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Property profile & analytics
OFF-MARKET
Estimated value
$1,970,000
Garden apartment buildings
20 Pne Hall Dr, Clayton, NC 27527-8100
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-4784034
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2018
Total area
22,428 SF
Lot
19.98 ac (870,329 SF)
Zoning code
COM
APN
05I04003V
UPID
US53-4784034
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
by Request
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$1.97M
Owner & transaction history
Lwb Clayton Apartments LLC · 6 yrs held
Lwb Clayton Apartments LLC
since 2019
3 recorded transactions
Zoning & alternative use
COM · Clayton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.2M
+135.8%
Restaurant
$2.7M
+101.3%
Auto repair, garage
$2.3M
+72.1%
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 Clayton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clayton 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,335,000
Current use
OFFICE BUILDING
$3,150,000
Change: +136% · Conversion: Moderate
RESTAURANT
$2,690,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,300,000
Change: +72% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,290,000
Change: +72% · Conversion: Moderate
MEDICAL BUILDING
$1,590,000
Change: +19% · Conversion: Moderate
RETAIL STORES
$1,515,000
Change: +14% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,430,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$1.97M
Range $1.77M – $2.17M · ±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
$88 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$493,586
Tax year 2024
Assessed value
$37,392,860
Assessed 2024
Previous assessed
$37,392,860
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$2,610,990
Assessed improvement
$34,781,870
Land market value
$2,610,990
Improvement market value
$34,781,870
Total market value
$37,392,860
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
2018
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
11
Stories
3
Units
24
Total area
22,428 SF
Lot
19.98 ac (870,329 SF)
Zoning code
COM
APN
05I04003V
UPID
US53-4784034
Jurisdiction
JOHNSTON
Zoning & alternative use
COM · Clayton, NC
Zoning COM · permitted uses
COM · Clayton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clayton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$3.2M
RESTAURANT
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Buildings
11
Units
24
Lot
19.98 ac
Current owner
From public records · entity-resolved
Lwb Clayton Apartments LLC
Entity
Mailing address
PO BOX 1328, CARY, NC 27512-1328
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2019
—
Lwb Clayton Apartments LLC
Lwb Properties LLC
Quit Claim Deed
$25,500,000 · Miscellaneous Ins Co
Jul 12, 2018
—
Lwb Properties LLC
—
Grant Deed
related
$20,000,000 · Branch Bk&tr
May 11, 2018
$2,450,100
Lwb Properties LLC
Pines At Glen Laurel LLC
Grant Deed
—
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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