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Property profile & analytics
OFF-MARKET
Estimated value
$1,485,000
Garden apartment buildings
4720 Louisburg Rd, Raleigh, NC 27616-6732
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US53-0396698
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2016
Total area
20,160 SF
Lot
1.21 ac (52,708 SF)
Zoning code
OX-3
APN
1726.16-72-9682 0017658
UPID
US53-0396698
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
-
Magnolia Grove Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.49M
Owner & transaction history
Magnolia Grove Apartments LLC · 10 yrs held
Magnolia Grove Apartments LLC
since 2015
7 recorded transactions
Zoning & alternative use
OX-3 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$74 / 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
$32,491
Tax year 2023
Assessed value
$2,944,136
Assessed 2023
Previous assessed
$2,944,136
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$560,000
Assessed improvement
$2,384,136
Land market value
$560,000
Improvement market value
$2,384,136
Total market value
$2,944,136
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
2016
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
20
Rooms
6
Bathrooms
1
Total area
20,160 SF
Lot
1.21 ac (52,708 SF)
Zoning code
OX-3
APN
1726.16-72-9682 0017658
UPID
US53-0396698
Jurisdiction
WAKE
Zoning & alternative use
OX-3 · Raleigh, NC
Zoning OX-3 · permitted uses
OX-3 · 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
2016
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
20
Rooms
6
Bathrooms
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Magnolia Grove Apartments LLC
Entity
Mailing address
4944 WINDY HL DR, RALEIGH, NC 27609-5199
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2018
—
Magnolia Grove Apartments LLC
—
Deed
related
$2,100,000 · Cbre Cap Markets
Dec 8, 2015
—
Magnolia Grove Apartments LLC
Sambrick,dane J & Katie S
Grant Deed
related
—
Nov 23, 2015
$65,000
Dane J Sambrick
Stone,james R & Janece
Grant Deed
—
Nov 23, 2015
—
Dane J Sambrick
Stonebrick Dev LLC
Quit Claim Deed
related
—
May 16, 2013
$125,000
Stonebrick Dev LLC
Pedro Electric INC
Warranty Deed
—
May 31, 2002
$145,000
Pedro Electric INC
Pedro Electric I
Grant Deed
related
—
Mar 6, 2001
$124,000
Erik G Hector
Hector,erik G
Grant Deed
related
—
Mar 5, 2001
$124,000
Erik G Hector
Kirby,marshburn
Grant Deed
—
—
—
Magnolia Grove Apartments LLC
—
Deed Of Trust
related
$2,100,000 · Cbre Cap Markets
—
—
Pedro Electric INC
—
Deed Of Trust
related
$75,750 · Womack Electric Supply Co INC
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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