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Property profile & analytics
OFF-MARKET
Estimated value
$1,195,000
Garden apartment buildings
329 Church St, Clayton, NC 27520-1903
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1323925
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2002
Total area
8,624 SF
Lot
0.67 ac (29,185 SF)
Zoning code
RES
APN
5033066
UPID
US53-1323925
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
$1.49M
CAP Approach
CAP
$1.17M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.20M
Owner & transaction history
Huangandfeng LLC · 4 yrs held
Huangandfeng LLC
since 2022
Last sale
$1.2M
3 recorded transactions
Zoning & alternative use
RES · Clayton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+122.7%
Auto repair, garage
$925,000
+72.6%
Commercial (general)
$885,000
+65.8%
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
$1,200,000
ML approach
$1,490,000
CAP Approach
CAP Return
Estimation
6%
$1,265,000
6.5%
$1,165,000
7%
$1,085,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,190,000
Change: +123% · Conversion: Moderate
AUTO REPAIR, GARAGE
$925,000
Change: +73% · Conversion: Difficult
COMMERCIAL (GENERAL)
$885,000
Change: +66% · Conversion: Moderate
RESTAURANT
$825,000
Change: +54% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.31M · ±10% · vs last sale $1.21M (Apr 14 2022)
Last sale anchor
$1.21M
Apr 14 2022
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
$139 / 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
$10,606
Tax year 2024
Assessed value
$803,500
Assessed 2024
Previous assessed
$803,500
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$84,640
Assessed improvement
$718,860
Land market value
$84,640
Improvement market value
$718,860
Total market value
$803,500
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
2002
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Units
8
Total area
8,624 SF
Lot
0.67 ac (29,185 SF)
Zoning code
RES
APN
5033066
UPID
US53-1323925
Jurisdiction
JOHNSTON
Zoning & alternative use
RES · Clayton, NC
Zoning RES · permitted uses
RES · Clayton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clayton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$925,000
COMMERCIAL (GENERAL)
Est. value
$885,000
RESTAURANT
Est. value
$825,000
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
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
2002
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Units
8
Lot
0.67 ac
Current owner
From public records · entity-resolved
Huangandfeng LLC
Entity
Mailing address
117 GOLDENTHAL CT, CARY, NC 27519-7368
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Apr 14, 2022
$1,210,000
Huangandfeng LLC
Les Madeira LLC
Warranty Deed
$860,000 · The First Bank & Trust Co
Jul 13, 2016
$550,000
Les Madeira LLC
413 Church Street Land Trust Of 413
Warranty Deed
$412,500 · First Bank
—
—
413 Church Street Land Trust
—
Deed Of Trust
related
$432,000 · Paragon Commercial 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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