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Property profile & analytics
OFF-MARKET
Estimated value
$2,550,000
Garden apartment buildings
1620 Tpke Rd, Laurinburg, NC 28352-8794
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-3013913
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1998
Construction
FRAME
Total area
8,626 SF
Lot
23.15 ac (1,008,414 SF)
Zoning code
R6
APN
010212 01031
UPID
US53-3013913
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
$3.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.55M
Owner & transaction history
3145 Union Avenue Corp · 5 yrs held
3145 Union Avenue Corp
since 2020
Last sale
$1.9M
1 recorded transaction
Zoning & alternative use
R6 · Laurinburg, 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 Laurinburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Laurinburg 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
$3,470,000
ML approach
$3,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.55M
Range $2.30M – $2.81M · ±10% · vs last sale $1.85M (Dec 2 2020)
Last sale anchor
$1.85M
Dec 2 2020
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
$296 / 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
Property tax & assessments
Assessed value
$1,715,970
Assessed 2024
Previous assessed
$1,716,090
0.0% YoY
Assessed land
$147,800
Assessed improvement
$1,568,170
Total market value
$1,715,970
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
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
1998
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
4
Stories
2
Units
8
Bathrooms
4
Total area
8,626 SF
Lot
23.15 ac (1,008,414 SF)
Zoning code
R6
APN
010212 01031
UPID
US53-3013913
Jurisdiction
SCOTLAND
Zoning & alternative use
R6 · Laurinburg, NC
Zoning R6 · permitted uses
R6 · Laurinburg, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Laurinburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
4
Units
8
Bathrooms
4
Lot
23.15 ac
Current owner
From public records · entity-resolved
3145 Union Avenue Corp
Entity
Mailing address
PO BOX 98, EAST TEXAS, PA 18046-0098
Ownership since
2020
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
Dec 2, 2020
$1,850,000
3145 Union Avenue Corp
Oban Woods Lc
Special Warranty Deed
$1,000,000 · Oban Woods LLC
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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