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Property profile & analytics
OFF-MARKET
Estimated value
$2,085,000
Garden apartment buildings
5401 Cinema Spgs Dr, Raleigh, NC 27616-2508
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5782974
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2023
Construction
FRAME
Total area
29,472 SF
Lot
10.74 ac (467,834 SF)
Zoning code
CX-3
APN
1716.12-97-1341 0173477
UPID
US53-5782974
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
$2.09M
Owner & transaction history
Asprings LLC · 5 yrs held
Asprings LLC
since 2020
4 recorded transactions
Zoning & alternative use
CX-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
$71 / 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
$78,682
Tax year 2023
Assessed value
$7,218,551
Assessed 2023
Previous assessed
$7,218,551
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$3,537,600
Assessed improvement
$3,680,951
Land market value
$3,537,600
Improvement market value
$3,680,951
Total market value
$7,218,551
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
2023
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
30
Total area
29,472 SF
Lot
10.74 ac (467,834 SF)
Zoning code
CX-3
APN
1716.12-97-1341 0173477
UPID
US53-5782974
Jurisdiction
WAKE
Zoning & alternative use
CX-3 · Raleigh, NC
Zoning CX-3 · permitted uses
CX-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
2023
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
30
Lot
10.74 ac
Current owner
From public records · entity-resolved
Asprings LLC
Entity
Free & Clear · 5 yrs held
Mailing address
501 FAYETTEVILLE ST STE #100, RALEIGH, NC 27601-3068
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Nov 3, 2020
—
Asprings LLC
Svcn 3 LLC
Grant Deed
—
Nov 3, 2020
$3,900,000
Asprings LLC
Svcn 3 LLC
Grant Deed
$3,350,000 · Tred II LLC
Jun 14, 2010
$11,450,000
Spirit Master Funding III LLC
Spirit Spe Raleigh LLC
Warranty Deed
related
$13,304,000 · Citibank NA
Jul 7, 2004
$11,450,000
Spirit Spe Raleigh LLC
Family Car Raleigh INC
Warranty Deed
$7,024,692 · J P Morgan Chase Com'l Mtg Sec
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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