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Property profile & analytics
OFF-MARKET
Estimated value
$4,645,000
Apartment buildings
207 Hartley Dr High Point, NC 27265-2903
Individually Owned
3-yr Hold
Free & Clear
Property ID
US53-2360153
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1999
Total area
12,306 SF
Lot
5.32 ac (231,739 SF)
Zoning code
RM
APN
197216
UPID
US53-2360153
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
$4.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.65M
Owner & transaction history
Franklin Ridge Essential Housing Ll · 3 yrs held
Franklin Ridge Essential Housing Ll
since 2023
Last sale
$4.4M
2 recorded transactions
Zoning & alternative use
RM · High Point, NC
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 High Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs High Point 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
$5,080,000
ML approach
$4,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.65M
Range $4.18M – $5.11M · ±10% · vs last sale $4.40M (Apr 19 2023)
Last sale anchor
$4.40M
Apr 19 2023
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
$377 / 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
$52,579
Tax year 2023
Assessed value
$3,703,100
Assessed 2023
Previous assessed
$3,703,100
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$665,000
Assessed improvement
$3,038,100
Land market value
$665,000
Improvement market value
$3,038,100
Total market value
$3,703,100
Applied tax rate
2.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1999
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
5
Stories
3
Units
12
Bathrooms
74
Total area
12,306 SF
Lot
5.32 ac (231,739 SF)
Zoning code
RM
APN
197216
UPID
US53-2360153
Jurisdiction
GUILFORD
Zoning & alternative use
RM · High Point, NCZoning RM · permitted uses
RM · High Point, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning (MapServer)
Building & site characteristics
From public records
Year built
1999
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Buildings
5
Units
12
Bathrooms
74
Lot
5.32 ac
Current owner
From public records · entity-resolved
Franklin Ridge Essential Housing Ll
Individual
Free & Clear · 3 yrs held
Mailing address
6601 VENTNOR AVE STE #23, VENTNOR CITY, NJ 08406-2172
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2023
$4,401,500
Franklin Ridge Essential Housing Ll
Franklin Hh LLC
Special Warranty Deed
—
Aug 10, 2018
$1,850,000
Franklin Harmony Housing LLC
Franklin Ridge 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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