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Property profile & analytics
OFF-MARKET
High-rise multifamily apartments
5910 Farrington Rd Chapel Hill, NC 27517-8607
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-1320288
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2019
Total area
38,300 SF
Lot
3.95 ac (172,062 SF)
Zoning code
MU(D)
APN
141698
UPID
US53-1320288
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
-
Davis Stillson Associates Film Production Television Studio
-
Overture Chapel Hill Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Overture Chapel Hill Owner LLC
Overture Chapel Hill Owner LLC
since 2025
Last sale
$56.5M
7 recorded transactions
Zoning & alternative use
MU(D) · Chapel Hill, NC
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 Chapel Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chapel Hill 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
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$469,758
Tax year 2024
Assessed value
$33,676,796
Assessed 2024
Previous assessed
$33,676,796
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$3,680,000
Assessed improvement
$29,996,796
Land market value
$3,680,000
Improvement market value
$29,996,796
Total market value
$33,676,796
Applied tax rate
136.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2019
Heating
YES
Cooling
YES
Stories
5
Bathrooms
3
Total area
38,300 SF
Lot
3.95 ac (172,062 SF)
Zoning code
MU(D)
APN
141698
UPID
US53-1320288
Jurisdiction
DURHAM
Zoning & alternative use
MU(D) · Chapel Hill, NCZoning MU(D) · permitted uses
MU(D) · Chapel Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Home | Chapel Hill, NC
Building & site characteristics
From public records
Year built
2019
Heating
YES
Cooling
Yes
Stories
5
Bathrooms
3
Lot
3.95 ac
Current owner
From public records · entity-resolved
Overture Chapel Hill Owner LLC
Entity
Free & Clear · 0 yrs held
Mailing address
18 BROAD ST STE #300, CHARLESTON, SC 29401-3012
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Nov 24, 2025
—
Overture Chapel Hill Owner LLC
Crp Grep Overture Chapel Hill Owner
Deed
related
—
Sep 29, 2025
$56,500,000
Overture Chapel Hill Owner LLC
Crp Grep Overture Chapel Hill Owner
Special Warranty Deed
—
Dec 23, 2019
$3,380,000
Gdcv Durham Id Prop Owner LP
Measurement Holding LLC
Grant Deed
—
Sep 25, 2018
$6,850,000
Crp-grepoverture Chapel Hill O
Gonzalez Louis P Trust
Grant Deed
—
Sep 25, 2018
—
Gonzalez,louis P Trust
Lrc Vi LLC
Grant Deed
—
Jan 2, 2018
—
Lrc Vi LLC
—
Deed
related
$3,450,000 · Capital Bank
Jun 1, 2017
—
Lrc Vi LLC
Howlett,cheryl M
Quit Claim Deed
related
—
Dec 2, 2016
—
Cheryl M Howlett
Smart Dev LLC
Quit Claim Deed
related
—
Apr 8, 2016
—
Lrc Vi LLC
Louis P Gonzalez
Special Warranty Deed
—
Mar 28, 2016
$3,472,500
Cheryl M Howlett
Smart Dev LLC
Warranty Deed
—
Jan 2, 1998
—
Gmsmart Family LP
Smart,george M & Ann S
Quit Claim Deed
related
—
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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