Entity Owned Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2022
Construction
FRAME
Total area
22,425 SF
Lot
32.02 ac (1,394,791 SF)
Zoning code
CX-3
APN
1722.06-37-3653 0008706
UPID
US53-0320656
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$86.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$73.83M
Blend (final)
Blend
$86.50M
Owner & transaction history
since 2024
Last sale
$86.5M
2 recorded transactions
Zoning & alternative use
CX-3 · Raleigh, NC
Zoning description
The CX-3 is intended to provide for a variety of residential, retail, service andcommercial uses
General category
MIXED_USE
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 12 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$86.50M
Value range
$77.85M – $95.15M
±10% around blend
Estimated value / SF
$3,857 / SF
Confidence
High
12 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
$77.85M
blend $86.50M
$95.15M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
22,425 SF
Lot area
32.02 ac
Year built
2022
Stories
3
APN
1722.06-37-3653 0008706
Zoning
CX-3
Assessed value
$83,308,639
Annual tax
$731,216
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$644k
Weighted, 12 comps · high confidence
Evidence
12 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.2 mi away · 17,342 SF
3.2 mi away · 17,342 SF
3.2 mi away · 17,342 SF
3.2 mi away · 17,342 SF
3.2 mi away · 17,342 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$86.50M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 110 sales
$1,690
+128%
County 175 sales
$2,009
+92%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $3,857/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 12 sales
Market rates by use type
PDF export
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$86.50M
Move the market yield to see immediate price impact.
Value / SF
$3,857
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$5.45M
$108.99M
$77.85M
$60.55M
$6.06M
$121.10M
$86.50M
$67.28M
$6.66M
$133.21M
$95.15M
$74.01M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
12 found
High confidence · county-verified
Closest comparable
$400k
3.2 mi · Dec 2025 · $23/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$731,216
Tax year 2024
Assessed value
$83,308,639
Assessed 2024
Previous assessed
$4,727,218
+1,662.3% YoY
Effective rate
0.88%
On assessed value
Assessed land
$15,750,000
Assessed improvement
$67,558,639
Land market value
$15,750,000
Improvement market value
$67,558,639
Total market value
$83,308,639
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
2022
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
34
Total area
22,425 SF
Lot
32.02 ac (1,394,791 SF)
Zoning code
CX-3
APN
1722.06-37-3653 0008706
UPID
US53-0320656
Jurisdiction
WAKE
Zoning & alternative use
CX-3 · Raleigh, NCZoning CX-3 · permitted uses
CX-3 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The CX-3 is intended to provide for a variety of residential, retail, service andcommercial uses
General category
MIXED_USE
Building & site characteristics
From public records
Year built
2022
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
34
Lot
32.02 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
CX-3
MIXED_USE
Jurisdiction
Raleigh, NC
Recorded code
CX-3
Official district
CX-3
Official district profile
What the municipal code says about CX-3
Zoning description
The CX-3 is intended to provide for a variety of residential, retail, service andcommercial uses
General category
MIXED_USE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CX-3 in Raleigh, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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