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Property profile & analytics
OFF-MARKET
Estimated value
$17,920,000
Apartment buildings
2122 Chester Rdg Dr 2124 High Point, NC 27262-8542
Entity Owned
4-yr Hold
Property ID
US53-1363859
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Total area
24,480 SF
Lot
12.52 ac (545,371 SF)
Zoning code
RM
APN
176191
UPID
US53-1363859
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
$16.28M
Blend (final)
Blend
$17.92M
Owner & transaction history
Sreit Eastchester Ridge LLC · 4 yrs held
Sreit Eastchester Ridge LLC
since 2021
Last sale
$22.8M
3 recorded transactions
Zoning & alternative use
RM · High Point, 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 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
$17,225,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$17.92M
Range $16.13M – $19.71M · ±10% · vs last sale $22.77M (Dec 2 2021)
Last sale anchor
$22.77M
Dec 2 2021
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
$732 / 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
$301,787
Tax year 2023
Assessed value
$19,262,500
Assessed 2023
Previous assessed
$19,262,500
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$1,565,000
Assessed improvement
$17,697,500
Land market value
$1,565,000
Improvement market value
$17,697,500
Total market value
$19,262,500
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
1980
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
10
Stories
2
Units
20
Rooms
9
Bathrooms
2
Total area
24,480 SF
Lot
12.52 ac (545,371 SF)
Zoning code
RM
APN
176191
UPID
US53-1363859
Jurisdiction
GUILFORD
Zoning & alternative use
RM · High Point, NC
Zoning 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
High Point. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
10
Units
20
Rooms
9
Bathrooms
2
Lot
12.52 ac
Current owner
From public records · entity-resolved
Sreit Eastchester Ridge LLC
Entity
Mailing address
591 W PUTNAM AVE #1410, GREENWICH, CT 06830-6005
Ownership since
2021
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
Dec 2, 2021
$22,766,000
Sreit Eastchester Ridge LLC
Strata Eastchester
Special Warranty Deed
$201,300,000 · Citi Real Estate Funding INC
Feb 28, 2020
$16,300,000
Strata Eastchester LLC
Wilkinson High Point II LLC
Grant Deed
$10,595,000 · Cbre Multifamily Cap
Dec 17, 2004
—
Eea-eastchester Ridge LLC
Eea-north Pointe LLC
Quit Claim Deed
related
$5,600,000 · Jp Morgan Chase Bk
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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