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Property profile & analytics
OFF-MARKET
Estimated value
$2,585,000
Garden apartment buildings
3330 Sungrove Ln, Raleigh, NC 27610-9506
Entity Owned
8-yr Hold
Free & Clear
Property ID
US53-1032455
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2019
Construction
FRAME
Total area
26,622 SF
Lot
12.02 ac (523,591 SF)
Zoning code
RX-3
APN
1723.10-47-3259 0012088
UPID
US53-1032455
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
$2.61M
Blend (final)
Blend
$2.59M
Owner & transaction history
Sunnybrook Pointe Partners LP · 8 yrs held
Sunnybrook Pointe Partners LP
since 2018
7 recorded transactions
Zoning & alternative use
RX-3 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.59M
Range $2.33M – $2.84M · ±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
$97 / 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
$214,348
Tax year 2023
Assessed value
$19,334,655
Assessed 2023
Previous assessed
$19,334,655
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$3,780,000
Assessed improvement
$15,554,655
Land market value
$3,780,000
Improvement market value
$15,554,655
Total market value
$19,334,655
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
2019
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
24
Rooms
18
Bathrooms
5
Total area
26,622 SF
Lot
12.02 ac (523,591 SF)
Zoning code
RX-3
APN
1723.10-47-3259 0012088
UPID
US53-1032455
Jurisdiction
WAKE
Zoning & alternative use
RX-3 · Raleigh, NC
Zoning RX-3 · permitted uses
RX-3 · 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
2019
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
24
Rooms
18
Bathrooms
5
Lot
12.02 ac
Current owner
From public records · entity-resolved
Sunnybrook Pointe Partners LP
Entity
Free & Clear · 8 yrs held
Mailing address
2013 ROLLING ROCK RD, WAKE FOREST, NC 27587-6271
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2018
$1,125,000
Sunnybrook Pointe Partners LP
North Carolina Agricultural Fo
Grant Deed
—
Feb 20, 2018
—
Sunnybrook Pointe Partners LP
North Carolina Agricultural Fo
Grant Deed
related
—
Dec 30, 2016
—
Sunnybrook Pointe Partners LP
Joyner,e Carroll
Quit Claim Deed
related
—
Jun 14, 2012
$350,000
Joyner,e Carroll
Atlas Nc I Spe LLC
Grant Deed
—
Nov 21, 2007
—
Sunnybrook Pointe LLC
Waterbrook Apartments LLC
Quit Claim Deed
related
—
Oct 14, 2004
$717,000
Ccc Surf View LLC
Custombilt Contracting LLC
Warranty Deed
$573,600 · Central Carolina Bk
Oct 14, 2004
$665,000
Custombilt Contracting LLC
Carter,james H & Elsie R
Warranty 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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