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Property profile & analytics
OFF-MARKET
Estimated value
$2,390,000
Garden apartment buildings
700 Hargett St Raleigh, NC 27603-1695
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-1706601
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1985
Construction
FRAME
Total area
5,440 SF
Lot
0.57 ac (24,829 SF)
Zoning code
OX-7
APN
1703.06-38-9529 0069153
UPID
US53-1706601
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
-
Advanced Construction Concepts Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.39M
Owner & transaction history
120 South Boylan LLC · 5 yrs held
120 South Boylan LLC
since 2020
Last sale
$2.4M
5 recorded transactions
Zoning & alternative use
OX-7 · 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
$3,145,000
ML approach
$3,210,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.39M
Range $2.15M – $2.63M · ±10% · vs last sale $2.40M (Oct 16 2020)
Last sale anchor
$2.40M
Oct 16 2020
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
$439 / 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
$16,181
Tax year 2023
Assessed value
$1,458,831
Assessed 2023
Previous assessed
$1,458,831
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,400,000
Assessed improvement
$58,831
Land market value
$1,400,000
Improvement market value
$58,831
Total market value
$1,458,831
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
1985
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
8
Rooms
42
Total area
5,440 SF
Lot
0.57 ac (24,829 SF)
Zoning code
OX-7
APN
1703.06-38-9529 0069153
UPID
US53-1706601
Jurisdiction
WAKE
Zoning & alternative use
OX-7 · Raleigh, NC
Zoning OX-7 · permitted uses
OX-7 · 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
1985
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
8
Rooms
42
Lot
0.57 ac
Current owner
From public records · entity-resolved
120 South Boylan LLC
Entity
Mailing address
120 S BOYLAN AVE, RALEIGH, NC 27603-1802
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2020
—
120 South Boylan LLC
700 West Hargett Street LLC
Grant Deed
—
—
—
700 West Hargett Street LLC
—
Deed Of Trust
related
$425,000 · Standard Insurance Co
—
—
700 West Hargett Street LLC
—
Deed Of Trust
related
$950,000 · Suntrust Bank NA
—
—
700 West Hargett Street LLC
—
Deed Of Trust
related
$516,500 · First Bk
—
—
700 West Hargett Street LLC
—
Deed Of Trust
related
$900,000 · Central Carolina Bank & Trust
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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