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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Garden apartment buildings
219 Ws Ave, Wake Forest, NC 27587-2541
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-5675168
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1920
Construction
BRICK
Total area
6,169 SF
Lot
0.21 ac (9,148 SF)
Zoning code
ICD
APN
1841.18-31-7861 0065781
UPID
US53-5675168
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
$1.20M
CAP Approach
CAP
$970k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.01M
Owner & transaction history
Reliance Capital Investments LLC · 4 yrs held
Reliance Capital Investments LLC
since 2021
Last sale
$875,000
6 recorded transactions
Zoning & alternative use
ICD · Wake Forest, 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 Wake Forest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wake Forest 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
$1,135,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
$1,055,000
6.5%
$970,000
7%
$900,000
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±10% · vs last sale $875k (Dec 22 2021)
Last sale anchor
$875k
Dec 22 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
$164 / 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
$8,112
Tax year 2023
Assessed value
$686,081
Assessed 2023
Previous assessed
$686,081
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$140,000
Assessed improvement
$546,081
Land market value
$140,000
Improvement market value
$546,081
Total market value
$686,081
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
1920
Construction
BRICK
Heating
CENTRAL
Cooling
NONE
Stories
2
Units
7
Rooms
20
Total area
6,169 SF
Lot
0.21 ac (9,148 SF)
Zoning code
ICD
APN
1841.18-31-7861 0065781
UPID
US53-5675168
Jurisdiction
WAKE
Zoning & alternative use
ICD · Wake Forest, NC
Zoning ICD · permitted uses
ICD · Wake Forest, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wake Forest. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
7
Rooms
20
Lot
0.21 ac
Current owner
From public records · entity-resolved
Reliance Capital Investments LLC
Entity
Mailing address
107 FAWN DR, WAKE FOREST, NC 27587-9702
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
$875,000
Reliance Capital Investments LLC
Barricklow Holdings Company LLC
Warranty Deed
$700,000 · Peoples Bank
Feb 19, 2014
$525,000
Barricklow Holdings Co LLC
Weeks William C & E M Trust
Warranty Deed
related
$420,000 · Branch Bk&tr
Aug 8, 2011
—
Weeks William C & E M S 2 Trust
Weeks,edna M
Quit Claim Deed
related
—
Jun 29, 2006
$355,000
Edna M Weeks
West South Avenue Trust
Warranty Deed
—
Dec 30, 2005
—
West South Avenue Land Trust
Woodlee Properties LLC
Quit Claim Deed
related
—
Oct 6, 2004
$350,000
Woodlee Properties LLC
Gamboa,paul & Lilia
Warranty Deed
$275,000 · Paragon Commercial Bank
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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