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Property profile & analytics
OFF-MARKET
Estimated value
$3,095,000
Garden apartment buildings
Beech Lndg Dr Clayton, NC 27527
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2618356
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2021
Total area
72,416 SF
Lot
6.61 ac (287,932 SF)
Zoning code
COM
APN
05I04023Y
UPID
US53-2618356
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
$3.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.76M
Blend (final)
Blend
$3.10M
Owner & transaction history
LWB CLAYTON APARTMENTS II LLC · 6 yrs held
LWB CLAYTON APARTMENTS II LLC
since 2020
Last sale
$2.5M
1 recorded transaction
Zoning & alternative use
COM · Clayton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.1M
+19.0%
Retail stores
$4.9M
+13.6%
Warehouse, storage
$4.6M
+7.3%
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
$2,965,000
ML approach
$3,710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,310,000
Current use
MEDICAL BUILDING
$5,130,000
Change: +19% · Conversion: Moderate
RETAIL STORES
$4,895,000
Change: +14% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,625,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$3.10M
Range $2.79M – $3.40M · ±10% · vs last sale $2.52M (Sep 24 2020)
Last sale anchor
$2.52M
Sep 24 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
$43 / 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
$260,292
Tax year 2024
Assessed value
$19,719,100
Assessed 2024
Previous assessed
$19,719,100
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$1,439,660
Assessed improvement
$18,279,440
Land market value
$1,439,660
Improvement market value
$18,279,440
Total market value
$19,719,100
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
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
2021
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
2
Stories
3
Units
128
Total area
72,416 SF
Lot
6.61 ac (287,932 SF)
Zoning code
COM
APN
05I04023Y
UPID
US53-2618356
Jurisdiction
JOHNSTON
Zoning & alternative use
COM · Clayton, NC
Zoning COM · permitted uses
COM · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$5.1M
RETAIL STORES
Est. value
$4.9M
WAREHOUSE, STORAGE
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
2021
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Buildings
2
Units
128
Lot
6.61 ac
Current owner
From public records · entity-resolved
LWB CLAYTON APARTMENTS II LLC
Entity
Free & Clear · 6 yrs held
Mailing address
341 KILMAYNE DR STE #201, CARY, NC 27511-4490
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2020
$2,520,000
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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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