Entity Owned Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2000
Construction
FRAME
Total area
16,320 SF
Lot
18.75 ac (816,750 SF)
Zoning code
HDR
APN
0745.08-98-0557 0014526
UPID
US53-2161098
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.66M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.25M
Owner & transaction history
since 2021
4 recorded transactions
Zoning & alternative use
HDR · Morrisville, NC
Zoning description
The purpose of this zone is to suitable for infill development in established neighborhoods, for development of areas identified as high density residential in the Comprehensive Plan, or areas suited to high density deve…
General category
RESIDENTIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 13 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.25M
Value range
$3.83M – $4.68M
±10% around blend
Estimated value / SF
$260 / SF
Confidence
High
13 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
$3.83M
blend $4.25M
$4.68M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
16,320 SF
Lot area
18.75 ac
Year built
2000
Stories
3
APN
0745.08-98-0557 0014526
Zoning
HDR
Assessed value
$72,991,526
Annual tax
$636,282
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.66M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.89M
@ 6.5% CAP return
$2.66M
@ 7% CAP return
$2.47M
4
Sales comparison
Partial preview
Sales approach indication
$475k
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
12.1 mi away · 17,342 SF
12.1 mi away · 17,342 SF
12.1 mi away · 17,342 SF
12.1 mi away · 17,342 SF
12.1 mi away · 17,342 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.25M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 26 sales
$3,882
-93%
County 175 sales
$2,009
-87%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $260/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 13 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$72.99M
Move the market yield to see immediate price impact.
Value / SF
$4,473
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$4.60M
$91.97M
$65.69M
$51.09M
$5.11M
$102.19M
$72.99M
$56.77M
$5.62M
$112.41M
$80.29M
$62.45M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$400k
12.1 mi · Dec 2025 · $23/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$636,282
Tax year 2024
Assessed value
$72,991,526
Assessed 2024
Previous assessed
$72,991,526
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$15,000,000
Assessed improvement
$57,991,526
Land market value
$15,000,000
Improvement market value
$57,991,526
Total market value
$72,991,526
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
2000
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
20
Total area
16,320 SF
Lot
18.75 ac (816,750 SF)
Zoning code
HDR
APN
0745.08-98-0557 0014526
UPID
US53-2161098
Jurisdiction
WAKE
Zoning & alternative use
HDR · Morrisville, NCZoning HDR · permitted uses
HDR · Morrisville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The purpose of this zone is to suitable for infill development in established neighborhoods, for development of areas identified as high density residential in the Comprehensive Plan, or areas suited to high density deve…
General category
RESIDENTIAL
Building & site characteristics
From public records
Year built
2000
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
20
Lot
18.75 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
HDR
RESIDENTIAL
Jurisdiction
Morrisville, NC
Recorded code
HDR
Official district
HDR
Official district profile
What the municipal code says about HDR
Zoning description
The purpose of this zone is to suitable for infill development in established neighborhoods, for development of areas identified as high density residential in the Comprehensive Plan, or areas suited to high density deve…
General category
RESIDENTIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for HDR in Morrisville, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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