Entity Owned 
For Sale
1 / 16
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756 E Haggard Ave, Elon, NC 27244
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Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2004
Total area
17,112 SF
Lot
5.25 ac (228,690 SF)
Zoning code
I 2
APN
115870
UPID
US53-2082970
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Apartment Building Apartments
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.09M
Comparable Approach
Comparable
$2.19M
Blend (final)
Blend
$1.64M
Owner & transaction history
since 2013
5 recorded transactions
Zoning & alternative use
I 2 · Elon, NC
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.64M
Value range
$1.48M – $1.80M
±10% around blend
Estimated value / SF
$96 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
Income certainty
100
$1.48M
blend $1.64M
$1.80M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
17,112 SF
Lot area
5.25 ac
Year built
2004
Stories
1
APN
115870
Zoning
I 2
Assessed value
$8,353,080
Annual tax
$36,085
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.09M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.27M
@ 6.5% CAP return
$2.09M
@ 7% CAP return
$1.94M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$36,085
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.19M
Range $489k – $10.98M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.64M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 23 sales
$1,104
-91%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $96/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
4.72%
Selected cap rate for this apartment buildings
Derived from the Elon market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.72%
9.0%
NOI (est.)
$449k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$9.50M
Move the market yield to see immediate price impact.
Value / SF
$555
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.22%4.72%5.22%
$404k
$9.57M
$8.55M
$7.73M
$449k
$10.63M
$9.50M
$8.59M
$493k
$11.69M
$10.45M
$9.45M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$36,085
Tax year 2023
Assessed value
$8,353,080
Assessed 2023
Previous assessed
$8,353,080
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$691,087
Assessed improvement
$7,661,993
Land market value
$691,087
Improvement market value
$7,661,993
Total market value
$8,353,080
Applied tax rate
13.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
2004
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Rooms
4
Bathrooms
1
Total area
17,112 SF
Lot
5.25 ac (228,690 SF)
Zoning code
I 2
APN
115870
UPID
US53-2082970
Jurisdiction
ALAMANCE
Zoning & alternative use
I 2 · Elon, NCZoning I 2 · permitted uses
I 2 · Elon, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2004
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Rooms
4
Bathrooms
1
Lot
5.25 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
I 2
Jurisdiction
Elon, NC
Recorded code
I 2
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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