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Property profile & analytics
OFF-MARKET
Garden apartment buildings
1200 Person St, Raleigh, NC 27601-2653
Individually Owned
Absentee Owner
Free & Clear
Property ID
US53-2233298
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2024
Construction
FRAME
Total area
17,342 SF
Lot
3.31 ac (144,184 SF)
Zoning code
PD
APN
1703.16-73-8645 0506976
UPID
US53-2233298
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
by Request
Owner & transaction history
Corinne Secrest
Corinne Secrest
since 2025
Last sale
$418,000
7 recorded transactions
Zoning & alternative use
PD · Raleigh, 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 Raleigh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raleigh 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
—
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
$28,793
Tax year 2024
Assessed value
$3,315,269
Assessed 2024
Previous assessed
$3,315,269
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$2,880,000
Assessed improvement
$435,269
Land market value
$2,880,000
Improvement market value
$435,269
Total market value
$3,315,269
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
2024
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
4
Units
10
Total area
17,342 SF
Lot
3.31 ac (144,184 SF)
Zoning code
PD
APN
1703.16-73-8645 0506976
UPID
US53-2233298
Jurisdiction
WAKE
Zoning & alternative use
PD · Raleigh, NC
Zoning PD · permitted uses
PD · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Raleigh. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2024
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
4
Units
10
Lot
3.31 ac
Current owner
From public records · entity-resolved
Corinne Secrest
Individual
Free & Clear · 0 yrs held
Mailing address
1210 S PO BOX 12994TH ALY #201, RALEIGH, NC 27605-2994
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
82 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2025
$418,000
Corinne Secrest
Stanley Martin Homes LLC
Special Warranty Deed
—
Dec 5, 2025
$400,000
Razvan Brebenica
Stanley Martin Homes LLC
Special Warranty Deed
—
Dec 2, 2025
$607,000
Andrew Ralph Biello
Stanley Martin Homes LLC
Special Warranty Deed
—
Nov 17, 2025
$615,500
Ethan Rudge
Stanley Martin Homes LLC
Special Warranty Deed
$553,716 · First Heritage Mortgage LLC
Nov 10, 2025
$422,000
Ricardo Leonardo Goldstein
Stanley Martin Homes LLC
Special Warranty Deed
$295,400 · First Heritage Mortgage LLC
Nov 6, 2025
$525,000
Matthew David Bradley
Stanley Martin Homes LLC
Special Warranty Deed
$393,750 · First Heritage Mortgage LLC
Sep 25, 2025
$450,000
Nimish Patel Kamya
Stanley Martin Homes LLC
Special Warranty Deed
—
Sep 22, 2025
$428,000
Keegan D Garner
Stanley Martin Homes LLC
Special Warranty Deed
—
Sep 18, 2025
$606,500
The Wendell And Carina Family Trust
Stanley Martin Homes LLC
Special Warranty Deed
—
Sep 15, 2025
$469,000
Carroll Keenan
Stanley Martin Homes LLC
Special Warranty Deed
$375,200 · First Heritage Mortgage LLC
Sep 15, 2025
$454,500
Walter Van Scoter
Stanley Martin Homes LLC
Special Warranty Deed
—
Sep 11, 2025
$537,000
Rebecca Panella
Stanley Martin Homes LLC
Special Warranty Deed
$456,450 · First Heritage Mortgage LLC
Sep 10, 2025
$467,000
Olivia Berger
Stanley Martin Homes LLC
Special Warranty Deed
$373,472 · Rocket Mortgage LLC
Sep 9, 2025
$593,500
Eric Williams
Stanley Martin Homes LLC
Special Warranty Deed
—
Sep 8, 2025
$605,500
Benjamin Derek Eve
Stanley Martin Homes LLC
Special Warranty Deed
$574,890 · First Heritage Mortgage LLC
Sep 3, 2025
—
Nirmal Kumar Veerasamy & Ajeetha Pa
Nirmal Veerasamy
Deed
related
—
Jul 16, 2025
$473,000
Zahid Riaz
Stanley Martin Homes LLC
Special Warranty Deed
