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Property profile & analytics
OFF-MARKET
Estimated value
$1,900,000
Garden apartment buildings
507 Linville St, Newland, NC 28657-9758
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US53-3609655
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2012
Construction
CONCRETE BLOCKS
Total area
38,540 SF
Lot
3.21 ac (139,828 SF)
APN
18361962236300000
UPID
US53-3609655
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
by Request
Blend (final)
Blend
$1.90M
Owner & transaction history
Linville Cove LP · 14 yrs held
Linville Cove LP
since 2012
7 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 Newland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newland 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$49 / 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
$5,331
Tax year 2023
Assessed value
$1,332,787
Assessed 2023
Previous assessed
$1,332,787
+0.0% YoY
Effective rate
0.40%
On assessed value
Assessed land
$786,500
Assessed improvement
$546,287
Land market value
$786,500
Improvement market value
$546,287
Total market value
$1,332,787
Applied tax rate
5.0000
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
2012
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Total area
38,540 SF
Lot
3.21 ac (139,828 SF)
APN
18361962236300000
UPID
US53-3609655
Jurisdiction
AVERY
Zoning & alternative use
Zoning · permitted uses
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
2012
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Lot
3.21 ac
Current owner
From public records · entity-resolved
Linville Cove LP
Entity
Mailing address
PO BOX 26405, GREENSBORO, NC 27404-6405
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2012
—
Linville Cove LP
Eggers,mike & Linda
Quit Claim Deed
related
$1,760,440 · Pnc Bank
Mar 27, 2012
$520,000
Linville Cove LP
Eggers,mike & Linda
Warranty Deed
—
Mar 22, 2012
$520,000
Linville,cove Limited Partners
Eggers,mike
Grant Deed
—
Mar 22, 2012
—
Linville,cove Limited Partners
Eggers,mike
Grant Deed
related
—
Jul 27, 2005
$250,000
Tree Farm
Greene,doris T
Warranty Deed
$400,000 · United Community Bank
—
—
Linville Cove LP
—
Deed Of Trust
related
$821,886 · Florida Housing Finance Agency
—
—
Michael J Eggers
—
Deed Of Trust
related
$279,900 · Branch Banking & Trust 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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