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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Garden apartment buildings
605 Woodburn Rd, Raleigh, NC 27605-1569
Entity Owned
15-yr Hold
Free & Clear
Property ID
US53-1896863
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1950
Construction
BRICK
Total area
4,888 SF
Lot
1.01 ac (43,996 SF)
Zoning code
RX-3
APN
1704.13-03-9499 0080344
UPID
US53-1896863
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
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$352k
Blend (final)
Blend
$500k
Owner & transaction history
Cameron Village Apartments LLC · 15 yrs held
Cameron Village Apartments LLC
since 2010
7 recorded transactions
Zoning & alternative use
RX-3 · 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
by Request
ML approach
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$102 / 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
$28,490
Tax year 2023
Assessed value
$2,562,385
Assessed 2023
Previous assessed
$2,562,385
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,100,000
Assessed improvement
$462,385
Land market value
$2,100,000
Improvement market value
$462,385
Total market value
$2,562,385
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
1950
Construction
BRICK
Heating
CENTRAL
Cooling
NONE
Stories
2
Units
8
Total area
4,888 SF
Lot
1.01 ac (43,996 SF)
Zoning code
RX-3
APN
1704.13-03-9499 0080344
UPID
US53-1896863
Jurisdiction
WAKE
Zoning & alternative use
RX-3 · Raleigh, NC
Zoning RX-3 · permitted uses
RX-3 · 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
1950
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
8
Lot
1.01 ac
Current owner
From public records · entity-resolved
Cameron Village Apartments LLC
Entity
Free & Clear · 15 yrs held
Mailing address
2016 CAMERON ST STE #214, RALEIGH, NC 27605-1361
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2021
—
Plantation Point Dev LLC
—
Deed
related
—
Sep 23, 2019
—
Cameron Village Apartments LLC
—
Grant Deed
related
$3,908,661 · Towne Bk
Mar 26, 2018
—
Cameron Village Apartments LLC
—
Grant Deed
related
$3,650,000 · Paragon Bk
Aug 5, 2016
—
Plantation Point Dev LLC
—
Deed
related
—
Nov 10, 2010
—
Cameron Village Apartments LLC
—
Deed Of Trust
related
$1,550,000 · Riversource Life Insurance
Oct 15, 2010
—
Cameron Village Apartments LLC
Smallwood Properties LLC
Warranty Deed
related
—
—
—
Plantation Point Dev LLC
—
Loan Modification
related
—
—
—
Plantation Point Dev LLC
—
Loan Modification
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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