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Property profile & analytics
OFF-MARKET
Estimated value
$3,610,000
Garden apartment buildings
1200 Leon St, Durham, NC 27705-3484
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0583276
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1962
Total area
64,672 SF
Lot
3.78 ac (164,657 SF)
Zoning code
RU-M
APN
106396
UPID
US53-0583276
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
$2.27M
Blend (final)
Blend
$3.61M
Owner & transaction history
Oaks At Northgate Investor Group Ll · 6 yrs held
Oaks At Northgate Investor Group Ll
since 2019
7 recorded transactions
Zoning & alternative use
RU-M · Durham, 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 Durham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Durham 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.61M
Range $3.25M – $3.97M · ±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
$56 / 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
$63,425
Tax year 2024
Assessed value
$4,841,972
Assessed 2024
Previous assessed
$4,841,972
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$640,000
Assessed improvement
$4,201,972
Land market value
$640,000
Improvement market value
$4,201,972
Total market value
$4,841,972
Applied tax rate
1.0000
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
1962
Heating
YES
Cooling
YES
Stories
2
Total area
64,672 SF
Lot
3.78 ac (164,657 SF)
Zoning code
RU-M
APN
106396
UPID
US53-0583276
Jurisdiction
DURHAM
Zoning & alternative use
RU-M · Durham, NC
Zoning RU-M · permitted uses
RU-M · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Durham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Heating
YES
Cooling
Yes
Stories
2
Lot
3.78 ac
Current owner
From public records · entity-resolved
Oaks At Northgate Investor Group Ll
Entity
Mailing address
7 PENN PLZ #1400, NEW YORK, NY 10001-3967
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2023
—
Oaks At Northgate Investor Group Ll
—
Deed
related
$6,000,000 · Arbor Commercial Funding LLC
Jul 16, 2019
$31,958,000
Oaks At Northgate Investor Group Ll
Oaks Northgate Cgc LLC
Special Warranty Deed
—
Jul 16, 2019
—
Oaksat Northgate Investor Group LLC
Oaks Northgate Cgc LLC
Deed
$25,500,000 · Arbor Commercial Funding LLC
Feb 16, 2018
$4,800,000
Oaks Northgate Cgc LLC
1200 Leon Street LLC
Grant Deed
—
Feb 16, 2018
—
Oaks Northgate Cgc LLC
1200 Leon Street LLC
Grant Deed
—
Apr 21, 2016
$3,500,000
1200 Leon Street LLC
Leon Holdings LLC
Special Warranty Deed
$2,850,000 · Paragon
Nov 18, 2008
$2,150,000
Leon Holdings LLC
Brogden 64 LLC
Grant Deed
—
Nov 18, 2008
—
Leon Holdings LLC
Brogden 64 LLC
Grant Deed
related
—
—
—
Leon Holdings LLC
—
Deed Of Trust
related
$2,275,000 · Standard Insurance Co
—
—
Leon Holdings LLC
—
Deed Of Trust
related
$100,000 · Brodgen 64 LLC
—
—
Leon Holdings LLC
—
Deed Of Trust
related
$416,000 · Brogden 64 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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