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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Garden apartment buildings
311 Athletic Clb Blvd Clayton, NC 27527-5758
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1019030
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2001
Total area
5,550 SF
Lot
2.29 ac (99,752 SF)
Zoning code
COM
APN
16I02009D
UPID
US53-1019030
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
$570k
CAP Approach
CAP
$750k
Comparable Approach
Comparable
$522k
Blend (final)
Blend
$545k
Owner & transaction history
Rwac Rental LLC · 2 yrs held
Rwac Rental LLC
since 2024
3 recorded transactions
Zoning & alternative use
COM · Clayton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$780,000
+135.8%
Restaurant
$665,000
+101.3%
Auto repair, garage
$570,000
+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
$570,000
CAP Approach
CAP Return
Estimation
6%
$815,000
6.5%
$750,000
7%
$695,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$330,000
Current use
OFFICE BUILDING
$780,000
Change: +136% · Conversion: Moderate
RESTAURANT
$665,000
Change: +101% · Conversion: Difficult
AUTO REPAIR, GARAGE
$570,000
Change: +72% · Conversion: Difficult
COMMERCIAL (GENERAL)
$565,000
Change: +72% · Conversion: Moderate
MEDICAL BUILDING
$395,000
Change: +19% · Conversion: Moderate
RETAIL STORES
$375,000
Change: +14% · Conversion: Difficult
WAREHOUSE, STORAGE
$355,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$57,447
Tax year 2024
Assessed value
$4,352,020
Assessed 2024
Previous assessed
$4,352,020
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$399,010
Assessed improvement
$3,953,010
Land market value
$399,010
Improvement market value
$3,953,010
Total market value
$4,352,020
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
2001
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
8
Stories
1
Units
3
Total area
5,550 SF
Lot
2.29 ac (99,752 SF)
Zoning code
COM
APN
16I02009D
UPID
US53-1019030
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
$330,000
OFFICE BUILDING
Est. value
$780,000
RESTAURANT
Est. value
$665,000
AUTO REPAIR, GARAGE
Est. value
$570,000
COMMERCIAL (GENERAL)
Est. value
$565,000
MEDICAL BUILDING
Est. value
$395,000
RETAIL STORES
Est. value
$375,000
WAREHOUSE, STORAGE
Est. value
$355,000
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
2001
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
8
Units
3
Lot
2.29 ac
Current owner
From public records · entity-resolved
Rwac Rental LLC
Entity
Mailing address
400 RIVERWOOD DR, CLAYTON, NC 27527-5500
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
Jan 5, 2024
—
Rwac Rental LLC
—
Deed
related
$370,000 · Townebank
Mar 2, 2020
—
Rwac Rental LLC
—
Deed
related
$2,925,000 · Ks Bk INC
—
—
Rwac Rental LLC
—
Deed Of Trust
related
$2,925,000 · Ks Bk INC
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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