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Property profile & analytics
OFF-MARKET
Residential income homes
2718 Clark Ave, Raleigh, NC 27607-7102
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5451439
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1940
Construction
BRICK
Total area
4,944 SF
Lot
0.24 ac (10,454 SF)
Zoning code
R-6
APN
0794.15-73-2097 0049834
UPID
US53-5451439
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Clarkson Enterprises LLC · 2 yrs held
Clarkson Enterprises LLC
since 2024
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
R-6 · Raleigh, 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 Raleigh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raleigh 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,538
Tax year 2023
Assessed value
$675,066
Assessed 2023
Previous assessed
$675,066
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$310,000
Assessed improvement
$365,066
Land market value
$310,000
Improvement market value
$365,066
Total market value
$675,066
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1940
Construction
BRICK
Heating
CENTRAL
Cooling
NONE
Stories
2
Units
9
Rooms
13
Total area
4,944 SF
Lot
0.24 ac (10,454 SF)
Zoning code
R-6
APN
0794.15-73-2097 0049834
UPID
US53-5451439
Jurisdiction
WAKE
Zoning & alternative use
R-6 · Raleigh, NC
Zoning R-6 · permitted uses
R-6 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Raleigh. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1940
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
9
Rooms
13
Lot
0.24 ac
Current owner
From public records · entity-resolved
Clarkson Enterprises LLC
Entity
Mailing address
1013 MNR GLN WAY STE #112, RALEIGH, NC 27615-2239
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2024
$1,080,000
Clarkson Enterprises LLC
Bright Family Properties LLC
Special Warranty Deed
$756,000 · Townebank
May 12, 2021
—
Bright Family Properties LLC
—
Deed
related
$1,950,000 · Townebank
Jun 26, 2019
—
Bright Family Properties LLC
—
Trustees Deed
related
$300,000 · Vinod Jindal
Mar 2, 2015
—
Bright Family Properties LLC
Clark Avenue LLC
Warranty Deed
related
—
Sep 27, 2010
—
Clark Avenue LLC
Bright,charles E IV
Grant Deed
related
—
Aug 29, 2008
—
Charles E Bright IV
—
Trustees Deed
related
$300,000 · Denise Coryea
Jun 3, 2008
$387,000
Charles E Bright
Jordan Preserve Group LLC
Warranty Deed
—
May 26, 2004
$309,000
Jordan Preserve Group LLC
Greiner Joseph W Trust
Warranty Deed
$247,200 · Crescent State Bank
May 3, 2004
—
Greiner Joseph W Trust
Greiner,joseph W
Quit Claim Deed
related
—
—
—
Clark Avenue LLC
—
Deed Of Trust
related
$125,000 · Leonard H Sullivan
—
—
Bright Family Properties LLC
—
Deed Of Trust
related
$303,600 · Providence Bk
—
—
Charles E Bright
—
Deed Of Trust
related
$125,000 · Leonard H Sullivan
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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