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Property profile & analytics
OFF-MARKET
Garden apartment buildings
1202 Carolina Ave Elizabeth City, NC 27909-5419
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-4256264
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1951
Construction
WOOD
Lot
0.25 ac (10,803 SF)
Zoning code
AD1
APN
892310279133
UPID
US53-4256264
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
Dylan Rose Holdings LLC · 1 yrs held
Dylan Rose Holdings LLC
since 2025
4 recorded transactions
Zoning & alternative use
AD1 · Elizabeth City, 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 Elizabeth City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elizabeth City 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 2023Property tax & assessments
Tax year 2023
Assessed value
$252,800
Assessed 2023
Previous assessed
$252,800
+0.0% YoY
Land market value
$53,000
Improvement market value
$199,800
Total market value
$252,800
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
1951
Construction
WOOD
Heating
ELECTRIC
Units
8
Lot
0.25 ac (10,803 SF)
Zoning code
AD1
APN
892310279133
UPID
US53-4256264
Jurisdiction
PASQUOTANK
Zoning & alternative use
AD1 · Elizabeth City, NC
Zoning AD1 · permitted uses
AD1 · Elizabeth City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elizabeth City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1951
Construction
WOOD
Heating
ELECTRIC
Units
8
Lot
0.25 ac
Current owner
From public records · entity-resolved
Dylan Rose Holdings LLC
Entity
Mailing address
PO BOX 151, MOYOCK, NC 27958-0151
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2025
—
Dylan Rose Holdings LLC
Jason L Fluegel
Warranty Deed
$415,000 · Abnb FCU
Sep 3, 2021
$375,000
Jason L Fluegel
Adf Properties LLC
Warranty Deed
$300,000 · Atlantic Union Bank
Aug 16, 2018
$287,500
Adf Properties LLC
Kdm North Carolina LLC
Warranty Deed
$258,750 · Kdm North Carolina LLC
Nov 21, 2017
$24,000
Kdm North Carolina LLC
Mildred H Roughton
Warranty Deed
—
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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