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Property profile & analytics
OFF-MARKET
Estimated value
$4,350,000
Industrial properties
1000 Ashley Wade Ln, Chapel Hill, NC 27516
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2279855
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2006
Total area
24,060 SF
Lot
3.31 ac (144,184 SF)
Zoning code
B5/EC5
APN
9776-58-2516
UPID
US53-2279855
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
$4.89M
Comparable Approach
Comparable
$4.74M
Blend (final)
Blend
$4.35M
Owner & transaction history
Plume Storage Chapel Bill LLC · 4 yrs held
Plume Storage Chapel Bill LLC
since 2021
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
B5/EC5 · Chapel Hill, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Chapel Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chapel Hill 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%
$5,300,000
6.5%
$4,890,000
7%
$4,540,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,170,000
Current use
Blend value · Realmo final
$4.35M
Range $3.92M – $4.79M · ±10% · vs last sale $3.88M (Jul 29 2021)
Last sale anchor
$3.88M
Jul 29 2021
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
$181 / 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
$56,681
Tax year 2024
Assessed value
$4,709,500
Assessed 2024
Previous assessed
$4,709,500
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$3,308,000
Assessed improvement
$1,401,500
Land market value
$3,308,000
Improvement market value
$1,401,500
Total market value
$4,709,500
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2006
Heating
NONE
Buildings
5
Stories
3
Total area
24,060 SF
Lot
3.31 ac (144,184 SF)
Zoning code
B5/EC5
APN
9776-58-2516
UPID
US53-2279855
Jurisdiction
ORANGE
Zoning & alternative use
B5/EC5 · Chapel Hill, NC
Zoning B5/EC5 · permitted uses
B5/EC5 · Chapel Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chapel Hill. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.2M
INDUSTRIAL (GENERAL) Current
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
2006
Heating
NONE
Stories
3
Buildings
5
Lot
3.31 ac
Current owner
From public records · entity-resolved
Plume Storage Chapel Bill LLC
Entity
Free & Clear · 4 yrs held
Mailing address
8385 RAILROAD PL, SARATOGA SPRINGS, NY 12866
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2021
—
Plume Storage Chapel Bill LLC
Starpoint Storage LLC
Limited Warranty Deed
—
Sep 21, 2018
—
Starpoint Storage LLC
—
Grant Deed
related
$4,595,398 · Pinnacle Bk
May 25, 2018
—
Starpoint Storage LLC
Starpoint Global Svcs & Carolc
Quit Claim Deed
related
—
May 25, 2018
$2,563,500
Starpoint Storage LLC
Starstor LLC
Grant Deed
—
Mar 3, 2011
—
Starstor LLC
—
Deed Of Trust
related
$1,187,078 · Wells Fargo Bank
Dec 14, 2009
—
Starstor LLC
—
Deed Of Trust
related
$9,390,000 · Wachovia Bank NA
Jun 24, 2005
—
Starstor LLC
—
Trustees Deed
related
$3,750,000 · Harrington Bank Fsb
—
—
Starstor LLC
—
Deed Of Trust
related
$4,695,000 · Wachovia Bk/ga
—
—
Starstor LLC
—
Loan Modification
related
$4,518,643 · Wells Fargo Bk
—
—
Starstor LLC
—
Loan Modification
related
$4,518,643 · Wells Fargo Bk
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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