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Property profile & analytics
OFF-MARKET
Estimated value
$16,830,000
Assisted living facilities
901 Spg Arbor Ct Apex, NC 27502-4951
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-1732041
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1999
Total area
29,576 SF
Lot
2.65 ac (115,434 SF)
Zoning code
O&I-CU
APN
0742.13-02-1559 0252165
UPID
US53-1732041
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
-
Spring Arbor of Apex Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$16.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.83M
Owner & transaction history
Nhi Reit Of Nc Springs LLC · 1 yrs held
Nhi Reit Of Nc Springs LLC
since 2024
Last sale
$16.8M
6 recorded transactions
Zoning & alternative use
O&I-CU · Apex, 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 Apex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Apex 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
$16,830,000
ML approach
$16,830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$16.83M
Range $15.15M – $18.51M · ±10% · vs last sale $16.83M (Oct 9 2024)
Last sale anchor
$16.83M
Oct 9 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
$569 / 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
$34,261
Tax year 2024
Assessed value
$4,014,194
Assessed 2024
Previous assessed
$4,014,194
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,154,340
Assessed improvement
$2,859,854
Land market value
$1,154,340
Improvement market value
$2,859,854
Total market value
$4,014,194
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1999
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
72
Total area
29,576 SF
Lot
2.65 ac (115,434 SF)
Zoning code
O&I-CU
APN
0742.13-02-1559 0252165
UPID
US53-1732041
Jurisdiction
WAKE
Zoning & alternative use
O&I-CU · Apex, NCZoning O&I-CU · permitted uses
O&I-CU · Apex, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1999
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
72
Lot
2.65 ac
Current owner
From public records · entity-resolved
Nhi Reit Of Nc Springs LLC
Entity
Free & Clear · 1 yrs held
Mailing address
222 S ROBERT ROSE DR STE #400, MURFREESBORO, TN 37129-6346
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2024
$16,828,500
Nhi Reit Of Nc Springs LLC
Spring Arbor Apex Nc Landlord LLC
Special Warranty Deed
—
Jun 2, 2022
$4,375,000
Spring Arbor Apex Nc Landlord LLC
Spring Arbor Of Apex Limited Partne
Special Warranty Deed
—
Jun 2, 2022
—
Spring Arbor Apex Nc Landlord LLC
Spring Arbor Of Apex Limited Partne
Intrafamily Transfer
related
—
—
—
Spring Arbor Of Apex LP
—
Deed Of Trust
related
$6,702,515 · M&t Bk
—
—
Spring Arbor Of Apex LP
—
Deed Of Trust
related
$5,650,000 · Berkadia Com'l Mtg
—
—
Spring Arbor Of Apex
—
Deed Of Trust
related
$3,096,200 · Capmark Fin
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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