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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
High-rise multifamily apartments
1308 Hayne St Monroe, NC 28112-6280
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US53-5669559
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2001
Construction
WOOD
Total area
7,836 SF
Lot
2.09 ac (90,910 SF)
Zoning code
R-MF MONROE
APN
09-237-056
UPID
US53-5669559
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
$990k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$870k
Owner & transaction history
Cedar Bend Rentals LLC · 13 yrs held
Cedar Bend Rentals LLC
since 2013
7 recorded transactions
Zoning & alternative use
R-MF MONROE · Monroe, 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 Monroe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monroe 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,070,000
6.5%
$990,000
7%
$920,000
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
$111 / 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
$13,009
Tax year 2023
Assessed value
$1,192,900
Assessed 2023
Previous assessed
$1,192,900
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$50,800
Assessed improvement
$1,142,100
Land market value
$50,800
Improvement market value
$1,142,100
Total market value
$1,192,900
Applied tax rate
200.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2001
Construction
WOOD
Heating
YES
Buildings
2
Stories
2
Bathrooms
1
Total area
7,836 SF
Lot
2.09 ac (90,910 SF)
Zoning code
R-MF MONROE
APN
09-237-056
UPID
US53-5669559
Jurisdiction
UNION
Zoning & alternative use
R-MF MONROE · Monroe, NC
Zoning R-MF MONROE · permitted uses
R-MF MONROE · Monroe, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monroe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Construction
WOOD
Heating
YES
Stories
2
Buildings
2
Bathrooms
1
Lot
2.09 ac
Current owner
From public records · entity-resolved
Cedar Bend Rentals LLC
Entity
Mailing address
15105TH JOHN J DELANEY DR #169, CHARLOTTE, NC 28277-2741
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2013
$1,050,000
Cedar Bend Rentals LLC
Real Art Property Invesmtnets LLC
Warranty Deed
$800,000 · Branch Banking And Trust Co
Mar 8, 2004
—
Real-art Prop Investments LLC
Vodlan,joseph & Silva
Grant Deed
related
—
Feb 25, 2004
—
Real Art Property Investments
Vodlan,joseph
Trustees Deed
related
—
Jan 6, 2004
$950,000
Joseph Vodlan
Tucker,david N & Vada B
Warranty Deed
$500,000 · Central Carolina Bank & Trust
Jan 5, 2004
$950,000
Vodlan,joseph
Tucker,david N
Trustees Deed
—
Jun 21, 2001
$20,000
David N Tucker
Phillips,ronald
Grant Deed
—
—
—
Real-art Property Invs LLC
—
Deed Of Trust
related
$402,236 · Suntrust 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.
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