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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Garden apartment buildings
12697 Nc Hwy 210 Benson, NC 27504-7710
Entity Owned
7-yr Hold
Free & Clear
Property ID
US53-1194761
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2018
Total area
8,982 SF
Lot
9.42 ac (410,335 SF)
Zoning code
RAG
APN
13E05003D
UPID
US53-1194761
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
$800k
CAP Approach
CAP
$1.22M
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$1.02M
Owner & transaction history
Benson Green Associates LP · 7 yrs held
Benson Green Associates LP
since 2018
5 recorded transactions
Zoning & alternative use
RAG · Benson, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+57.9%
Commercial (general)
$850,000
+25.4%
Medical building
$790,000
+16.6%
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 Benson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Benson 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
$800,000
CAP Approach
CAP Return
Estimation
6%
$1,315,000
6.5%
$1,215,000
7%
$1,130,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$675,000
Current use
OFFICE BUILDING
$1,065,000
Change: +58% · Conversion: Moderate
COMMERCIAL (GENERAL)
$850,000
Change: +25% · Conversion: Moderate
MEDICAL BUILDING
$790,000
Change: +17% · Conversion: Moderate
RESTAURANT
$650,000
Change: -4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$635,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±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
$113 / 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
$41,192
Tax year 2024
Assessed value
$5,085,380
Assessed 2024
Previous assessed
$5,085,380
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$282,600
Assessed improvement
$4,802,780
Land market value
$282,600
Improvement market value
$4,802,780
Total market value
$5,085,380
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2018
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
11
Stories
2
Units
8
Bathrooms
2
Total area
8,982 SF
Lot
9.42 ac (410,335 SF)
Zoning code
RAG
APN
13E05003D
UPID
US53-1194761
Jurisdiction
JOHNSTON
Zoning & alternative use
RAG · Benson, NC
Zoning RAG · permitted uses
RAG · Benson, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Benson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$675,000
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$850,000
MEDICAL BUILDING
Est. value
$790,000
RESTAURANT
Est. value
$650,000
AUTO REPAIR, GARAGE
Est. value
$635,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
2018
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
11
Units
8
Bathrooms
2
Lot
9.42 ac
Current owner
From public records · entity-resolved
Benson Green Associates LP
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 87770, FAYETTEVILLE, NC 28304-7770
Ownership since
2018
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
Dec 18, 2019
—
Benson Green Associates LP
—
Deed
related
$5,543,500 · Housing Fin Agcy
Dec 19, 2018
—
Benson Green Associates LP
Benson Green Associates LP
Quit Claim Deed
—
—
—
Benson Green Associates
—
Loan Modification
related
$5,543,500 · Wells Fargo Bk
—
—
Benson Green Associates LP
—
Loan Modification
related
—
—
—
Matthews Douglas G|matthews Thomas F
—
Deed Of Trust
related
$690,000 · Douglas C Jones
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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