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Property profile & analytics
OFF-MARKET
Estimated value
$57,000,000
Garden apartment buildings
3019 Mt Moriah Rd, Durham, NC 27707-9023
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2076160
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2001
Total area
6,720 SF
Lot
32.22 ac (1,403,503 SF)
Zoning code
PDR 4.000
APN
140141
UPID
US53-2076160
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
$57.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$57.00M
Owner & transaction history
Gep Xi 55 Twelve LP · 1 yrs held
Gep Xi 55 Twelve LP
since 2024
Last sale
$57.0M
3 recorded transactions
Zoning & alternative use
PDR 4.000 · Durham, 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 Durham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Durham 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
$57,000,000
ML approach
$57,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$57.00M
Range $51.30M – $62.70M · ±10% · vs last sale $57.00M (Dec 13 2024)
Last sale anchor
$57.00M
Dec 13 2024
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
$8,482 / 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
$464,761
Tax year 2024
Assessed value
$33,318,604
Assessed 2024
Previous assessed
$33,318,604
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$3,336,600
Assessed improvement
$29,982,004
Land market value
$3,336,600
Improvement market value
$29,982,004
Total market value
$33,318,604
Applied tax rate
35.0000
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
2001
Heating
YES
Cooling
YES
Stories
3
Total area
6,720 SF
Lot
32.22 ac (1,403,503 SF)
Zoning code
PDR 4.000
APN
140141
UPID
US53-2076160
Jurisdiction
DURHAM
Zoning & alternative use
PDR 4.000 · Durham, NC
Zoning PDR 4.000 · permitted uses
PDR 4.000 · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Durham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Heating
YES
Cooling
Yes
Stories
3
Lot
32.22 ac
Current owner
From public records · entity-resolved
Gep Xi 55 Twelve LP
Entity
Mailing address
1025 KANE CONCOURSE STE #215, BAY HARBOR ISLANDS, FL 33154-2118
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2024
$57,000,000
Gep Xi 55 Twelve LP
Blue Atlantic Flats LP
Special Warranty Deed
$39,900,000 · Northmarq Capital LLC
Aug 15, 2019
$42,350,000
Blue Atlantic Flats LP
Orp Emm LLC
Grant Deed
$27,380,000 · Jones Lang Lasalle Multifamily
Jun 30, 2014
$33,050,000
Orp Emm LLC
Evergreens At Mt Moriah LLC
Trustees Deed
$26,000,000 · Lender Private Party
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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