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Property profile & analytics
OFF-MARKET
Estimated value
$11,120,000
Garden apartment buildings
55 Johnson St, Coats, NC 27521-8409
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1097994
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2017
Total area
1,453 SF
Lot
7.51 ac (327,136 SF)
Zoning code
R20
APN
7069015010013
UPID
US53-1097994
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
$11.12M
Blend (final)
Blend
$11.12M
Owner & transaction history
Mckinley Place LP · 10 yrs held
Mckinley Place LP
since 2015
6 recorded transactions
Zoning & alternative use
R20 · Coats, 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 Coats submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coats 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.12M
Range $10.01M – $12.23M · ±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
$7,653 / 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
$32,749
Tax year 2023
Assessed value
$2,399,997
Assessed 2023
Previous assessed
$3,151,198
-23.8% YoY
Effective rate
1.36%
On assessed value
Land market value
$159,190
Improvement market value
$2,240,807
Total market value
$2,399,997
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
2017
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
1
Rooms
78
Total area
1,453 SF
Lot
7.51 ac (327,136 SF)
Zoning code
R20
APN
7069015010013
UPID
US53-1097994
Jurisdiction
HARNETT
Zoning & alternative use
R20 · Coats, NC
Zoning R20 · permitted uses
R20 · Coats, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coats. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2017
Heating
HEAT PUMP
Cooling
Yes
Buildings
1
Rooms
78
Lot
7.51 ac
Current owner
From public records · entity-resolved
Mckinley Place LP
Entity
Mailing address
3924 BROWNING PL, RALEIGH, NC 27609-6509
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Mar 14, 2019
—
Mckinley Place LP
—
Deed
related
$1,603,865 · Bonneville Mtg
Apr 6, 2017
—
Mckinley Place LP
—
Deed
related
$303,276 · Housing Fin Agcy
Sep 27, 2016
—
Mckinley Place LP
—
Trustees Deed
related
$4,740,000 · Regions Bk
Dec 1, 2015
$540,000
Mckinley Place LP
Mathis,norma L J & Rex B
Warranty Deed
$513,000 · Housing Fin Agcy
—
—
Mckinley Place LP
—
Deed Of Trust
related
$1,603,865 · Bonneville Mtg
—
—
Mckinley Place LP
—
Deed Of Trust
related
$303,276 · Housing Fin Agcy
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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