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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Garden apartment buildings
215 Ingram Dr 217 King, NC 27021-8437
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-3576304
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1976
Total area
10,476 SF
Lot
1.49 ac (64,904 SF)
Zoning code
R-MF
APN
599111772424
UPID
US53-3576304
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
Current use
Occupant on record · Public records
-
Turman Investment Properties, LLC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$957k
Blend (final)
Blend
$725k
Owner & transaction history
Saffron Holdings LLC · 8 yrs held
Saffron Holdings LLC
since 2017
3 recorded transactions
Zoning & alternative use
R-MF · King, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+19.9%
Medical building
$905,000
+1.9%
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 King submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs King 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
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$890,000
Current use
AUTO REPAIR, GARAGE
$1,065,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$905,000
Change: +2% · Conversion: Moderate
RESTAURANT
$840,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$720,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$69 / 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
$12,938
Tax year 2024
Assessed value
$1,096,400
Assessed 2024
Previous assessed
$1,096,400
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$67,100
Assessed improvement
$1,029,300
Land market value
$67,100
Improvement market value
$1,029,300
Total market value
$1,096,400
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
1976
Heating
NONE
Buildings
2
Stories
2
Total area
10,476 SF
Lot
1.49 ac (64,904 SF)
Zoning code
R-MF
APN
599111772424
UPID
US53-3576304
Jurisdiction
STOKES
Zoning & alternative use
R-MF · King, NC
Zoning R-MF · permitted uses
R-MF · King, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
King. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$890,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$905,000
RESTAURANT
Est. value
$840,000
WAREHOUSE, STORAGE
Est. value
$720,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
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
1976
Heating
NONE
Stories
2
Buildings
2
Lot
1.49 ac
Current owner
From public records · entity-resolved
Saffron Holdings LLC
Entity
Mailing address
14 OAK BR DR STE A, GREENSBORO, NC 27407-2120
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Sep 28, 2021
—
Saffron Holdings LLC
—
Deed
related
$1,450,000 · Pinnacle Bank
Nov 8, 2017
$1,070,000
Saffron Holdings LLC
Country Squire Apartments LLC
Warranty Deed
$800,000 · Bank Of Oak Ridge
Mar 22, 2010
$799,500
Country Squire Apartments LLC
E V Ferrell JR
Warranty Deed
$500,000 · Judy Pomeroy
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.
Try Rey
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