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Property profile & analytics
OFF-MARKET
Estimated value
$17,600,000
Garden apartment buildings
501 Bridle Rdg Ln, Raleigh, NC 27609-3700
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-1909907
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1985
Construction
FRAME
Total area
11,304 SF
Lot
12.27 ac (534,481 SF)
Zoning code
R-10
APN
1707.19-51-0416 0071367
UPID
US53-1909907
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
$17.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.58M
Blend (final)
Blend
$17.60M
Owner & transaction history
Sg Mf Laurel Springs Investors LLC · 2 yrs held
Sg Mf Laurel Springs Investors LLC
since 2024
Last sale
$17.6M
4 recorded transactions
Zoning & alternative use
R-10 · 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
$17,600,000
ML approach
$17,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$17.60M
Range $15.84M – $19.36M · ±10% · vs last sale $17.60M (Jan 18 2024)
Last sale anchor
$17.60M
Jan 18 2024
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
$1,557 / 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
$143,862
Tax year 2023
Assessed value
$12,974,499
Assessed 2023
Previous assessed
$12,974,499
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$3,050,000
Assessed improvement
$9,924,499
Land market value
$3,050,000
Improvement market value
$9,924,499
Total market value
$12,974,499
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
8
Rooms
438
Total area
11,304 SF
Lot
12.27 ac (534,481 SF)
Zoning code
R-10
APN
1707.19-51-0416 0071367
UPID
US53-1909907
Jurisdiction
WAKE
Zoning & alternative use
R-10 · Raleigh, NC
Zoning R-10 · permitted uses
R-10 · 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
8
Rooms
438
Lot
12.27 ac
Current owner
From public records · entity-resolved
Sg Mf Laurel Springs Investors LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3843 W CHESTER PIKE, NEWTOWN SQUARE, PA 19073-2304
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2024
$17,600,000
Sg Mf Laurel Springs Investors LLC
Laurel Springs Ll LLC
Special Warranty Deed
—
May 23, 2019
$12,250,000
Laurel Springs Ll LLC
Ip9 Mf Springs LLC
Grant Deed
$8,501,000 · Holliday Fenoglio Fowler
Apr 10, 2014
$10,200,000
Ip9 Mf Springs LLC
Mrp Laurel Springs LLC
Grant Deed
$7,489,800 · Miscellaneous Ins Co
Nov 1, 2005
$8,400,000
Mrp Laurel Springs LLC
Laurel
Grant Deed
related
$6,940,000 · Deutsche Bank Berkshire Mtg
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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