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Property profile & analytics
OFF-MARKET
Garden apartment buildings
3400 Frontgate Dr, Greenville, NC 27834-6561
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-5423672
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1993
Construction
FRAME
Total area
16,044 SF
Lot
1.4 ac (60,984 SF)
Zoning code
OR
APN
51931
UPID
US53-5423672
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
by Request
Blend (final)
Blend
by Request
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
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
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
$9,093
Tax year 2023
Assessed value
$504,853
Assessed 2023
Previous assessed
$504,853
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$84,000
Assessed improvement
$420,853
Land market value
$84,000
Improvement market value
$420,853
Total market value
$504,853
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
1993
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Units
24
Rooms
36
Bathrooms
12
Total area
16,044 SF
Lot
1.4 ac (60,984 SF)
Zoning code
OR
APN
51931
UPID
US53-5423672
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.
Building & site characteristics
From public records
Year built
1993
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
24
Rooms
36
Bathrooms
12
Lot
1.4 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
Apr 19, 2022
—
Blvdw Nc LLC
—
Deed
related
$3,000,000 · Calcon Mutual Mortgage LLC
Jul 28, 2020
$12,815,000
Blvdw Nc LLC
Frontgate Partners LLC
Grant Deed
$8,350,000 · Miscellaneous Ins Co
May 30, 2019
$500,000
Frontgate Partners LLC
Rdc Properties Of Durham LLC
Grant Deed
$625,000 · Xenith Bk
Aug 25, 2015
—
Rdc Properties Of Durham LLC
Robert M Cayton
Warranty Deed
—
Aug 4, 2015
$415,000
Robert M Cayton
Coastal Investing LLC
Warranty Deed
—
May 15, 2009
$350,000
Coastal Investing LLC
Blue Lands LLC
Grant Deed
—
Mar 1, 2005
$625,000
Pollard,w G JR
Pollard,w G JR
Warranty Deed
related
—
—
—
Coastal Investing LLC
—
Loan Modification
related
$485,000 · Impac Cmb Trust #2005-4 (tr)
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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