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Property profile & analytics
OFF-MARKET
Garden apartment buildings
2441 Campus Shr Drlh, Raleigh, NC 27606-6202
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-2235921
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2022
Construction
FRAME
Total area
48,600 SF
Zoning code
CMP
APN
0793.14-44-4492 0497216
UPID
US53-2235921
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
-
LakeShore Raleigh Condos Condominium Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Joseph Pinnix III · 2 yrs held
Joseph Pinnix III
since 2024
Last sale
$335,000
7 recorded transactions
Zoning & alternative use
CMP · 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
—
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
$40,554
Tax year 2023
Assessed value
$3,720,559
Assessed 2023
Previous assessed
$3,720,559
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed improvement
$3,720,559
Improvement market value
$3,720,559
Total market value
$3,720,559
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
2022
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
4
Units
44
Total area
48,600 SF
Zoning code
CMP
APN
0793.14-44-4492 0497216
UPID
US53-2235921
Jurisdiction
WAKE
Zoning & alternative use
CMP · Raleigh, NC
Zoning CMP · permitted uses
CMP · 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
2022
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
4
Units
44
Current owner
From public records · entity-resolved
Joseph Pinnix III
Individual
Mailing address
2441 CAMPUS SHR DR UNIT #413, RALEIGH, NC 27606-6207
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
28 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2024
$335,000
Joseph Pinnix III
North Shore 2441 LP
Assignment Of Lease (leasehold Sale)
$140,000 · First Home Mortgage Corp
Aug 9, 2023
$310,000
Karl Menches
North Shore 2441 LP
Assignment Of Lease (leasehold Sale)
—
Aug 1, 2023
$470,000
Joel M Leander
North Shore 2441 LP
Assignment Of Lease (leasehold Sale)
—
Jul 28, 2023
$250,000
Andrew Rudins
North Shore 2441 LP
Assignment Of Lease (leasehold Sale)
—
Jul 26, 2023
$295,000
Robert Steven Deckelbaum
North Shore 2441 LP
Assignment Of Lease (leasehold Sale)
$250,750 · Highlands Residential Mortgage Ltd
Jul 20, 2023
$220,000
Jones Kendall
North Shore 2441 LP
Assignment Of Lease (leasehold Sale)
$197,910 · Northpointe Bank
Jul 20, 2023
$286,000
Loretta Sue Wolhar
North Shore 2441 LP
Assignment Of Lease (leasehold Sale)
—
Jul 11, 2023
$240,000
Voxr Properties LLC
North Shore 2441 LP
Assignment Of Lease (leasehold Sale)
$179,925 · Movement Mortgage
Jul 11, 2023
$560,000
Robert Snyder
North Shore 2441 LP
Assignment Of Lease (leasehold Sale)
—
Jul 11, 2023
$300,000
Mary Helen Fosnaught
North Shore 2441 LP
Assignment Of Lease (leasehold Sale)
—
Jul 5, 2023
$310,000
Veena Misra
North Shore 2441 LP
Assignment Of Lease (leasehold Sale)
$232,425 · Rocket Mortgage LLC
Jun 30, 2023
$269,000
Nabil Fariss
North Shore 2501 LP
Assignment Of Lease (leasehold Sale)
—
Jun 30, 2023
$295,000
Richard Ekstrom
North Shore 2441 LP
Assignment Of Lease (leasehold Sale)
—
Jun 12, 2023
$280,000
Quest Trust Company Fbo
North Shore 2441 LP
Assignment Of Lease (leasehold Sale)
—
Jun 9, 2023
$440,000
Christine Monahan
North Shore 2441 LP
Assignment Of Lease (leasehold Sale)
$280,910 · Northpointe Bank
Jun 8, 2023
$230,000
Sara Shashaani
North Shore 2441 LP
Assignment Of Lease (leasehold Sale)
$172,425 · First Home Mortgage Corp
Jun 6, 2023
$305,000
John Acocella
North Shore 2441 LP
Assignment Of Lease (leasehold Sale)
$182,940 · First Home Mortgage Corp
Jun 5, 2023
$273,000
Pw North Shore 2501 LP
North Shore 2441 LP
Assignment Of Lease (leasehold Sale)
—
Jun 2, 2023
$230,000
Thao Van T Thai
North Shore 2441 LP
Assignment Of Lease (leasehold Sale)
—
Jun 1, 2023
$270,000
Clifford Daub
North Shore 2441 LP
Assignment Of Lease (leasehold Sale)
—
May 30, 2023
$475,000
Allison Dickey
North Shore 2441 LP
Assignment Of Lease (leasehold Sale)
—
May 30, 2023
$451,500
John Wayne Noland
North Shore 2441 LP
Assignment Of Lease (leasehold Sale)
$200,000 · First Home Mortgage Corp
May 26, 2023
$320,000
Geoffrey Falk
North Shore 2441 LP
Assignment Of Lease (leasehold Sale)
$239,925 · Movement Mortgage
May 25, 2023
$310,000
James S Shilling
North Shore 2441 LP
Assignment Of Lease (leasehold Sale)
—
May 24, 2023
—
Michael Bancroft Mcelroy
North Shore 2441 LP
Assignment Of Lease (leasehold Sale)
—
May 23, 2023
$290,000
Brendan Christopher Kearns
North Shore 2441 LP
Assignment Of Lease (leasehold Sale)
$249,000 · Movement Mortgage
May 22, 2023
—
North Shore 2441 LP
Endowment Fund Of North Carolina St
Correction Deed
related
—
May 2, 2023
—
North Shore 2441 LP
Endowment Fund Of North Carolina St
Assignment Of Lease (leasehold Sale)
—
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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