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Property profile & analytics
OFF-MARKET
Estimated value
$2,040,000
Garden apartment buildings
4225 Larchmont Rd, Durham, NC 27707-5962
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2311484
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2005
Total area
22,884 SF
Lot
1.48 ac (64,469 SF)
Zoning code
RS-M
APN
139291
UPID
US53-2311484
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
-
Mainsail Housing Vacation Rental
-
Greek street eatery Take-out & Catering Catering Service
-
The Cuddle Puddle Alternative Medicine Practice Spiritual Center
-
Alden Place Apartments Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.65M
Comparable Approach
Comparable
$2.75M
Blend (final)
Blend
$2.04M
Owner & transaction history
South Square Owner LLC · 13 yrs held
South Square Owner LLC
since 2012
6 recorded transactions
Zoning & alternative use
RS-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%
$2,865,000
6.5%
$2,645,000
7%
$2,460,000
Blend value · Realmo final
$2.04M
Range $1.84M – $2.24M · ±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
$89 / 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
$40,828
Tax year 2024
Assessed value
$2,926,946
Assessed 2024
Previous assessed
$2,926,946
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$300,000
Assessed improvement
$2,626,946
Land market value
$300,000
Improvement market value
$2,626,946
Total market value
$2,926,946
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
2005
Heating
YES
Cooling
YES
Stories
3
Total area
22,884 SF
Lot
1.48 ac (64,469 SF)
Zoning code
RS-M
APN
139291
UPID
US53-2311484
Jurisdiction
DURHAM
Zoning & alternative use
RS-M · Durham, NC
Zoning RS-M · permitted uses
RS-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
2005
Heating
YES
Cooling
Yes
Stories
3
Lot
1.48 ac
Current owner
From public records · entity-resolved
South Square Owner LLC
Entity
Mailing address
6060 POPLAR AVE STE #200, MEMPHIS, TN 38119-3959
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2016
—
South Square Owner LLC
—
Deed
related
$4,521,000 · Cbre Cap Markets
Aug 31, 2012
—
South Square Owner LLC
Ch Realty III Of Durham South Pla
Quit Claim Deed
related
—
Aug 31, 2012
$57,500,000
South Square Owner LLC
Ch Realty III Of Durham South Pla
Trustees Deed
related
$32,250,000 · Cbre Capital Markets INC
Feb 2, 2006
$24,480,500
Realty South Pla Ch III
Tcr South Square Ltd Ptnrp
Grant Deed
—
Oct 8, 2004
$2,200,000
Tcr South Square
Chronaki,terry & Cadee
Grant Deed
$14,777,000 · Bank Of America California NA
—
—
South Square Owner LLC
—
Deed Of Trust
related
$4,521,000 · Cbre Cap Markets
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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