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Property profile & analytics
OFF-MARKET
Estimated value
$3,050,000
Garden apartment buildings
517 Vorils Ln, Wilmington, NC 28411-4000
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5409047
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2015
Total area
47,328 SF
Lot
9.94 ac (432,986 SF)
Zoning code
MF-L,MULTI FAMILY LOW DEN
APN
R04300-003-027-000
UPID
US53-5409047
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
$3.05M
Owner & transaction history
Maron Realty Company LLC · 1 yrs held
Maron Realty Company LLC
since 2024
7 recorded transactions
Zoning & alternative use
MF-L,MULTI FAMILY LOW 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$64 / 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
$131,819
Tax year 2023
Assessed value
$15,599,900
Assessed 2023
Previous assessed
$15,599,900
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$597,600
Assessed improvement
$15,002,300
Land market value
$597,600
Improvement market value
$15,002,300
Total market value
$15,599,900
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
2015
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
2
Units
24
Bathrooms
3
Total area
47,328 SF
Lot
9.94 ac (432,986 SF)
Zoning code
MF-L,MULTI FAMILY LOW DEN
APN
R04300-003-027-000
UPID
US53-5409047
Jurisdiction
NEW HANOVER
Zoning & alternative use
MF-L,MULTI FAMILY LOW DEN · Wilmington, NC
Zoning MF-L,MULTI FAMILY LOW DEN · permitted uses
MF-L,MULTI FAMILY LOW 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
2015
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
4
Units
24
Bathrooms
3
Lot
9.94 ac
Current owner
From public records · entity-resolved
Maron Realty Company LLC
Entity
Mailing address
301 PLANTATION PL S STE #500, CHARLOTTE, NC 28209-2251
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2024
—
Maron Realty Company LLC
Mark C Meeker
Warranty Deed
—
Nov 15, 2017
$11,830,000
Associated Apartment Investors
Ellington Farms Apartments LLC
Grant Deed
—
Aug 1, 2014
—
Ellington Farms Apartments LLC
Gordon Road Dev Ptrs LLC
Grant Deed
related
$6,800,213 · First Tn Bk
Oct 30, 2009
$235,000
Gordon Road Dev Partners LLC
Causey Investments LLC
Warranty Deed
—
Oct 30, 2009
$175,000
Causey Investments LLC
Lsb Properties INC
Grant Deed
—
Oct 30, 2009
—
Lsb Properties INC
Newbridge Bk
Grant Deed
related
—
Oct 10, 2008
$460,000
Newbridge Bk
Repetti Elizabeth M
Trustees Deed
related
—
May 5, 2006
$670,000
Benjamin J Jensen
Craven,w A & Gwen L
Warranty Deed
$569,500 · Fnb Southeast
Aug 18, 2005
$8,500
Craven W A
Laney,anna W
Quit Claim Deed
related
—
—
—
Ellington Farms Apartments LLC
—
Deed Of Trust
related
$8,335,000 · Nationwide Bk
—
—
William A Craven
—
Deed Of Trust
related
$129,134 · Branch Banking & Trust Co
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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