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Property profile & analytics
OFF-MARKET
Estimated value
$47,920,000
Garden apartment buildings
8435 Whitehill Loop, Wilmington, NC 28411-8517
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1292182
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2022
Total area
69,840 SF
Lot
18.49 ac (805,424 SF)
Zoning code
MF-L,MULTI FAMILY LOW DEN
APN
R02900-004-009-000
UPID
US53-1292182
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
$47.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$47.92M
Owner & transaction history
Murray Farm Developers LLC · 5 yrs held
Murray Farm Developers LLC
since 2020
Last sale
$47.9M
4 recorded transactions
Zoning & alternative use
MF-L,MULTI FAMILY LOW DEN · Wilmington, 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 Wilmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilmington 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
$47,920,000
ML approach
$47,920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$47.92M
Range $43.13M – $52.71M · ±10% · vs last sale $47.92M (Oct 22 2024)
Last sale anchor
$47.92M
Oct 22 2024
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
$686 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$160,105
Tax year 2023
Assessed value
$30,642,100
Assessed 2023
Previous assessed
$30,642,100
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$995,800
Assessed improvement
$29,646,300
Land market value
$995,800
Improvement market value
$29,646,300
Total market value
$30,642,100
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
2022
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
7
Stories
2
Units
24
Bathrooms
4
Total area
69,840 SF
Lot
18.49 ac (805,424 SF)
Zoning code
MF-L,MULTI FAMILY LOW DEN
APN
R02900-004-009-000
UPID
US53-1292182
Jurisdiction
NEW HANOVER
Zoning & alternative use
MF-L,MULTI FAMILY LOW DEN · Wilmington, NC
Zoning MF-L,MULTI FAMILY LOW DEN · permitted uses
MF-L,MULTI FAMILY LOW DEN · Wilmington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wilmington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2022
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
7
Units
24
Bathrooms
4
Lot
18.49 ac
Current owner
From public records · entity-resolved
Murray Farm Developers LLC
Entity
Free & Clear · 5 yrs held
Mailing address
60 GREGORY RD NE STE #1, BELVILLE, NC 28451-9276
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2020
$2,663,000
Murray Farm Developers LLC
Sandra Spradley
Warranty Deed
—
Aug 14, 2020
—
Murray Farm Developers LLC
Sandra Spradley
Warranty Deed
related
—
Apr 15, 2011
—
Sandra M Spradley
Murray R C & E Y Trust
Quit Claim Deed
related
—
Mar 14, 2007
—
New Hanover Cnty
New Hanover Cnty
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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