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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Garden apartment buildings
905 7th Ave 34 Garner, NC 27529-3654
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US53-2047568
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1974
Construction
FRAME
Total area
5,596 SF
Lot
7.58 ac (330,185 SF)
Zoning code
MF-A
APN
1711.17-11-9629 0085904
UPID
US53-2047568
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
-
Westchester Apartments Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$401k
Blend (final)
Blend
$600k
Owner & transaction history
905 7th LLC · 10 yrs held
905 7th LLC
since 2015
4 recorded transactions
Zoning & alternative use
MF-A · Garner, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The MF-A district is intended to primarily accommodate neighborhood scale multifamily dwellings, including duplexes, lower unit count townhomes, and other housing scale multifamily products. Multifamily dwellings in this district are low impact and can fit into existing single family neighborhoods without excessive disruption of the character of the neighbor…
Zone name
Multifamily A
General category
RESIDENTIAL
Zone area
749.68 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 Garner submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garner 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
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$107 / 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
$95,739
Tax year 2023
Assessed value
$7,331,728
Assessed 2023
Previous assessed
$7,331,728
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$2,240,000
Assessed improvement
$5,091,728
Land market value
$2,240,000
Improvement market value
$5,091,728
Total market value
$7,331,728
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
1974
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
8
Rooms
304
Total area
5,596 SF
Lot
7.58 ac (330,185 SF)
Zoning code
MF-A
APN
1711.17-11-9629 0085904
UPID
US53-2047568
Jurisdiction
WAKE
Zoning & alternative use
MF-A · Garner, NCZoning MF-A · permitted uses
MF-A · Garner, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The MF-A district is intended to primarily accommodate neighborhood scale multifamily dwellings, including duplexes, lower unit count townhomes, and other housing scale multifamily products. Multifamily dwellings in this district are low impact and can fit into existing single family neighborhoods without excessive disruption of the character of the neighborhood.
Zone name
Multifamily A
General category
RESIDENTIAL
Zone area
749.68 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1974
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
8
Rooms
304
Lot
7.58 ac
Current owner
From public records · entity-resolved
905 7th LLC
Entity
Mailing address
10 E 53RD ST FL #18, NEW YORK, NY 10022-5285
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2015
$8,250,000
905 7th LLC
Westchester Garner LLC
Trustees Deed
$6,653,000 · Walker & Dunlop
Sep 16, 2015
—
905 7th LLC
Westchester Garner LLC
Grant Deed
related
—
Sep 2, 2005
$2,762,500
Westchester Garner LLC
Owner,record
Grant Deed
related
—
Mar 20, 2001
—
Westchester I LLC
Westchester I Ll
Quit Claim Deed
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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