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Property profile & analytics
OFF-MARKET
Estimated value
$220,000
Garden apartment buildings
505 3rd St Ayden, NC 28513
Individually Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0881053
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1979
Construction
FRAME
Total area
3,360 SF
Lot
0.38 ac (16,553 SF)
Zoning code
R6
APN
12427
UPID
US53-0881053
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
$220k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$220k
Owner & transaction history
Pollard,walter S III & Katherine E · 19 yrs held
Pollard,walter S III & Katherine E
since 2007
2 recorded transactions
Zoning & alternative use
R6 · Ayden, 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 Ayden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ayden 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
$220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$220k
Range $198k – $242k · ±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
$65 / 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
$2,363
Tax year 2023
Assessed value
$122,591
Assessed 2023
Previous assessed
$122,591
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$10,070
Assessed improvement
$112,521
Land market value
$10,070
Improvement market value
$112,521
Total market value
$122,591
Applied tax rate
40.0000
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
1979
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
7
Rooms
21
Bathrooms
7
Total area
3,360 SF
Lot
0.38 ac (16,553 SF)
Zoning code
R6
APN
12427
UPID
US53-0881053
Jurisdiction
PITT
Zoning & alternative use
R6 · Ayden, NCZoning R6 · permitted uses
R6 · Ayden, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1979
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
7
Rooms
21
Bathrooms
7
Lot
0.38 ac
Current owner
From public records · entity-resolved
Pollard,walter S III & Katherine E
Individual
Free & Clear · 19 yrs held
Mailing address
501 KENT RD, GREENVILLE, NC 27858-4969
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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
Apr 1, 2007
$120,000
Pollard,walter S III & Katherine E
Owner Name Unavailable
Grant Deed
related
—
Jan 1, 2006
—
Way,leroy L SR
Way,leroy L SR
Quit Claim Deed
related
—
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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