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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Garden apartment buildings
310 Athletic Clb Blvd Clayton, NC 27527-5802
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-4031147
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2016
Total area
7,568 SF
Lot
1.64 ac (71,438 SF)
Zoning code
COM
APN
16I02056D
UPID
US53-4031147
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
$500k
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
$711k
Blend (final)
Blend
$745k
Owner & transaction history
Rwac Rental III LLC · 8 yrs held
Rwac Rental III LLC
since 2017
2 recorded transactions
Zoning & alternative use
COM · Clayton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+135.8%
Restaurant
$905,000
+101.3%
Auto repair, garage
$775,000
+72.1%
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 Clayton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clayton 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
by Request
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
$1,110,000
6.5%
$1,025,000
7%
$950,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$450,000
Current use
OFFICE BUILDING
$1,060,000
Change: +136% · Conversion: Moderate
RESTAURANT
$905,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$775,000
Change: +72% · Conversion: Difficult
COMMERCIAL (GENERAL)
$775,000
Change: +72% · Conversion: Moderate
MEDICAL BUILDING
$535,000
Change: +19% · Conversion: Moderate
RETAIL STORES
$510,000
Change: +14% · Conversion: Difficult
WAREHOUSE, STORAGE
$485,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±10%
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
$98 / 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
$52,619
Tax year 2024
Assessed value
$3,986,300
Assessed 2024
Previous assessed
$3,986,300
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$285,750
Assessed improvement
$3,700,550
Land market value
$285,750
Improvement market value
$3,700,550
Total market value
$3,986,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2016
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
4
Stories
3
Units
6
Total area
7,568 SF
Lot
1.64 ac (71,438 SF)
Zoning code
COM
APN
16I02056D
UPID
US53-4031147
Jurisdiction
JOHNSTON
Zoning & alternative use
COM · Clayton, NCZoning COM · permitted uses
COM · Clayton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$450,000
OFFICE BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$905,000
AUTO REPAIR, GARAGE
Est. value
$775,000
COMMERCIAL (GENERAL)
Est. value
$775,000
MEDICAL BUILDING
Est. value
$535,000
RETAIL STORES
Est. value
$510,000
WAREHOUSE, STORAGE
Est. value
$485,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
2016
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Buildings
4
Units
6
Lot
1.64 ac
Current owner
From public records · entity-resolved
Rwac Rental III LLC
Entity
Mailing address
2102 PRITCHARD RD, CLAYTON, NC 27527-9271
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2017
—
Rwac Rental III LLC
—
Deed
related
$4,325,000 · Bellwether Ent Mtg Invs LLC
—
—
Rwac Rental III LLC
—
Deed Of Trust
related
$4,325,000 · Bellwether Ent Mtg Invs LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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