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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Garden apartment buildings
100 Butterwood Ct Cary, NC 27511-4119
Individually Owned
3-yr Hold
Free & Clear
Property ID
US53-1341351
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1980
Construction
FRAME
Total area
6,432 SF
Lot
15.22 ac (662,983 SF)
Zoning code
RMF
APN
0774.17-00-7279 0107582
UPID
US53-1341351
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
$875k
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.03M
Owner & transaction history
Town Of Cary · 3 yrs held
Town Of Cary
since 2023
Last sale
$1.0M
1 recorded transaction
Zoning & alternative use
RMF · Cary, 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 Cary submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cary 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
$990,000
ML approach
$875,000
CAP Approach
CAP Return
Estimation
6%
$1,135,000
6.5%
$1,050,000
7%
$975,000
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±10% · vs last sale $1.04M (Mar 8 2023)
Last sale anchor
$1.04M
Mar 8 2023
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
$160 / 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
$157,573
Tax year 2023
Assessed value
$15,422,484
Assessed 2023
Previous assessed
$15,422,484
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$3,876,000
Assessed improvement
$11,546,484
Land market value
$3,876,000
Improvement market value
$11,546,484
Total market value
$15,422,484
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
1980
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
8
Rooms
584
Total area
6,432 SF
Lot
15.22 ac (662,983 SF)
Zoning code
RMF
APN
0774.17-00-7279 0107582
UPID
US53-1341351
Jurisdiction
WAKE
Zoning & alternative use
RMF · Cary, NC
Zoning RMF · permitted uses
RMF · Cary, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cary. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
8
Rooms
584
Lot
15.22 ac
Current owner
From public records · entity-resolved
Town Of Cary
Individual
Free & Clear · 3 yrs held
Mailing address
903 PO BOX 8005TH DR, CARY, NC 27512-8005
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2023
$1,040,000
Town Of Cary
Merriwood Associates Limited Partne
Warranty Deed
—
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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