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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Garden apartment buildings
4604 Baymar Dr, Raleigh, NC 27612-3274
Individually Owned
7-yr Hold
Free & Clear
Property ID
US53-0720929
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1987
Construction
FRAME
Total area
10,094 SF
Lot
28.73 ac (1,251,479 SF)
Zoning code
R-10
APN
0796.13-03-4346 0160000
UPID
US53-0720929
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
$872k
Blend (final)
Blend
$930k
Owner & transaction history
Wrpv Xiii Atria Raleigh L P · 7 yrs held
Wrpv Xiii Atria Raleigh L P
since 2019
7 recorded transactions
Zoning & alternative use
R-10 · 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
$930k
Range $837k – $1.02M · ±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
$92 / 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
$344,331
Tax year 2023
Assessed value
$31,098,269
Assessed 2023
Previous assessed
$31,098,269
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$8,040,000
Assessed improvement
$23,058,269
Land market value
$8,040,000
Improvement market value
$23,058,269
Total market value
$31,098,269
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
1987
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
16
Rooms
1092
Total area
10,094 SF
Lot
28.73 ac (1,251,479 SF)
Zoning code
R-10
APN
0796.13-03-4346 0160000
UPID
US53-0720929
Jurisdiction
WAKE
Zoning & alternative use
R-10 · Raleigh, NC
Zoning R-10 · permitted uses
R-10 · 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
1987
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
16
Rooms
1092
Lot
28.73 ac
Current owner
From public records · entity-resolved
Wrpv Xiii Atria Raleigh L P
Individual
Free & Clear · 7 yrs held
Mailing address
222 S RIVERSIDE PLZ #20, CHICAGO, IL 60606-5808
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2019
—
Wrpv Xiii Atria Raleigh L P
Co-bb Atria LLC
Correction Deed
related
—
Jan 28, 2019
—
Wrpv Viii Atria Raleigh LP
Co-bb Atria LLC
Correction Deed
related
—
Dec 27, 2018
$32,984,000
Wrpv Viii Atria Raleigh LP
Co-bb Atria LLC
Grant Deed
—
Dec 10, 2015
$33,250,000
Co-bb Atria LLC
Atria Of Crabtree Valley Apartmen
Grant Deed
related
$109,900,121 · Pnc Bk
Apr 6, 2011
$19,300,000
Atria Of Crabtree Valley Apartmen
Fairfield Crabtree Valley LP
Grant Deed
—
Mar 30, 2011
$19,300,000
Atria Of Crabtree Valley Apartmen
Fairfield Crabtree Valley LP
Grant Deed
$14,250,000 · Cwcapital LLC
Aug 9, 2007
$19,700,000
Crabtree Valley Fairfield
Bes Crabtree Fund I LLC
Grant Deed
$18,000,000 · Allstate Life Insurance Co
Nov 6, 2001
$16,000,000
Bes Crabtree Fund I LLC
Bes,crabtree F
Grant 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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