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Property profile & analytics
OFF-MARKET
Garden apartment buildings
128 Cedar Ave 1 Hudson, NC 28638-2205
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US53-1872071
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,319 SF
Lot
0.57 ac (24,750 SF)
APN
03 9 1 30
UPID
US53-1872071
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
Current use
Occupant on record · Public records
-
St John's Evangelical Lutheran Church Cemetery Cemetery
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
Dreemo Group LLC · 9 yrs held
Dreemo Group LLC
since 2016
7 recorded transactions
Zoning & alternative use
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 Hudson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hudson 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
Property tax & assessments
Assessed value
$118,900
Assessed 2024
Previous assessed
$118,900
+0.0% YoY
Assessed land
$18,200
Assessed improvement
$100,700
Land market value
$18,200
Improvement market value
$100,700
Total market value
$118,900
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
1
Stories
1
Bathrooms
20
Total area
3,319 SF
Lot
0.57 ac (24,750 SF)
APN
03 9 1 30
UPID
US53-1872071
Jurisdiction
CALDWELL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
20
Lot
0.57 ac
Current owner
From public records · entity-resolved
Dreemo Group LLC
Entity
Mailing address
56 WILLIAM REECE LN, TAYLORSVILLE, NC 28681-8034
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2016
$480,000
Dreemo Group LLC
Nes Properties LLC
Warranty Deed
$450,000 · First Cmnty Bk
Aug 23, 2013
—
Nes Properties LLC
Nes Properties LLC
Quit Claim Deed
related
—
Oct 6, 2008
$155,000
Nes Properties LLC
Hmv Investments LLC
Warranty Deed
$250,000 · Capital Bank NA
May 2, 2008
$100,000
Hmv Investments LLC
High Country Bank
Warranty Deed
—
Jan 16, 2008
$180,505
High Country Bank
Whittle,chester E JR
Trustees Deed
related
—
—
—
Nes Properties LLC
—
Deed Of Trust
related
$228,808 · Capital Bank NA
—
—
Nes Properties LLC
—
Deed Of Trust
related
$408,000 · Trupoint Bk
—
—
Nes Properties LLC
—
Deed Of Trust
related
$20,000 · Capital Bank NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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