Property profile

300 Merriman Dr Selma, NC 27576

OFF-MARKET
Garden apartment buildings
Property ID
US53-0927007
27,795 SF 3.62 ac lot Built 1993
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1993
Total area 27,795 SF
Lot 3.62 ac (157,687 SF)
Zoning code RES
APN 14002009T
UPID US53-0927007

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Retirement Community Nursing Home

Location

300 Merriman Dr Selma, NC 27576-3659
Selma metro Census 40303 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$565k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.19M
Blend (final) Blend
$565k

Owner & transaction history

since 2022
2 recorded transactions
2022
$110,000
2017
$10,000

Zoning & alternative use

RES · Selma, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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