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Property profile & analytics
OFF-MARKET
Estimated value
$1,290,000
Garden apartment buildings
299 Brogden School Rd Smithfield, NC 27577-8850
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1282012
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1967
Total area
10,368 SF
Lot
18.21 ac (793,228 SF)
Zoning code
RAG
APN
04N13067F
UPID
US53-1282012
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
-
Sundance “Country Club Ranch Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.40M
CAP Approach
CAP
$1.41M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.29M
Owner & transaction history
Sundance Ranch LLC · 4 yrs held
Sundance Ranch LLC
since 2022
Last sale
$1.2M
3 recorded transactions
Zoning & alternative use
RAG · Smithfield, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Code Definitions
Top alternative use upside
Commercial (general)
$1.3M
+46.7%
Office building
$1.3M
+43.6%
Medical building
$1.1M
+26.4%
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 Smithfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Smithfield 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
$1,210,000
ML approach
$1,400,000
CAP Approach
CAP Return
Estimation
6%
$1,520,000
6.5%
$1,405,000
7%
$1,305,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$905,000
Current use
COMMERCIAL (GENERAL)
$1,330,000
Change: +47% · Conversion: Moderate
OFFICE BUILDING
$1,300,000
Change: +44% · Conversion: Moderate
MEDICAL BUILDING
$1,145,000
Change: +26% · Conversion: Moderate
RESTAURANT
$1,025,000
Change: +13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$960,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$1.29M
Range $1.16M – $1.42M · ±10% · vs last sale $1.22M (Jan 7 2022)
Last sale anchor
$1.22M
Jan 7 2022
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
$124 / 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
$5,223
Tax year 2024
Assessed value
$644,780
Assessed 2024
Previous assessed
$644,780
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$98,780
Assessed improvement
$546,000
Land market value
$98,780
Improvement market value
$546,000
Total market value
$644,780
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
1967
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
12
Bathrooms
2
Total area
10,368 SF
Lot
18.21 ac (793,228 SF)
Zoning code
RAG
APN
04N13067F
UPID
US53-1282012
Jurisdiction
JOHNSTON
Zoning & alternative use
RAG · Smithfield, NCZoning RAG · permitted uses
RAG · Smithfield, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Code Definitions
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$905,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$960,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
1967
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
12
Bathrooms
2
Lot
18.21 ac
Current owner
From public records · entity-resolved
Sundance Ranch LLC
Entity
Mailing address
5012 ALCORN LN, IRVINE, CA 92603-3304
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jan 7, 2022
$1,220,000
Sundance Ranch LLC
Wendy White
Warranty Deed
$910,000 · Keypoint Cu
Jul 28, 2021
—
Wendy White
Wendy White
Intrafamily Transfer
related
—
Jul 19, 2004
—
Wendy D White
White,bruce D
Quit Claim 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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