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Property profile & analytics
OFF-MARKET
Estimated value
$65,265,000
Garden apartment buildings
3601 Sir Galahad Ln, Wilmington, NC 28403-2690
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2835304
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2007
Total area
25,620 SF
Lot
4.27 ac (186,001 SF)
Zoning code
MF-M,MULTI FAM MED DEN
APN
R04918-001-010-000
UPID
US53-2835304
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
$64.51M
Blend (final)
Blend
$65.27M
Owner & transaction history
Sre Property Company LLC · 4 yrs held
Sre Property Company LLC
since 2021
Last sale
$63.0M
4 recorded transactions
Zoning & alternative use
MF-M,MULTI FAM MED DEN · Wilmington, 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 Wilmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilmington 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
$70,550,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$65.27M
Range $58.74M – $71.79M · ±10% · vs last sale $63.00M (Sep 30 2021)
Last sale anchor
$63.00M
Sep 30 2021
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
$2,547 / 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
$114,846
Tax year 2023
Assessed value
$13,591,300
Assessed 2023
Previous assessed
$13,591,300
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$482,000
Assessed improvement
$13,109,300
Land market value
$482,000
Improvement market value
$13,109,300
Total market value
$13,591,300
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
2007
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
2
Units
24
Total area
25,620 SF
Lot
4.27 ac (186,001 SF)
Zoning code
MF-M,MULTI FAM MED DEN
APN
R04918-001-010-000
UPID
US53-2835304
Jurisdiction
NEW HANOVER
Zoning & alternative use
MF-M,MULTI FAM MED DEN · Wilmington, NC
Zoning MF-M,MULTI FAM MED DEN · permitted uses
MF-M,MULTI FAM MED DEN · Wilmington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wilmington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
4
Units
24
Lot
4.27 ac
Current owner
From public records · entity-resolved
Sre Property Company LLC
Entity
Free & Clear · 4 yrs held
Mailing address
165 S YORK ST, GASTONIA, NC 28052-4120
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2021
—
Sre Property Company LLC
Avalon Apartments LLC
Special Warranty Deed
—
Sep 30, 2021
$63,000,000
Triangle Avalon Wilmington LLC
Avalon Apartments LLC
Special Warranty Deed
—
Oct 5, 2017
—
Avalon Apartments LLC
Avalon Apartments De LLC
Quit Claim Deed
related
$62,000,000 · Miscellaneous Ins Co
Aug 8, 2011
—
Avalon Apartments De LLC
Avalon Apartments LLC
Quit Claim Deed
related
—
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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