New search
Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Garden apartment buildings
101 Bay Mdw Ct, Lexington, NC 27292-5047
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-0877035
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1986
Construction
FRAME
Total area
4,216 SF
Lot
1.87 ac (81,457 SF)
Zoning code
TN
APN
11-342-M-000-0337
UPID
US53-0877035
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
by Request
CAP Approach
CAP
$530k
Comparable Approach
Comparable
$375k
Blend (final)
Blend
$615k
Owner & transaction history
Toti LLC · 3 yrs held
Toti LLC
since 2022
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
TN · Lexington, 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 Lexington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lexington 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
$640,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$575,000
6.5%
$530,000
7%
$490,000
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $650k (Dec 14 2022)
Last sale anchor
$650k
Dec 14 2022
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
$146 / 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
$5,263
Tax year 2023
Assessed value
$401,790
Assessed 2023
Previous assessed
$401,790
+0.0% YoY
Effective rate
1.31%
On assessed value
Land market value
$31,840
Improvement market value
$369,950
Total market value
$401,790
Applied tax rate
11.0000
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
1986
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
1
Stories
2
Units
6
Bathrooms
16
Total area
4,216 SF
Lot
1.87 ac (81,457 SF)
Zoning code
TN
APN
11-342-M-000-0337
UPID
US53-0877035
Jurisdiction
DAVIDSON
Zoning & alternative use
TN · Lexington, NC
Zoning TN · permitted uses
TN · Lexington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lexington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
1
Units
6
Bathrooms
16
Lot
1.87 ac
Current owner
From public records · entity-resolved
Toti LLC
Entity
Mailing address
2626 GLENWOOD AVE STE #550, RALEIGH, NC 27608-1370
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2025
—
Bay Meadows Apts LLC
—
Deed
related
$716,975 · Bayport Funding LLC A New York Limited L
Dec 14, 2022
$650,000
Toti LLC
Hurt LLC
Warranty Deed
$560,757 · Bank Of The Ozarks
Aug 31, 2020
$400,000
Hurt LLC
A2z Investments LLC
Warranty Deed
$320,000 · Bank Of Oak Ridge
Aug 24, 2018
$335,000
A2z Investments LLC
Strickland Brothers LLC
Warranty Deed
$268,000 · Sillver Hill Funding LLC
Jul 31, 2018
—
Strickland Brothers LLC
Stricklands Holdings LLC
Quit Claim Deed
—
Sep 1, 2016
$375,000
Stricklands Holdings LLC
Bunce Investments LLC
Warranty Deed
—
May 14, 2009
—
Bunce Investments LLC
Bunce,dearl L
Quit Claim 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 101 Bay Mdw Ct?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
