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Property profile & analytics
OFF-MARKET
Estimated value
$3,335,000
Garden apartment buildings
1520 Chapel Hl Rd, Durham, NC 27701-2916
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5553532
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2008
Total area
34,335 SF
Lot
3.13 ac (136,343 SF)
Zoning code
RU-M
APN
108630
UPID
US53-5553532
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
$3.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.34M
Owner & transaction history
Willard Street LLC · 6 yrs held
Willard Street LLC
since 2019
7 recorded transactions
Zoning & alternative use
RU-M · Durham, 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 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
by Request
CAP Approach
CAP Return
Estimation
6%
$4,300,000
6.5%
$3,970,000
7%
$3,690,000
Blend value · Realmo final
$3.34M
Range $3.00M – $3.67M · ±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
$97 / 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
Assessed value
$1,586,929
Assessed 2023
Previous assessed
$1,586,929
+0.0% YoY
Assessed land
$320,000
Assessed improvement
$1,266,929
Land market value
$320,000
Improvement market value
$1,266,929
Total market value
$1,586,929
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
2008
Heating
YES
Cooling
YES
Stories
3
Bathrooms
2
Total area
34,335 SF
Lot
3.13 ac (136,343 SF)
Zoning code
RU-M
APN
108630
UPID
US53-5553532
Jurisdiction
DURHAM
Zoning & alternative use
RU-M · Durham, NC
Zoning RU-M · permitted uses
RU-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.
Building & site characteristics
From public records
Year built
2008
Heating
YES
Cooling
Yes
Stories
3
Bathrooms
2
Lot
3.13 ac
Current owner
From public records · entity-resolved
Willard Street LLC
Entity
Mailing address
113 S WILMINGTON ST, RALEIGH, NC 27601-1443
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2019
—
Willard Street LLC
—
Deed
related
$331,575 · Prudential Affordable Mtg
Jul 8, 2019
—
Willard Street LLC
City Of Durham
Grant Deed
related
$3,600,000 · Miscellaneous Govt Agcy
May 27, 2008
—
Help Ventures Fund Self
Self Help Community Develo
Quit Claim Deed
related
—
Aug 21, 2007
—
Self Help Community Developmen
Self,help Ventures Fund
Quit Claim Deed
—
Nov 10, 2005
—
Self-help Community Dev Corp
Federal National Mortgage Assn
Grant Deed
related
—
Jun 27, 2005
$39,015
Fannie Mae
H Terry Hutchens Pa
Trustees Deed
—
—
—
Maplewood Partners LLC
—
Deed Of Trust
related
$300,000 · Dhic INC
—
—
Willard Street LLC
—
Deed Of Trust
related
$331,575 · Prudential Affordable Mtg
—
—
Maplewood Partners LLC
—
Deed Of Trust
related
$700,000 · Self-help Ventures Fund
—
—
Maplewood Partners LLC
—
Deed Of Trust
related
$545,799 · Florida Housing Finance Agency
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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