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Property profile & analytics
OFF-MARKET
Estimated value
$39,960,000
Garden apartment buildings
1200 Deer Hbr Dr Garner, NC 27529-5987
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1776806
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2016
Construction
FRAME
Total area
24,480 SF
Lot
23.49 ac (1,023,224 SF)
Zoning code
CMX
APN
1730.01-07-5460 0340026
UPID
US53-1776806
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$39.96M
Owner & transaction history
Ashley Woods Ga Associates LP · 5 yrs held
Ashley Woods Ga Associates LP
since 2021
Last sale
$53.3M
7 recorded transactions
Zoning & alternative use
CMX · Garner, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is designed to accommodate general commercial, retail, and service activities that serve the whole community. Offices and very light industrial uses may also be appropriate depending on the context. This district serves a wide range of users and may draw customers from outside of the town. it must have good automobile access and access to trans…
Zone name
Commercial Mixed Use
General category
MIXED_USE
Zone area
1,400.57 ac
Source
Realmo
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 Garner submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garner 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$1,632 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$552,204
Tax year 2024
Assessed value
$52,950,597
Assessed 2024
Previous assessed
$52,950,597
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$9,300,000
Assessed improvement
$43,650,597
Land market value
$9,300,000
Improvement market value
$43,650,597
Total market value
$52,950,597
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
2016
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
24
Total area
24,480 SF
Lot
23.49 ac (1,023,224 SF)
Zoning code
CMX
APN
1730.01-07-5460 0340026
UPID
US53-1776806
Jurisdiction
WAKE
Zoning & alternative use
CMX · Garner, NCZoning CMX · permitted uses
CMX · Garner, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is designed to accommodate general commercial, retail, and service activities that serve the whole community. Offices and very light industrial uses may also be appropriate depending on the context. This district serves a wide range of users and may draw customers from outside of the town. it must have good automobile access and access to transit is preferred. Pedestrian connectivity is also important.
Zone name
Commercial Mixed Use
General category
MIXED_USE
Zone area
1,400.57 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2016
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
24
Lot
23.49 ac
Current owner
From public records · entity-resolved
Ashley Woods Ga Associates LP
Entity
Mailing address
168 BUSINESS PARK DR STE #200, VIRGINIA BEACH, VA 23462-6532
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2022
—
Ashley Woods Ga Associates LP
—
Deed
related
$32,522,000 · Berkeley Point Capital LLC
May 14, 2021
$53,250,000
Ashley Woods Ga Associates LP
Dpr Deer Harbor LLC
Special Warranty Deed
$29,287,000 · Berkeley Point Capital LLC
Sep 27, 2018
$35,215
Dpr Deer Harbor LLC
Greenfield Multifamily Invtrs
Grant Deed
$26,592,900 · Berkeley Point Cap
May 21, 2018
—
Greenfield Multifamily Invtrs
—
Deed
related
$26,592,900 · Berkeley Point Cap
Jul 2, 2015
—
Greenfield Multifamily Invtrs
Greenfield Investors LLC
Quit Claim Deed
related
—
Mar 21, 2012
$675,500
Greenfield Investors LLC
Duke Construction LP
Grant Deed
—
Sep 21, 2011
$320,000
Duke Construction LP
Raleigh Props Group II LLC
Grant Deed
—
—
—
Greenfield Multifamily Invtrs
—
Loan Modification
related
$26,592,900 · Berkeley Point Cap
—
—
Greenfield Multifamil Invtrs L
—
Loan Modification
related
$37,470,600 · Hud-housing/urban Dev
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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