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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Garden apartment buildings
6123 Farrington Rd, Chapel Hill, NC 27517-9468
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-0067663
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1990
Total area
6,609 SF
Lot
19.01 ac (828,076 SF)
Zoning code
RS-M(D)
APN
141745
UPID
US53-0067663
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
-
6123L Apartment Building
-
6123E Apartment Building
-
Acometin Flooring Group General Contractor Carpet & Flooring Store
-
Winpop Woman's Counseling Center Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$765k
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$851k
Blend (final)
Blend
$885k
Owner & transaction history
Crosstown Owner LP · 1 yrs held
Crosstown Owner LP
since 2024
3 recorded transactions
Zoning & alternative use
RS-M(D) · Chapel Hill, 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 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
Method
Estimation
Statistic approach
by Request
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
$1,120,000
6.5%
$1,035,000
7%
$960,000
Blend value · Realmo final
$885k
Range $797k – $974k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$134 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$269,327
Tax year 2024
Assessed value
$19,307,982
Assessed 2024
Previous assessed
$19,307,982
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$3,060,000
Assessed improvement
$16,247,982
Land market value
$3,060,000
Improvement market value
$16,247,982
Total market value
$19,307,982
Applied tax rate
1.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1990
Heating
YES
Cooling
YES
Stories
3
Total area
6,609 SF
Lot
19.01 ac (828,076 SF)
Zoning code
RS-M(D)
APN
141745
UPID
US53-0067663
Jurisdiction
DURHAM
Zoning & alternative use
RS-M(D) · Chapel Hill, NC
Zoning RS-M(D) · permitted uses
RS-M(D) · Chapel Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chapel Hill. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Heating
YES
Cooling
Yes
Stories
3
Lot
19.01 ac
Current owner
From public records · entity-resolved
Crosstown Owner LP
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX A3878, CHICAGO, IL 60690-3878
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2024
—
Crosstown Owner LP
Rre Farrington Holdings LLC
Deed
related
—
Nov 5, 2024
$74,798,000
Crosstown Owner LP
Rre Farrington Holdings LLC
Special Warranty Deed
—
May 19, 2022
—
Rre Farrington Holdings LLC
—
Deed
related
$120,400,000 · Bank Of America NA
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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