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Property profile & analytics
OFF-MARKET
Estimated value
$42,245,000
Garden apartment buildings
4702 Bayridge Xing, Raleigh, NC 27604-3013
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-0873086
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1985
Construction
FRAME
Total area
10,816 SF
Lot
14.8 ac (644,688 SF)
Zoning code
RX-3
APN
1726.18-32-4278 0051193
UPID
US53-0873086
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
by Request
Comparable Approach
Comparable
$35.61M
Blend (final)
Blend
$42.25M
Owner & transaction history
Brazos Chelsea Apartments LLC · 3 yrs held
Brazos Chelsea Apartments LLC
since 2023
Last sale
$45.0M
6 recorded transactions
Zoning & alternative use
RX-3 · Raleigh, 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 Raleigh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raleigh 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
$43,370,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$42.25M
Range $38.02M – $46.47M · ±10% · vs last sale $45.00M (Jan 4 2023)
Last sale anchor
$45.00M
Jan 4 2023
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
$3,906 / 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
$240,654
Tax year 2023
Assessed value
$21,543,137
Assessed 2023
Previous assessed
$21,543,137
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$7,840,000
Assessed improvement
$13,703,137
Land market value
$7,840,000
Improvement market value
$13,703,137
Total market value
$21,543,137
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
1985
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Units
16
Rooms
896
Total area
10,816 SF
Lot
14.8 ac (644,688 SF)
Zoning code
RX-3
APN
1726.18-32-4278 0051193
UPID
US53-0873086
Jurisdiction
WAKE
Zoning & alternative use
RX-3 · Raleigh, NC
Zoning RX-3 · permitted uses
RX-3 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Raleigh. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Units
16
Rooms
896
Lot
14.8 ac
Current owner
From public records · entity-resolved
Brazos Chelsea Apartments LLC
Entity
Mailing address
5728 LYNDON B JOHNSON FWY #220, DALLAS, TX 75240-6323
Ownership since
2023
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
Jan 4, 2023
$45,000,000
Brazos Chelsea Apartments LLC
Trestles Atlantic LLC
Special Warranty Deed
$65,800,000 · Hgi Commercial Funding I LLC
Aug 26, 2019
$19,754,000
Trestles Hunters LLC
3mind Trestles LLC
Grant Deed
related
$16,050,000 · Holliday Fenoglio Fowler
Aug 26, 2019
—
Trestles Atlantic LLC
Dfwra Atlantic LLC
Grant Deed
related
$16,050,000 · Holliday Fenoglio Fowler
Mar 27, 2015
$15,100,000
3mind Trestles LLC|dfwra Atlantic LLC
Mb The Trestles LLC
Grant Deed
$95,800,000 · Greystone Svcg
Mar 9, 2006
$11,600,000
Mb The Trestles LLC
Crit-nc LLC
Quit Claim Deed
$9,203,000 · Wachovia Multifamily Capital
—
—
Crit-nc LLC
—
Deed Of Trust
related
$50,550,000 · Prudential Insurance Co
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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