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Property profile & analytics
OFF-MARKET
Garden apartment buildings
7131 Nc Hwy 751 Durham, NC 27713
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-3021385
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1987
Total area
15,816 SF
Lot
14.38 ac (626,393 SF)
Zoning code
RS-M
APN
135737
UPID
US53-3021385
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
by Request
Owner & transaction history
S2 Bridges Aro LLC · 4 yrs held
S2 Bridges Aro LLC
since 2021
Last sale
$41.8M
5 recorded transactions
Zoning & alternative use
RS-M · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Multifamilydevelopmentis permitted in areas designated RS-M, which should have convenient access to arterial streets and nearby civic, commercial or employment uses.
Zone name
Residential Suburban Multifamily
General category
CIVIC_INSTITUTIONAL
Zone area
2,204.72 ac
Source
Realmo
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 Durham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Durham 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
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$270,868
Tax year 2024
Assessed value
$19,418,457
Assessed 2024
Previous assessed
$19,418,457
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$2,880,000
Assessed improvement
$16,538,457
Land market value
$2,880,000
Improvement market value
$16,538,457
Total market value
$19,418,457
Applied tax rate
1.0000
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
1987
Heating
YES
Cooling
YES
Stories
3
Total area
15,816 SF
Lot
14.38 ac (626,393 SF)
Zoning code
RS-M
APN
135737
UPID
US53-3021385
Jurisdiction
DURHAM
Zoning & alternative use
RS-M · Durham, NCZoning RS-M · permitted uses
RS-M · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Multifamilydevelopmentis permitted in areas designated RS-M, which should have convenient access to arterial streets and nearby civic, commercial or employment uses.
Zone name
Residential Suburban Multifamily
General category
CIVIC_INSTITUTIONAL
Zone area
2,204.72 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1987
Heating
YES
Cooling
Yes
Stories
3
Lot
14.38 ac
Current owner
From public records · entity-resolved
S2 Bridges Aro LLC
Entity
Mailing address
2801 N HARWOOD ST STE #1800, DALLAS, TX 75201-2693
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Dec 22, 2021
$41,800,000
S2 Bridges Aro LLC
Mp Bridges At Southpoint LLC
Special Warranty Deed
$83,900,000 · Chicago Title Insurance Co
Jun 21, 2019
—
Mp Bridges At Southpoint LLC
—
Grant Deed
related
$17,970,000 · Wells Fargo Bk
May 2, 2016
$20,500,000
Mp Bridges At Southpoint LLC
Fairfield Southpoint LLC
Special Warranty Deed
$15,225,000 · Wells Fargo Bank NA
Jan 2, 2013
$12,760,000
Fairfield Southpoint LLC
Bnp South Point LLC
Special Warranty Deed
—
Sep 30, 2004
$10,200,000
Bnp Of Southpoint LLC
Sterling Apartments LLC
Grant Deed
—
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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