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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Garden apartment buildings
2713 Vlg E Dr Claremont, NC 28610-7408
Entity Owned
18-yr Hold
Property ID
US53-5458001
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1980
Construction
WOOD
Total area
13,433 SF
Lot
1.08 ac (47,045 SF)
Zoning code
R-1
APN
3762-18-30-7479
UPID
US53-5458001
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
$1.06M
Blend (final)
Blend
$895k
Owner & transaction history
Residence Partners LLC · 18 yrs held
Residence Partners LLC
since 2008
1 recorded transaction
Zoning & alternative use
R-1 · Claremont, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
e of this chapter, the City of Claremont and its extraterritorial zoning jurisdiction is hereby divided into six (6) base districts and two (2) overlay districts designated as follows: Neighborhood Residential District (R-1) Residential Agricultural District (R-2) Central Business District (B-1) Community Business District (B-2) Highway Business District (B-…
Zone name
Neighborhood Residential
General category
RESIDENTIAL
Zone area
986.00 ac
Source
Sec. 9-3-41 Use districts.
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 Claremont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Claremont 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,370,000
Change: -13% · Conversion: Difficult
RETAIL STORES
$1,300,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±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
$67 / 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
$9,361
Tax year 2023
Assessed value
$750,100
Assessed 2023
Previous assessed
$1,147,200
-34.6% YoY
Effective rate
1.25%
On assessed value
Assessed land
$23,500
Assessed improvement
$726,600
Land market value
$23,500
Improvement market value
$726,600
Total market value
$750,100
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
1980
Construction
WOOD
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Units
18
Rooms
16
Bathrooms
14
Total area
13,433 SF
Lot
1.08 ac (47,045 SF)
Zoning code
R-1
APN
3762-18-30-7479
UPID
US53-5458001
Jurisdiction
CATAWBA
Zoning & alternative use
R-1 · Claremont, NCZoning R-1 · permitted uses
R-1 · Claremont, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
e of this chapter, the City of Claremont and its extraterritorial zoning jurisdiction is hereby divided into six (6) base districts and two (2) overlay districts designated as follows: Neighborhood Residential District (R-1) Residential Agricultural District (R-2) Central Business District (B-1) Community Business District (B-2) Highway Business District (B-3) Manufacturing District (M-1) Manufactured Home Overlay District (MHO) High Rise
Zone name
Neighborhood Residential
General category
RESIDENTIAL
Zone area
986.00 ac
Source
Sec. 9-3-41 Use districts.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
AUTO REPAIR, GARAGE
RETAIL STORES
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
1980
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
18
Rooms
16
Bathrooms
14
Lot
1.08 ac
Current owner
From public records · entity-resolved
Residence Partners LLC
Entity
Mailing address
2425 N CTR ST UNIT #337, HICKORY, NC 28601-1320
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2008
$635,000
Residence Partners LLC
Catawba Properties LLC
Warranty Deed
$508,000 · Bank Of Granite
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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