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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Garden apartment buildings
600 Malcolm Vly Pl Cary, NC 27511-6741
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-1866911
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2005
Construction
FRAME
Total area
12,250 SF
Lot
3.28 ac (142,877 SF)
Zoning code
RMFP
APN
0764.17-00-9543 0300146
UPID
US53-1866911
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
Current use
Occupant on record · Public records
-
Highland Manor Charitable Organization Social Service Agency
-
Highland Village Apartments Apartment Building
-
Advance Community Health-Highland Village Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$915k
Owner & transaction history
Highland Village Preservation LLC · 1 yrs held
Highland Village Preservation LLC
since 2024
7 recorded transactions
Zoning & alternative use
RMFP · Cary, 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 Cary submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cary 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
$75 / 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
$1,000
Tax year 2023
Assessed value
$2,257,112
Assessed 2023
Previous assessed
$2,257,112
+0.0% YoY
Effective rate
0.04%
On assessed value
Assessed land
$578,000
Assessed improvement
$1,679,112
Land market value
$578,000
Improvement market value
$1,679,112
Total market value
$2,257,112
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
2005
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
10
Total area
12,250 SF
Lot
3.28 ac (142,877 SF)
Zoning code
RMFP
APN
0764.17-00-9543 0300146
UPID
US53-1866911
Jurisdiction
WAKE
Zoning & alternative use
RMFP · Cary, NC
Zoning RMFP · permitted uses
RMFP · Cary, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cary. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
10
Lot
3.28 ac
Current owner
From public records · entity-resolved
Highland Village Preservation LLC
Entity
Mailing address
113 S WILMINGTON ST, RALEIGH, NC 27601-1443
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2024
$2,590,000
Highland Village Preservation LLC
Highland Village Housing LLC
Special Warranty Deed
$194,075 · Highland Village Housing LLC
May 12, 2005
—
Village Highland
—
Trustees Deed
related
$1,800,000 · Suntrust Bank NA
Nov 26, 2003
$550,000
Village LP Highland
—
Grant Deed
related
—
Nov 21, 2003
$550,000
Village LP Highland
Dhic INC
Grant Deed
—
—
—
Village Highland
—
Deed Of Trust
related
$205,000 · Dhic INC
—
—
Village Highland
—
Deed Of Trust
related
$384,911 · Florida Housing Finance Agency
—
—
Village Highland
—
Deed Of Trust
related
$725,000 · Community Inv Corp/carolinas
—
—
Village Highland
—
Deed Of Trust
related
$750,000 · Florida Housing Finance Agency
—
—
Village Highland
—
Deed Of Trust
related
$245,000 · Dhic INC
—
—
Village Highland
—
Deed Of Trust
related
$250,000 · Wake County
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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