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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Garden apartment buildings
950 Parkside Vlg Dr Clayton, NC 27520-4127
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5717257
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2001
Total area
10,052 SF
Lot
11.33 ac (493,535 SF)
Zoning code
OFF
APN
05G02009K
UPID
US53-5717257
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
-
Parkside Village Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.36M
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.26M
Owner & transaction history
Spinksville III LLC · 18 yrs held
Spinksville III LLC
since 2007
1 recorded transaction
Zoning & alternative use
OFF · Clayton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+122.7%
Auto repair, garage
$1.1M
+72.6%
Commercial (general)
$1.0M
+65.8%
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 Clayton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clayton 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,475,000
6.5%
$1,360,000
7%
$1,265,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,390,000
Change: +123% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,075,000
Change: +73% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,035,000
Change: +66% · Conversion: Moderate
RESTAURANT
$965,000
Change: +54% · Conversion: Difficult
MEDICAL BUILDING
$805,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±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
$125 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$218,810
Tax year 2024
Assessed value
$16,576,480
Assessed 2024
Previous assessed
$16,576,480
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$1,480,600
Assessed improvement
$15,095,880
Land market value
$1,480,600
Improvement market value
$15,095,880
Total market value
$16,576,480
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
2001
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
18
Stories
3
Units
8
Bathrooms
1
Total area
10,052 SF
Lot
11.33 ac (493,535 SF)
Zoning code
OFF
APN
05G02009K
UPID
US53-5717257
Jurisdiction
JOHNSTON
Zoning & alternative use
OFF · Clayton, NC
Zoning OFF · permitted uses
OFF · Clayton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clayton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
RESTAURANT
Est. value
$965,000
MEDICAL BUILDING
Est. value
$805,000
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Buildings
18
Units
8
Bathrooms
1
Lot
11.33 ac
Current owner
From public records · entity-resolved
Spinksville III LLC
Entity
Mailing address
50 MONUMENT RD STE #102, BALA CYNWYD, PA 19004-1706
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2007
$11,655,000
Spinksville III LLC
Parkside Village Associates
Warranty Deed
$9,400,000 · Merrill Lynch Mortgage Lending INC
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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