New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,745,000
Garden apartment buildings
3368 Frontgate Dr, Greenville, NC 27834-8249
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-2057658
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1994
Total area
10,212 SF
Lot
1.94 ac (84,506 SF)
Zoning code
OR
APN
51929
UPID
US53-2057658
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
$1.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.75M
Owner & transaction history
Cig 242 Bw LLC · 3 yrs held
Cig 242 Bw LLC
since 2022
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
OR · Greenville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+76.0%
Medical building
$1.3M
+24.5%
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 Greenville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenville 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
$1,765,000
ML approach
$1,765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,790,000
Change: +76% · Conversion: Difficult
MEDICAL BUILDING
$1,265,000
Change: +24% · Conversion: Moderate
Blend value · Realmo final
$1.75M
Range $1.57M – $1.92M · ±10% · vs last sale $2.40M (Sep 23 2022)
Last sale anchor
$2.40M
Sep 23 2022
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
$171 / 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
$12,476
Tax year 2023
Assessed value
$703,155
Assessed 2023
Previous assessed
$703,155
+0.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$112,000
Assessed improvement
$591,155
Land market value
$112,000
Improvement market value
$591,155
Total market value
$703,155
Applied tax rate
70.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1994
Heating
BASEBOARD
Cooling
CENTRAL
Buildings
2
Stories
2
Rooms
3
Bathrooms
8
Total area
10,212 SF
Lot
1.94 ac (84,506 SF)
Zoning code
OR
APN
51929
UPID
US53-2057658
Jurisdiction
PITT
Zoning & alternative use
OR · Greenville, NC
Zoning OR · permitted uses
OR · Greenville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greenville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.3M
RESTAURANT
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Heating
BASEBOARD
Cooling
Yes
Stories
2
Buildings
2
Rooms
3
Bathrooms
8
Lot
1.94 ac
Current owner
From public records · entity-resolved
Cig 242 Bw LLC
Entity
Mailing address
870 GREENBRIER CIR STE #601, CHESAPEAKE, VA 23320-3337
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2022
$24,000,000
Cig 242 Bw LLC
Blvdw Nc LLC
Special Warranty Deed
$21,277,501 · Key Bank NA
Jul 28, 2020
$12,815,000
Blvdw Nc LLC
Frontgate Partners LLC
Grant Deed
$8,350,000 · Miscellaneous Ins Co
Nov 21, 2017
—
Greenville Real Estate LLC
Speight,maxine A
Quit Claim Deed
related
$6,050,000 · Xenith Bk
Nov 21, 2017
$555,000
Frontgate Partners LLC
Greenville Real Estate LLC
Grant Deed
—
Mar 3, 2010
—
Greenville Real Estate LLC
Mcdowell,michael J & Karla J
Grant Deed
—
Dec 30, 2009
$1,300,000
Michael J Mcdowell
Le Ed Properties LLC
Other
$160,000 · Le Ed Properties LLC
Sep 1, 2004
—
Allen,edna G
Causey,john L JR
Warranty Deed
related
—
—
—
Greenville Real Estate LLC
—
Deed Of Trust
related
$25,000 · Select Bk
—
—
Greenville Real Estate LLC
—
Deed Of Trust
related
$625,000 · Select Bk
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 3368 Frontgate 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.
