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Property profile & analytics
OFF-MARKET
Garden apartment buildings
6933 Springcreek Cv, Raleigh, NC 27613-2221
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1875685
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1984
Construction
FRAME
Total area
3,772 SF
Lot
20.8 ac (906,048 SF)
Zoning code
R-10
APN
0797.13-03-4263 0129619
UPID
US53-1875685
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
by Request
Owner & transaction history
Regatta Ll Property LLC · 6 yrs held
Regatta Ll Property LLC
since 2019
5 recorded transactions
Zoning & alternative use
R-10 · 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
—
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
$272,215
Tax year 2023
Assessed value
$24,592,171
Assessed 2023
Previous assessed
$24,592,171
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$7,800,000
Assessed improvement
$16,792,171
Land market value
$7,800,000
Improvement market value
$16,792,171
Total market value
$24,592,171
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
1984
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
4
Rooms
704
Total area
3,772 SF
Lot
20.8 ac (906,048 SF)
Zoning code
R-10
APN
0797.13-03-4263 0129619
UPID
US53-1875685
Jurisdiction
WAKE
Zoning & alternative use
R-10 · Raleigh, NC
Zoning R-10 · permitted uses
R-10 · 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
1984
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
4
Rooms
704
Lot
20.8 ac
Current owner
From public records · entity-resolved
Regatta Ll Property LLC
Entity
Mailing address
5728 LYNDON B JOHNSON FWY STE #400, DALLAS, TX 75240-6357
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2019
$53,600,000
Regatta Ll Property LLC
Wrpv Xii Regatta Raleigh LLC
Grant Deed
related
$45,710,000 · Pgim R/e Us Debt Fund Reit LLC
Sep 30, 2015
$35,750,000
Wrpv Xii Regatta Raleigh LLC
Mp Regatta LLC
Grant Deed
$2,180,000 · Wells Fargo Bk
Oct 30, 2014
—
Mp Regatta LLC
—
Grant Deed
related
$5,040,000 · Wells Fargo Bk
Jun 27, 2012
$26,500,000
Mp Regatta LLC
Fairfield Bartons Landing LP
Grant Deed
$20,460,000 · Wells Fargo Bank
Oct 1, 2004
$22,000,000
Bartons Landing Fairfield
Bb & K Of Bartons Landing INC
Grant Deed
$15,900,000 · Columbia Nat'l R/e Finance LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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