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Property profile & analytics
OFF-MARKET
Estimated value
$11,215,000
Garden apartment buildings
415 Pilot St, Durham, NC 27707
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-3788690
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1966
Total area
96,362 SF
Lot
4.78 ac (208,217 SF)
Zoning code
RU-M
APN
107303
UPID
US53-3788690
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
by Request
CAP Approach
CAP
$11.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.22M
Owner & transaction history
Rh Apartments LLC · 6 yrs held
Rh Apartments LLC
since 2019
5 recorded transactions
Zoning & alternative use
RU-M · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,075,000
6.5%
$11,145,000
7%
$10,350,000
Blend value · Realmo final
$11.22M
Range $10.09M – $12.34M · ±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
$116 / 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
$71,273
Tax year 2024
Assessed value
$5,109,511
Assessed 2024
Previous assessed
$5,109,511
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$787,500
Assessed improvement
$4,322,011
Land market value
$787,500
Improvement market value
$4,322,011
Total market value
$5,109,511
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
1966
Heating
YES
Cooling
YES
Stories
3
Total area
96,362 SF
Lot
4.78 ac (208,217 SF)
Zoning code
RU-M
APN
107303
UPID
US53-3788690
Jurisdiction
DURHAM
Zoning & alternative use
RU-M · Durham, NC
Zoning RU-M · permitted uses
RU-M · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Durham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Heating
YES
Cooling
Yes
Stories
3
Lot
4.78 ac
Current owner
From public records · entity-resolved
Rh Apartments LLC
Entity
Mailing address
119 PAWNEE RD, LAKEWOOD, NJ 08701-1147
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2019
$16,510,000
Rh Apartments LLC
412 Pilot LLC
Special Warranty Deed
$12,700,000 · Arbor Commercial Funding LLC
Nov 9, 2017
—
412 Pilot LLC
—
Deed
related
$12,023,000 · Arbor Commercial Funding LLC
May 13, 2014
$7,000,000
Eagle Point 2014 LLC
Sil Sf LLC
Grant Deed
—
May 13, 2014
—
Eagle Point 2014 LLC
Sil Sf LLC
Intrafamily Transfer
related
$5,450,000 · C III Commercial Mortgage LLC
Nov 29, 2010
$6,326,732
Sil Sf LLC
Crowson,christopher A
Trustees 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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