Property profile

425 Homestead Dr Gibsonville, NC 27249

OFF-MARKET
Apartment buildings
Property ID
US53-0755848
7,360 SF 0.5 ac lot Built 1972
Individually Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1972
Construction FRAME
Total area 7,360 SF
Lot 0.5 ac (21,780 SF)
Zoning code RM-5
APN 102627
UPID US53-0755848

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

425 Homestead Dr Gibsonville, NC 27249-2090
Gibsonville metro Census 15201 GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2023
Last sale
$290,000
4 recorded transactions
2023
Price N/A
2019
Price N/A
2012
$290,000
2010
$1.1M

Zoning & alternative use

RM-5 · Gibsonville, NC
Zoning description

typical overall density of 4.0 units per acre. (C) Multi-Family Residential: In the following districts the number refers to dwelling units per gross acre. Public water and sewer service is required in all districts. 1)…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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