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Property profile & analytics
OFF-MARKET
Estimated value
$12,425,000
Apartment buildings
3604 Farmington Dr, Greensboro, NC 27407-5753
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-1554323
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1992
Total area
8,376 SF
Lot
7.6 ac (331,056 SF)
Zoning code
RM-18
APN
53066
UPID
US53-1554323
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
-
U1st Business Solutions Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.43M
Owner & transaction history
City Of Greensboro · 1 yrs held
City Of Greensboro
since 2024
Last sale
$12.9M
3 recorded transactions
Zoning & alternative use
RM-18 · Greensboro, 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 Greensboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greensboro 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
$11,610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.43M
Range $11.18M – $13.67M · ±10% · vs last sale $12.93M (Aug 19 2021)
Last sale anchor
$12.93M
Aug 19 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
$1,483 / 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
$170,234
Tax year 2023
Assessed value
$8,488,400
Assessed 2023
Previous assessed
$8,488,400
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$1,026,000
Assessed improvement
$7,462,400
Land market value
$1,026,000
Improvement market value
$7,462,400
Total market value
$8,488,400
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1992
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
13
Stories
2
Units
8
Bathrooms
16
Total area
8,376 SF
Lot
7.6 ac (331,056 SF)
Zoning code
RM-18
APN
53066
UPID
US53-1554323
Jurisdiction
GUILFORD
Zoning & alternative use
RM-18 · Greensboro, NC
Zoning RM-18 · permitted uses
RM-18 · Greensboro, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greensboro. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1992
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
13
Units
8
Bathrooms
16
Lot
7.6 ac
Current owner
From public records · entity-resolved
City Of Greensboro
Entity
Free & Clear · 1 yrs held
Mailing address
5 HANOVER SQ RM #2101, NEW YORK, NY 10004-2634
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2024
$64,975
City Of Greensboro
Stonesthrow Owner Nc LLC
Deed
—
Aug 19, 2021
$74,000,000
Stonesthrow Owner Nc LLC
Stonesthrow Holdings LLC
Special Warranty Deed
$65,500,000 · Loancore Capital Credit Reit LLC
Feb 15, 2012
—
Stonesthrow Holdings LLC
Koury Corp
Warranty Deed
related
$23,025,000 · Grandbridge Real Est Capital
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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