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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Garden apartment buildings
3005 Leonard St, Raleigh, NC 27607-0050
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-5656567
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1952
Construction
BRICK
Total area
5,120 SF
Lot
0.55 ac (23,958 SF)
Zoning code
R-10
APN
0794.07-67-2776 0069856
UPID
US53-5656567
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
$920k
CAP Approach
CAP
$800k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$980k
Owner & transaction history
3005 Leonard LLC · 1 yrs held
3005 Leonard LLC
since 2025
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
R-10 · 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
Method
Estimation
Statistic approach
$825,000
ML approach
$920,000
CAP Approach
CAP Return
Estimation
6%
$870,000
6.5%
$800,000
7%
$745,000
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10% · vs last sale $1.18M (Mar 6 2025)
Last sale anchor
$1.18M
Mar 6 2025
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
$191 / 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
$7,697
Tax year 2023
Assessed value
$693,304
Assessed 2023
Previous assessed
$693,304
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$343,000
Assessed improvement
$350,304
Land market value
$343,000
Improvement market value
$350,304
Total market value
$693,304
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
1952
Construction
BRICK
Heating
CENTRAL
Cooling
NONE
Stories
1
Units
7
Rooms
22
Total area
5,120 SF
Lot
0.55 ac (23,958 SF)
Zoning code
R-10
APN
0794.07-67-2776 0069856
UPID
US53-5656567
Jurisdiction
WAKE
Zoning & alternative use
R-10 · Raleigh, NC
Zoning R-10 · permitted uses
R-10 · 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
1952
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
7
Rooms
22
Lot
0.55 ac
Current owner
From public records · entity-resolved
3005 Leonard LLC
Entity
Free & Clear · 1 yrs held
Mailing address
6112 SAINT GILES ST, RALEIGH, NC 27612-7042
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2025
$1,175,000
3005 Leonard LLC
3005 Leonard LLC
Special Warranty Deed
—
May 6, 2021
$1,185,000
3005 Leonard LLC
Yvorme Properites INC
Warranty Deed
$1,011,500 · Providence Bank
Mar 30, 2007
$565,000
Yvorne Properties INC
Showtime Investment Group LLC
Warranty Deed
—
Apr 23, 2004
—
Showtime Investment Group
Martin,eleanor S
Deed Of Trust
related
—
Apr 30, 2003
$300,000
Eleanor S Martin
—
Grant Deed
related
—
—
—
Yvorne Properties INC
—
Deed Of Trust
related
$450,000 · First Citizens Bank & Trust Co
—
—
Showtime Investment Group LLC
—
Deed Of Trust
related
$370,000 · Regions Bank
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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