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Property profile & analytics
OFF-MARKET
Garden apartment buildings
4001 Meriwether Dr Durham, NC 27704-2798
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1648107
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1996
Total area
17,088 SF
Lot
15.96 ac (695,218 SF)
Zoning code
PDR 10.000
APN
172103
UPID
US53-1648107
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
Current use
Occupant on record · Public records
-
Reserve at Stillwater Apartment Building Apartment Rental Agency
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
D-S-R Plumbing Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Fs Meriwether Place LLC · 5 yrs held
Fs Meriwether Place LLC
since 2021
Last sale
$42.0M
7 recorded transactions
Zoning & alternative use
PDR 10.000 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$205,258
Tax year 2024
Assessed value
$14,714,912
Assessed 2024
Previous assessed
$14,714,912
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$2,000,000
Assessed improvement
$12,714,912
Land market value
$2,000,000
Improvement market value
$12,714,912
Total market value
$14,714,912
Applied tax rate
1.0000
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
1996
Heating
HEAT PUMP
Cooling
YES
Stories
2
Total area
17,088 SF
Lot
15.96 ac (695,218 SF)
Zoning code
PDR 10.000
APN
172103
UPID
US53-1648107
Jurisdiction
DURHAM
Zoning & alternative use
PDR 10.000 · Durham, NCZoning PDR 10.000 · permitted uses
PDR 10.000 · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1996
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Lot
15.96 ac
Current owner
From public records · entity-resolved
Fs Meriwether Place LLC
Entity
Mailing address
3330 PACIFIC AVE STE #402, VIRGINIA BEACH, VA 23451-2983
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2026
—
Fs Meriwether Place LLC
—
Deed
related
$31,250,000
Jul 15, 2021
$42,000,000
Fs Meriwether Place LLC
Vtt Carver Pond LLC
Special Warranty Deed
$35,000,000 · Bsp Of Finance LLC
Dec 7, 2018
—
Vitt Carver Pond LLC
—
Deed
related
$19,999,900 · Keybank USA
Dec 20, 2012
$11,325,000
Vtt Carver Pond LLC
Sbc 2011-1 Reo 105076 LLC
Grant Deed
$12,180,000 · Ucf I Trust 1 (ct)
May 23, 2012
$7,805,883
Sbc 2011-1 Reo 105076 LLC
Trachtman James B
Trustees Deed
—
—
—
Vtt Carver Pond LLC
—
Deed Of Trust
related
$30,000,000 · Wells Fargo Bank
—
—
Vitt Carver Pond LLC
—
Deed Of Trust
related
$19,999,900 · Keybank USA
—
—
Vtt Carver Pond LLC
—
Deed Of Trust
related
$30,000,000 · Td Bk NA
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.
Try Rey
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