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Property profile & analytics
OFF-MARKET
Estimated value
$3,400,000
Apartment buildings
102 Vlg Dr, Mebane, NC 27302-9851
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US53-3173460
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2015
Total area
29,400 SF
Lot
9.02 ac (392,911 SF)
Zoning code
B2
APN
163674
UPID
US53-3173460
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
-
Alexander Pointe Apartments Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.40M
Owner & transaction history
Sovereign Dev Co LLC · 9 yrs held
Sovereign Dev Co LLC
since 2017
7 recorded transactions
Zoning & alternative use
B2 · Mebane, 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 Mebane submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mebane 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,890,000
6.5%
$3,590,000
7%
$3,335,000
Blend value · Realmo final
$3.40M
Range $3.06M – $3.74M · ±10%
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
$116 / 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
$176,499
Tax year 2023
Assessed value
$22,007,329
Assessed 2023
Previous assessed
$22,007,329
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$876,750
Assessed improvement
$21,130,579
Land market value
$876,750
Improvement market value
$21,130,579
Total market value
$22,007,329
Applied tax rate
14.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2015
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
29,400 SF
Lot
9.02 ac (392,911 SF)
Zoning code
B2
APN
163674
UPID
US53-3173460
Jurisdiction
ALAMANCE
Zoning & alternative use
B2 · Mebane, NC
Zoning B2 · permitted uses
B2 · Mebane, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mebane. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2015
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
9.02 ac
Current owner
From public records · entity-resolved
Sovereign Dev Co LLC
Entity
Mailing address
PO BOX 225, CHAPEL HILL, NC 27514-0225
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2018
—
Ghassan Dweik
—
Trustees Deed
related
$14,672 · Private Individual
Feb 7, 2017
$14,800,000
Sovereign Dev Co LLC
First Mebane Properties LLC
Trustees Deed
$11,500,000 · Bank Of Nc
Jun 17, 2015
—
First Mebane Properties LLC
—
Trustees Deed
related
$4,800,000 · Branch Bk&tr
Sep 15, 2014
$720,000
First Mebane Properties LLC
Atlantic Multifamily LLC
Grant Deed
related
—
Mar 13, 2008
—
Atlantic Multifamily LLC
First Oakland Properties INC
Grant Deed
$1,740,000 · Coastal FCU
—
—
Atlantic Multifamily LLC
—
Loan Modification
related
$1,740,000 · Coastal FCU
—
—
Atlantic Multifamily LLC
—
Loan Modification
related
$1,740,000 · Coastal FCU
—
—
Atlantic Multifamily LLC
—
Loan Modification
related
$1,740,000 · Coastal FCU
—
—
Atlantic Multifamily LLC
—
Loan Modification
related
$2,400,000 · Coastal FCU
—
—
Oakland Of Fieldstone
—
Deed Of Trust
related
$339,984 · James E Good
—
—
Oakland Of Fieldstone
—
Deed Of Trust
related
$500,000 · James E Good
—
—
Sovereign Dev Co LLC
—
Deed Of Trust
related
$11,500,000 · Hunt Mtg Cap LLC
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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