—
Jun 26, 2025
$454,000
David J Mcneill
Stanley Martin Homes LLC
Special Warranty Deed
—
Jun 26, 2025
$434,000
David J Mcneill
Stanley Martin Homes LLC
Special Warranty Deed
—
Jun 20, 2025
$525,000
Adrianne Pinkney
Stanley Martin Homes LLC
Special Warranty Deed
—
Jun 20, 2025
$472,500
Meena Dorr
Stanley Martin Homes LLC
Special Warranty Deed
—
Jun 17, 2025
$541,000
James Bishop Huey
Stanley Martin Homes LLC
Special Warranty Deed
$486,666 · First Heritage Mortgage LLC
Jun 13, 2025
$444,500
Thomas Prinslow
Stanley Martin Homes LLC
Special Warranty Deed
$399,861 · First Heritage Mortgage LLC
Jun 13, 2025
$558,000
Daniel Miclausi
Stanley Martin Homes LLC
Special Warranty Deed
—
Jun 4, 2025
$425,000
Thomas B Rogers JR
Stanley Martin Homes LLC
Special Warranty Deed
$318,750 · First Heritage Mortgage LLC
Jun 2, 2025
$394,000
Deborah Nillas
Stanley Martin Homes LLC
Special Warranty Deed
—
May 30, 2025
$535,000
Stephanie Hastings
Stanley Martin Homes LLC
Special Warranty Deed
$508,250 · First Heritage Mortgage LLC
May 30, 2025
$502,000
Randy James Stark
Stanley Martin Homes LLC
Special Warranty Deed
$401,600 · First Heritage Mortgage LLC
May 21, 2025
$495,000
Anna Baucomhitch
Stanley Martin Homes LLC
Special Warranty Deed
—
May 20, 2025
$502,500
Lucia Olson
Stanley Martin Homes LLC
Special Warranty Deed
—
May 19, 2025
$408,000
Adriel Rose Tomek
Stanley Martin Homes LLC
Special Warranty Deed
$367,200 · First Heritage Mortgage LLC
May 19, 2025
$514,000
William James Mcnaughton
Stanley Martin Homes LLC
Special Warranty Deed
$488,252 · First Heritage Mortgage LLC
May 14, 2025
$400,000
Joshua Michael Lamm
Stanley Martin Homes LLC
Special Warranty Deed
—
May 14, 2025
$420,000
James Edward Hoch
Stanley Martin Homes LLC
Special Warranty Deed
$340,200 · First Heritage Mortgage LLC
May 14, 2025
$412,000
Camden Duchesneau
Stanley Martin Homes LLC
Special Warranty Deed
$136,550 · First Heritage Mortgage LLC
May 13, 2025
$449,000
Lisa Bielke
Stanley Martin Homes LLC
Special Warranty Deed
$403,550 · First Heritage Mortgage LLC
Mar 31, 2025
$600,000
Scott Colbacchini
Stanley Martin Homes LLC
Special Warranty Deed
$450,000 · T2 Financial LLC
Mar 31, 2025
$435,000
Matthew Thomas
Stanley Martin Homes LLC
Special Warranty Deed
$391,500 · First Heritage Mortgage LLC
Mar 31, 2025
$459,500
Heather N Hamilton
Stanley Martin Homes LLC
Special Warranty Deed
$413,361 · First Heritage Mortgage LLC
Mar 31, 2025
$445,000
Nirmal Veerasamy
Stanley Martin Homes LLC
Special Warranty Deed
$311,500 · First Heritage Mortgage LLC
Mar 28, 2025
$527,500
Collins Barwick Plato IV
Stanley Martin Homes LLC
Special Warranty Deed
$448,365 · First Heritage Mortgage LLC
Mar 28, 2025
$576,500
Allison Rose Lyons
Stanley Martin Homes LLC
Special Warranty Deed
—
Mar 27, 2025
$430,000
Jolanta Ozatalay
Stanley Martin Homes LLC
Special Warranty Deed
$408,500 · First Heritage Mortgage LLC
Mar 27, 2025
$465,000
Beth Bullard
Stanley Martin Homes LLC
Special Warranty Deed
$371,790 · First Heritage Mortgage LLC
Jan 23, 2025
$415,000
Vicente Mosqueda
Stanley Martin Homes LLC
Special Warranty Deed
$290,500 · First Heritage Mortgage LLC
Jan 7, 2025
—
Tyree Morgan
Larry Tyree
Deed
related
—
Dec 30, 2024
$553,500
James T Baynum III
Stanley Martin Homes LLC
Special Warranty Deed
$442,792 · First Heritage Mortgage LLC
Dec 30, 2024
$462,000
Aster G Abrha
Stanley Martin Homes LLC
Special Warranty Deed
$415,611 · First Heritage Mortgage LLC
Dec 30, 2024
$577,000
Mark R Tomlin
Stanley Martin Homes LLC
Special Warranty Deed
$396,790 · First Heritage Mortgage LLC
Dec 30, 2024
$565,000
Fayetteville Ventures LLC
Stanley Martin Homes LLC
Special Warranty Deed
—
Dec 30, 2024
$405,000
Brian Mcgillicuddy
