One-Level Duplex With Screened
For Sale
$415,000
125 Cashmere Court, Raleigh, NC 27610
Former model residence with upgraded finishes and access to extensive 55+ community amenities.
Property Size1,665 SF
Days on Market11
Property Features for 125 Cashmere Court
General Information
Standard status
Active
Size
1,665 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,363
Amenities
private screened porch
backyard
heated saltwater pool
hot tub
fire pits
bocce courts
pickleball courts
fitness center
aerobics room
game room with billiards
party and gathering areas
Building Details
Building Size
1,665 SF
Year Built
2019
Stories
1
Listing Agency:
Howard Hanna Allen Tate Cary
(919) 368-8143
Listed By:
Jodi Walsh · License #247561
(919) 368-8143
Source:
Dustinbennett
Added: Aug 1
Changed: Aug 10
Last Checked: Aug 10 at 9:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna Allen Tate Cary
Investment Insights
Based on property information with market context.
This 2019-built duplex at 125 Cashmere Court offers a single-level layout with an open living and dining arrangement. The kitchen includes granite countertops, stainless steel appliances, a gas cooktop, center island, and substantial cabinetry. The owner's suite features a tiled walk-in shower with built-in seating, dual vanities, and a walk-in closet. Recessed lighting, custom drapery, a tray ceiling, designer wall treatments, and a screened porch overlooking the backyard add to the interior and outdoor configuration.
The property is located within a 55+ community near golf courses, shopping, restaurants, and major highways. A nearby Residents Club provides a heated saltwater pool, hot tub, fire pits, bocce courts, pickleball courts, fitness and aerobics facilities, a billiards game room, and gathering spaces. Built as a former model home, the residence combines updated finishes with access to an extensive shared amenity package.
The property is located within a 55+ community near golf courses, shopping, restaurants, and major highways. A nearby Residents Club provides a heated saltwater pool, hot tub, fire pits, bocce courts, pickleball courts, fitness and aerobics facilities, a billiards game room, and gathering spaces. Built as a former model home, the residence combines updated finishes with access to an extensive shared amenity package.
Key Highlights
- 2019‑built, one‑level duplex at 125 Cashmere Court
- Former model home with granite kitchen countertops and stainless steel appliances
- Owner's suite includes tiled walk‑in shower, built‑in seat, dual vanities, and walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,225
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$384,500
$384.5K
Cap Rate 7%
$274,643
$274.6K
Cap Rate 9%
$213,611
$213.6K
Market Conditions
NOI Build-Up for 1,665 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$29.0K $17.40/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$27.5K $16.50/SF
− OpEx
−$8.2K −$4.95/SF
NOI
$19.2K $11.55/SF
Area
ZIP 27610
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$384,500
Cap Rate 7%
$274,643
Cap Rate 9%
$213,611
Alternative Uses
Best Use
Multifamily LT 5
$274.6K
$240.3K – $320.4K
NOI $19,225 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$246.6K
$215.8K – $287.7K
NOI $17,262 @ 7.0% cap · market cap 4.16%
Theoretical Best
Specialty Retail
$488.1K
$427.1K – $569.4K
NOI $34,166 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
Explore this area
Business Placement
Demographics for 27610, NC
75,164
Population
29,245
Households
2.6
Avg Household Size
34
Median Age
28%
College-Educated
86%
High-School Grad
45.2 sq mi
ZIP Area
1,663
Density / Sq Mi
$66,245
Median Household Income
$37,582
Median Earnings
$1,319
Median Rent
$260,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Former model residence with upgraded finishes and access to extensive 55+ community amenities.
Where is this duplex located?
The property is located at 125 Cashmere Court Raleigh, NC.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 2019‑built, one‑level duplex at 125 Cashmere Court; Former model home with granite kitchen countertops and stainless steel appliances; Owner's suite includes tiled walk‑in shower, built‑in seat, dual vanities, and walk‑in closet
