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Property profile & analytics
OFF-MARKET
Estimated value
$2,105,000
Garden apartment buildings
212 Peartree Ln, Raleigh, NC 27610-1838
Individually Owned
2-yr Hold
Free & Clear
Property ID
US53-1137101
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1983
Construction
FRAME
Total area
6,976 SF
Lot
0.7 ac (30,492 SF)
Zoning code
R-10
APN
1724.17-11-0008 0042716
UPID
US53-1137101
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
$2.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.11M
Owner & transaction history
Rosalin Chen · 2 yrs held
Rosalin Chen
since 2023
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
R-10 · Raleigh, 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 Raleigh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raleigh 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
$2,060,000
ML approach
$2,080,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.11M
Range $1.89M – $2.32M · ±10% · vs last sale $2.14M (Jul 27 2023)
Last sale anchor
$2.14M
Jul 27 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
$302 / 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
$2,137
Tax year 2023
Assessed value
$748,788
Assessed 2023
Previous assessed
$748,788
+0.0% YoY
Effective rate
0.29%
On assessed value
Assessed land
$196,000
Assessed improvement
$552,788
Land market value
$196,000
Improvement market value
$552,788
Total market value
$748,788
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
1983
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
7
Rooms
35
Total area
6,976 SF
Lot
0.7 ac (30,492 SF)
Zoning code
R-10
APN
1724.17-11-0008 0042716
UPID
US53-1137101
Jurisdiction
WAKE
Zoning & alternative use
R-10 · Raleigh, NC
Zoning R-10 · permitted uses
R-10 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Raleigh. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
7
Rooms
35
Lot
0.7 ac
Current owner
From public records · entity-resolved
Rosalin Chen
Individual
Free & Clear · 2 yrs held
Mailing address
50 S DRAKE RD, ARCADIA, CA 91007
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2023
$2,140,000
Rosalin Chen
Peartree Partners LLC
Special Warranty Deed
—
Oct 10, 2022
—
Peartree Partners LLC
—
Deed
related
$68,000 · Ubank
Sep 8, 2021
$825,000
Peartree Partners LLC
4sk Investments LLC
Warranty Deed
$918,425 · Ubank
Sep 19, 2016
$521,000
4sk Investments LLC
212 Ptre LLC
Warranty Deed
—
Jun 19, 2013
—
212 Ptre LLC
—
Trustees Deed
related
$100,000 · First Federal Savings Bank
Jun 13, 2013
—
212 Ptre LLC
Lion Rabbit Prop Holdings LLC
Warranty Deed
related
—
Dec 13, 2012
$305,000
Lion Rabbit Prop Holdings LLC
Saleh,may I
Warranty Deed
related
$400,000 · First Federal Savings Bank
Feb 28, 2002
—
May I Etal Saleh
Saleh,may I
Quit Claim Deed
related
—
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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