Property profile

5630 Lucas Ct 207 Leland, NC 28451

OFF-MARKET
Garden apartment buildings
Property ID
US53-2034135
28,198 SF 6.5 ac lot Built 2022
Entity Owned 20-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 2022
Total area 28,198 SF
Lot 6.5 ac (283,140 SF)
Zoning code MF
APN 029LA030
UPID US53-2034135

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5630 Lucas Ct, Unit 207 Leland, NC 28451-4427
Leland metro Census 20108 MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.10M
Blend (final) Blend
$7.21M

Owner & transaction history

since 2006
1 recorded transaction
2006
$440,000

Zoning & alternative use

MF · Leland, NC
Top alternative use upside
Restaurant $7.7M +69.3%
Retail stores $6.5M +41.4%
Office building $6.4M +39.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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