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Property profile & analytics
OFF-MARKET
High-rise multifamily apartments
3130 Hillandale Rd, Durham, NC 27705-2273
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0967279
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2019
Total area
12,440 SF
Lot
36.51 ac (1,590,376 SF)
Zoning code
PDR 2.000
APN
173135
UPID
US53-0967279
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
-
Lodge at Croasdaile Farm Apartment Building Apartment Rental Agency
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
Croasdaile Cumberland Cove LLC · 6 yrs held
Croasdaile Cumberland Cove LLC
since 2020
Last sale
$65.9M
2 recorded transactions
Zoning & alternative use
PDR 2.000 · Durham, 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 Durham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Durham 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 2024Property tax & assessments
Tax year 2024
Tax billed
$691,131
Tax year 2024
Assessed value
$49,546,982
Assessed 2024
Previous assessed
$49,546,982
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$4,950,000
Assessed improvement
$44,596,982
Land market value
$4,950,000
Improvement market value
$44,596,982
Total market value
$49,546,982
Applied tax rate
1.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2019
Heating
YES
Cooling
YES
Stories
4
Total area
12,440 SF
Lot
36.51 ac (1,590,376 SF)
Zoning code
PDR 2.000
APN
173135
UPID
US53-0967279
Jurisdiction
DURHAM
Zoning & alternative use
PDR 2.000 · Durham, NC
Zoning PDR 2.000 · permitted uses
PDR 2.000 · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Durham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2019
Heating
YES
Cooling
Yes
Stories
4
Lot
36.51 ac
Current owner
From public records · entity-resolved
Croasdaile Cumberland Cove LLC
Entity
Mailing address
168 BUSINESS PARK DR STE #200, VIRGINIA BEACH, VA 23462-6532
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2020
$65,900,000
Croasdaile Cumberland Cove LLC
Corasdaile Farms Apartments Owner L
Special Warranty Deed
$47,147 · Capital One Bank NA
Sep 16, 2011
—
Lakefield Farm LLC
Beischer,susan F & George D
Grant Deed
—
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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