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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Apartment buildings
405 Taylor Ave High Point, NC 27260-7490
Entity Owned
9-yr Hold
Free & Clear
Property ID
US53-2136543
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1981
Total area
5,250 SF
Lot
2.12 ac (92,347 SF)
Zoning code
RM-26
APN
172988
UPID
US53-2136543
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
-
Soccer Sports Field & Court Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
$490k
Comparable Approach
Comparable
$632k
Blend (final)
Blend
$530k
Owner & transaction history
Lake Road Apartments LLC · 9 yrs held
Lake Road Apartments LLC
since 2016
2 recorded transactions
Zoning & alternative use
RM-26 · High Point, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The RM-26 district is established to accommodate a mix of residential and institutional uses intended to help establish functioning neighborhoods. The district accommodates residential uses at densities of up to 26 units an acre
Zone name
Residential Multifamily 26
General category
CIVIC_INSTITUTIONAL
Zone area
213.69 ac
Source
Realmo
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 High Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs High Point 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
$465,000
CAP Approach
CAP Return
Estimation
6%
$530,000
6.5%
$490,000
7%
$455,000
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$101 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$11,682
Tax year 2023
Assessed value
$1,442,700
Assessed 2023
Previous assessed
$1,442,700
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$127,200
Assessed improvement
$1,315,500
Land market value
$127,200
Improvement market value
$1,315,500
Total market value
$1,442,700
Applied tax rate
2.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1981
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
2
Units
6
Rooms
2
Bathrooms
1
Total area
5,250 SF
Lot
2.12 ac (92,347 SF)
Zoning code
RM-26
APN
172988
UPID
US53-2136543
Jurisdiction
GUILFORD
Zoning & alternative use
RM-26 · High Point, NCZoning RM-26 · permitted uses
RM-26 · High Point, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The RM-26 district is established to accommodate a mix of residential and institutional uses intended to help establish functioning neighborhoods. The district accommodates residential uses at densities of up to 26 units an acre
Zone name
Residential Multifamily 26
General category
CIVIC_INSTITUTIONAL
Zone area
213.69 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1981
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
5
Units
6
Rooms
2
Bathrooms
1
Lot
2.12 ac
Current owner
From public records · entity-resolved
Lake Road Apartments LLC
Entity
Free & Clear · 9 yrs held
Mailing address
86 RTE 59, SPRING VALLEY, NY 10977-5214
Ownership since
2016
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
Dec 14, 2016
—
Lake Road Apartments LLC
Lake Road Gp LLC
Quit Claim Deed
related
—
Dec 14, 2016
$4,050,000
Lake Road Apartments LLC
Lake Road Il LP
Grant Deed
related
—
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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