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Property profile & analytics
OFF-MARKET
Estimated value
$1,075,000
Garden apartment buildings
225 Mayo St, Rocky Mount, NC 27804-4553
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-2534374
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1945
Total area
6,048 SF
Lot
0.44 ac (19,166 SF)
Zoning code
R6
APN
385017-12-8136
UPID
US53-2534374
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
-
Myles Courtyard Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
$820k
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.08M
Owner & transaction history
Mann Properties LLC · 1 yrs held
Mann Properties LLC
since 2024
6 recorded transactions
Zoning & alternative use
R6 · Rocky Mount, 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 Rocky Mount submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rocky Mount 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
$900,000
CAP Approach
CAP Return
Estimation
6%
$890,000
6.5%
$820,000
7%
$765,000
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±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
$178 / 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
$1,885
Tax year 2024
Assessed value
$152,590
Assessed 2024
Previous assessed
$152,590
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$14,090
Assessed improvement
$138,500
Land market value
$14,090
Improvement market value
$138,500
Total market value
$152,590
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
1945
Heating
NONE
Total area
6,048 SF
Lot
0.44 ac (19,166 SF)
Zoning code
R6
APN
385017-12-8136
UPID
US53-2534374
Jurisdiction
NASH
Zoning & alternative use
R6 · Rocky Mount, NC
Zoning R6 · permitted uses
R6 · Rocky Mount, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rocky Mount. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1945
Heating
NONE
Lot
0.44 ac
Current owner
From public records · entity-resolved
Mann Properties LLC
Entity
Mailing address
PO BOX 9038, ROCKY MOUNT, NC 27804-7038
Ownership since
2024
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
Jul 26, 2024
$540,000
Mann Properties LLC
Hurt LLC
Warranty Deed
—
Apr 29, 2021
—
Hurt LLC
—
Deed
related
$220,000 · First Bank
Dec 28, 2018
—
Hurt LLC
—
Deed
related
$190,000 · Ubank
Oct 30, 2017
$190,000
Hurt LLC
Robert J Howard II
Warranty Deed
$150,400 · Providence Bank
Mar 27, 2007
$170,000
Robert J Howard II
C Steven Powell
Warranty Deed
$144,000 · Providence Bank
May 31, 2006
—
Roger L White
Penny S White
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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