous assessed
$4,150,746
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,596,000
Assessed improvement
$2,554,746
Land market value
$1,596,000
Improvement market value
$2,554,746
Total market value
$4,150,746
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
2011
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
12
Total area
11,520 SF
Lot
6.21 ac (270,508 SF)
Zoning code
UR12
APN
1743.01-17-5164 0229527
UPID
US53-2414885
Jurisdiction
WAKE
Zoning & alternative use
UR12 · Knightdale, NC
Zoning UR12 · permitted uses
UR12 · Knightdale, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Knightdale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2011
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
12
Lot
6.21 ac
Current owner
From public records · entity-resolved
Mingo Creek Housing Assocs LLC
Entity
Mailing address
7706 6TH FRKS RD STE #202, RALEIGH, NC 27615-5067
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2008
$1,300,000
Mingo Creek Housing Assocs LLC
Evergreen Construction
Warranty Deed
$1,425,000 · Branch Banking & Trust Co
Aug 20, 2007
$1,300,000
Evergreen Construction Co
Mingo Capital II LLC
Warranty Deed
$1,170,000 · Branch Banking & Trust Co
Mar 8, 2006
—
Mingo Capital II LLC
Perry,w H & G G
Warranty Deed
related
$1,100,000 · First Charter Bank
—
—
Mingo Creek Housing Assocs LLC
—
Deed Of Trust
related
$552,000 · Wake County North Carolina
—
—
Mingo Creek Housing Assocs LLC
—
Deed Of Trust
related
$1,471,252 · Community Investment Corp Nc
—
—
Mingo Creek Housing Assocs LLC
—
Deed Of Trust
related
$1,000,000 · Florida Housing Finance Agency
—
—
Mingo Creek Housing Assocs LLC
—
Deed Of Trust
related
$922,272 · Florida Housing Finance Agency
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2360 Federer Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
