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Property profile & analytics
OFF-MARKET
Estimated value
$1,770,000
Garden apartment buildings
1202 Hyde Park Ave, Durham, NC 27701-3537
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0842911
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1972
Total area
4,500 SF
Lot
1.07 ac (46,609 SF)
Zoning code
RS-M
APN
111039
UPID
US53-0842911
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
$1.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.77M
Owner & transaction history
Greenfield Ventures Global LLC · 2 yrs held
Greenfield Ventures Global LLC
since 2024
Last sale
$1.8M
5 recorded transactions
Zoning & alternative use
RS-M · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+4.4%
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
$1,770,000
ML approach
$1,770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,660,000
Current use
COMMERCIAL (GENERAL)
$1,735,000
Change: +4% · Conversion: Moderate
OFFICE BUILDING
$1,540,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$1.77M
Range $1.59M – $1.95M · ±10% · vs last sale $1.77M (Jun 20 2024)
Last sale anchor
$1.77M
Jun 20 2024
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
$393 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,854
Tax year 2023
Assessed value
$276,307
Assessed 2024
Previous assessed
$276,307
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$45,000
Assessed improvement
$231,307
Land market value
$45,000
Improvement market value
$231,307
Total market value
$276,307
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
1972
Heating
YES
Cooling
YES
Stories
2
Bathrooms
4
Total area
4,500 SF
Lot
1.07 ac (46,609 SF)
Zoning code
RS-M
APN
111039
UPID
US53-0842911
Jurisdiction
DURHAM
Zoning & alternative use
RS-M · Durham, NC
Zoning RS-M · permitted uses
RS-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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1972
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
4
Lot
1.07 ac
Current owner
From public records · entity-resolved
Greenfield Ventures Global LLC
Entity
Mailing address
8801 FAST PARK DR STE #301, RALEIGH, NC 27617-4853
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2024
—
Greenfield Ventures Global LLC
Greenfield Ventures Nc LLC
Intrafamily Transfer
related
$1,247,500 · Corevest American Finance Lender Ll
Oct 12, 2018
$1,770,000
Greenfield Ventures Nc LLC
Durhaminvest LLC
Warranty Deed
$1,540,200 · Select Bank & Trust Co
Sep 26, 2018
$54,426
Durhaminvest LLC
Glass Philip A|tilley,iris M & Thomas E
Trustees Deed
—
Dec 30, 2011
$54,426
Durhaminvest LLC
Glass,philip A
Trustees Deed
related
—
Feb 11, 2010
—
George,melba Tr
Tilley,iris M
Grant Deed
related
—
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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