Property profile

5840 Farrington Rd Chapel Hill, NC 27517

OFF-MARKET
High-rise multifamily apartments
Property ID
US53-2069285
193,344 SF 10.96 ac lot Built 2018
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 2018
Total area 193,344 SF
Lot 10.96 ac (477,418 SF)
Zoning code MU(D)
APN 141695
UPID US53-2069285

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Apartment Complex Apartment Building

Location

5840 Farrington Rd Chapel Hill, NC 27517-8213
Chapel Hill metro Census 2033 DURHAM-CHAPEL HILL, 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
$24.90M
Blend (final) Blend
$18.89M

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2017
$5.1M
2017
Price N/A
2016
Price N/A
2016
Price N/A
2016
$3.5M
2006
Price N/A

Zoning & alternative use

MU(D) · Chapel Hill, NC

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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