4400 Penrose VlyCary, NC 27518

  • Garden apartment buildings
  • 13,192 SF
Off market

Property Details for 4400 Penrose Vly

Year built
2001
Construction
FRAME
Lot size
28.82 AC
Property size (Sq ft)
13,192 SF
Zone code
RMFP
Property type
Garden apartment buildings
APN
0772.10-37-7484 0266695
APU
772103774840266695

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,485,160
    6.5%
    $4,140,150
    7%
    $3,844,430
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,444,400
    Geo Method
    $3,542,870
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $6,658,160
    Retail / Commercial
    $3,415,100
    Mixed-Use / Specialty
    $3,403,580
    Hospitality / Lodging
    $2,497,960
    Office
    $3,384,050
    Institutional / Educational
    $3,538,590
    Multifamily
    $4,961,830
    Automotive / Energy
    $3,033,080
    Parking / Income-Based Land
    $1,046,030
    Restaurant / Food Service
    $1,771,630
    Healthcare / Senior Housing
    $3,489,640

Location Insight

City
Cary
County
Wake
State
North Carolina
Latitude
35.7485
Longitude
-78.7513
CBSA code
39580
CBSA name
RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$674,030
$14,688,000
$51,718,150
$66,406,150
-
$14,688,000
$51,718,150
$66,406,150

FAQs

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