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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Garden apartment buildings
1380 1st Edition Dr Durham, NC 27703-0790
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-3069470
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Lot
12.05 ac (524,898 SF)
Zoning code
PDR
APN
231271
UPID
US53-3069470
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
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$720k
Owner & transaction history
Lc Brier Creek II LLC · 3 yrs held
Lc Brier Creek II LLC
since 2022
1 recorded transaction
Zoning & alternative use
PDR · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The PDR District is established to allow for design flexibility in residentialdevelopment. The district is intended to encourage efficient use of the land and public services and to promote high quality design that will provide a variety of dwelling types as well as adequate support services andopen spacefor the residents of thedevelopment. The district regu…
Zone name
Planned Development Residential
General category
PLANNED_DEVELOPMENT
Zone area
18,415.13 ac
Source
Realmo
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
by Request
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$720k
Range $648k – $792k · ±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
—
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
$270,896
Tax year 2024
Assessed value
$19,420,429
Assessed 2024
Previous assessed
$19,420,429
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$978,600
Assessed improvement
$18,441,829
Land market value
$978,600
Improvement market value
$18,441,829
Total market value
$19,420,429
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
Lot
12.05 ac (524,898 SF)
Zoning code
PDR
APN
231271
UPID
US53-3069470
Jurisdiction
DURHAM
Zoning & alternative use
PDR · Durham, NCZoning PDR · permitted uses
PDR · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The PDR District is established to allow for design flexibility in residentialdevelopment. The district is intended to encourage efficient use of the land and public services and to promote high quality design that will provide a variety of dwelling types as well as adequate support services andopen spacefor the residents of thedevelopment. The district regulations are intended to allow innovativedevelopmentthat is integrated with proposedadjacentuses and compatible with existing patterns ofdevelopment.
Zone name
Planned Development Residential
General category
PLANNED_DEVELOPMENT
Zone area
18,415.13 ac
Source
Realmo
Building & site characteristics
From public records
Lot
12.05 ac
Current owner
From public records · entity-resolved
Lc Brier Creek II LLC
Entity
Mailing address
230 WW ST STE #200, COLUMBUS, OH 43215-2655
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2022
—
Lc Brier Creek II LLC
Lc Brier Creek LLC
Special Warranty Deed
$54,000,000 · Us 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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