Stanley Martin Homes LLC
Special Warranty Deed
$175,000 · Movement Mortgage
Dec 30, 2024
$417,000
Michael Alan Flegle
Stanley Martin Homes LLC
Special Warranty Deed
—
Dec 23, 2024
—
Alliance Realty Solutions LLC
Douglass A Christie
Warranty Deed
—
Dec 23, 2024
$400,000
Alex Huynh
Stanley Martin Homes LLC
Special Warranty Deed
$320,000 · First Heritage Mortgage LLC
Dec 20, 2024
$495,000
Benjamin A Mcelroy
Stanley Martin Homes LLC
Special Warranty Deed
$470,240 · First Heritage Mortgage LLC
Dec 20, 2024
$489,500
Nathaniel Hill
Stanley Martin Homes LLC
Special Warranty Deed
$342,643 · First Heritage Mortgage LLC
Dec 19, 2024
$379,000
Jada M Johnson
Stanley Martin Homes LLC
Special Warranty Deed
$354,000 · First Heritage Mortgage LLC
Dec 19, 2024
$375,000
Danielle House
Stanley Martin Homes LLC
Special Warranty Deed
$275,000 · First Heritage Mortgage LLC
Dec 16, 2024
$400,000
Yuyang Wang
Stanley Martin Homes LLC
Special Warranty Deed
$300,000 · First Heritage Mortgage LLC
Dec 16, 2024
$548,000
Nicholas Gates
Stanley Martin Homes LLC
Special Warranty Deed
$300,000 · First Heritage Mortgage LLC
Nov 21, 2024
—
Chesson Investments LLC
Matthew Boyd Chesson
Deed
related
—
Nov 14, 2024
$397,000
Matthew Boyd Chesson
Stanley Martin Homes LLC
Special Warranty Deed
—
Nov 8, 2024
$450,000
Nancy Elizabeth Watson
Stanley Martin Homes LLC
Special Warranty Deed
$360,000 · First Heritage Mortgage LLC
Nov 5, 2024
$505,500
Trevor Duncan
Stanley Martin Homes LLC
Special Warranty Deed
$429,650 · State Employees Cu
Nov 1, 2024
$566,500
Brianna Catherine Hicks
Stanley Martin Homes LLC
Special Warranty Deed
$506,240 · First Heritage Mortgage LLC
Oct 30, 2024
$498,500
Kristopher Mclamb
Stanley Martin Homes LLC
Special Warranty Deed
$398,792 · First Heritage Mortgage LLC
Oct 28, 2024
$572,000
Ramon Romero
Stanley Martin Homes LLC
Special Warranty Deed
$321,790 · First Heritage Mortgage LLC
Oct 11, 2024
$573,000
Phuc Tran
Stanley Martin Homes LLC
Special Warranty Deed
—
Oct 10, 2024
$415,000
Vishal Ruparelia
Stanley Martin Homes LLC
Special Warranty Deed
$373,500 · First Heritage Mortgage LLC
Oct 10, 2024
$566,500
Alexandra
Stanley Martin Homes LLC
Special Warranty Deed
$452,832 · Crosscountry Mortgage LLC
Oct 7, 2024
$480,500
Saahil Madhiwala
Stanley Martin Homes LLC
Special Warranty Deed
$300,000 · First Citizens Bank & Trust Co
Oct 1, 2024
$444,000
Danielle Partin
Stanley Martin Homes LLC
Special Warranty Deed
$355,032 · First Heritage Mortgage LLC
Sep 30, 2024
$481,000
Pu P Ou
Stanley Martin Homes LLC
Special Warranty Deed
$336,693 · First Heritage Mortgage LLC
Sep 27, 2024
$434,000
Michael Floyd
Stanley Martin Homes LLC
Special Warranty Deed
$314,164 · State Employees Cu
Sep 27, 2024
$443,000
Larry Tyree
Stanley Martin Homes LLC
Special Warranty Deed
—
Sep 24, 2024
$458,500
Paula Mcdonald
Stanley Martin Homes LLC
Special Warranty Deed
$366,632 · Jpmorgan Chase Bank NA
Sep 24, 2024
$462,000
Bich Truong Gordon Hong
Stanley Martin Homes LLC
Special Warranty Deed
—
Sep 23, 2024
$425,000
Salvatore Arena JR
Stanley Martin Homes LLC
Special Warranty Deed
$340,000 · First Heritage Mortgage LLC
Sep 18, 2024
$487,500
Christie Douglass
Stanley Martin Homes LLC
Special Warranty Deed
$200,000 · First Heritage Mortgage LLC
Sep 17, 2024
$415,000
Blair Linthicum
Stanley Martin Homes LLC
Special Warranty Deed
—
Sep 17, 2024
$518,000
Andrew G Stafford
Stanley Martin Homes LLC
Special Warranty Deed
$252,030 · First Heritage Mortgage LLC
Sep 13, 2024
$561,000
Caitlin Kurtz
Stanley Martin Homes LLC
Special Warranty Deed
$504,666 · First Heritage Mortgage 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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