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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Garden apartment buildings
4835 Horseshoe Bnd Rd 1 Hudson, NC 28638-8899
Trust Owned
1-yr Hold
Free & Clear
Property ID
US53-2170738
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1989
Construction
WOOD
Total area
6,093 SF
Lot
1.5 ac (65,340 SF)
APN
03 81 1 6
UPID
US53-2170738
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
$885k
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$889k
Blend (final)
Blend
$775k
Owner & transaction history
Bernal Family Trust Dated May 31 20 · 1 yrs held
Bernal Family Trust Dated May 31 20
since 2024
Last sale
$625,000
2 recorded transactions
Zoning & alternative use
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 Hudson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hudson 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
$970,000
ML approach
$885,000
CAP Approach
CAP Return
Estimation
6%
$700,000
6.5%
$650,000
7%
$600,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$720,000
Current use
OFFICE BUILDING
$635,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $625k (Sep 16 2022)
Last sale anchor
$625k
Sep 16 2022
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
$127 / 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
Property tax & assessments
Assessed value
$397,300
Assessed 2024
Previous assessed
$397,300
+0.0% YoY
Assessed land
$21,500
Assessed improvement
$375,800
Land market value
$21,500
Improvement market value
$375,800
Total market value
$397,300
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1989
Construction
WOOD
Heating
BASEBOARD
Cooling
NONE
Buildings
2
Stories
2
Bathrooms
10
Total area
6,093 SF
Lot
1.5 ac (65,340 SF)
APN
03 81 1 6
UPID
US53-2170738
Jurisdiction
CALDWELL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$720,000
OFFICE BUILDING
Est. value
$635,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
WOOD
Heating
BASEBOARD
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
10
Lot
1.5 ac
Current owner
From public records · entity-resolved
Bernal Family Trust Dated May 31 20
Trust
Free & Clear · 1 yrs held
Mailing address
98 WAGSTAFF LN, WEST ISLIP, NY 11795-5207
Ownership since
2024
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
Oct 30, 2024
$1,080,000
Bernal Family Trust Dated May 31 20
Ram Metro LLC
Special Warranty Deed
—
Sep 16, 2022
$625,000
Ram Metro LLC
Robert H Dame
Warranty Deed
—
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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