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Property profile & analytics
OFF-MARKET
Estimated value
$34,330,000
Refrigerated & Cold Storage
1003 Shotwell Rd, Clayton, NC 27520
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2376170
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1997
Total area
298,354 SF
Lot
36.16 ac (1,575,130 SF)
Zoning code
IND
APN
05G02006F
UPID
US53-2376170
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
$37.70M
Comparable Approach
Comparable
$23.67M
Blend (final)
Blend
$34.33M
Owner & transaction history
Ksip I Cdc LLC · 4 yrs held
Ksip I Cdc LLC
since 2022
Last sale
$34.0M
4 recorded transactions
Zoning & alternative use
IND · Clayton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$47.7M
+62.0%
Auto repair, garage
$45.4M
+54.1%
Commercial (general)
$44.4M
+50.9%
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
$42,335,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$40,835,000
6.5%
$37,695,000
7%
$35,000,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$29,455,000
Current use
RETAIL STORES
$47,725,000
Change: +62% · Conversion: Moderate
AUTO REPAIR, GARAGE
$45,375,000
Change: +54% · Conversion: Easy
COMMERCIAL (GENERAL)
$44,445,000
Change: +51% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$43,745,000
Change: +49% · Conversion: Moderate
MEDICAL BUILDING
$43,370,000
Change: +47% · Conversion: Difficult
Blend value · Realmo final
$34.33M
Range $30.90M – $37.76M · ±10% · vs last sale $33.98M (Jun 14 2021)
Last sale anchor
$33.98M
Jun 14 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
$115 / 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
$206,330
Tax year 2024
Assessed value
$15,631,060
Assessed 2024
Previous assessed
$15,631,060
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$1,379,810
Assessed improvement
$14,251,250
Land market value
$1,379,810
Improvement market value
$14,251,250
Total market value
$15,631,060
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
1997
Heating
NONE
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Bathrooms
10
Total area
298,354 SF
Lot
36.16 ac (1,575,130 SF)
Zoning code
IND
APN
05G02006F
UPID
US53-2376170
Jurisdiction
JOHNSTON
Zoning & alternative use
IND · Clayton, NC
Zoning IND · permitted uses
IND · 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
WAREHOUSE, STORAGE Current
Est. value
$29.5M
RETAIL STORES
Est. value
$47.7M
AUTO REPAIR, GARAGE
Est. value
$45.4M
COMMERCIAL (GENERAL)
Est. value
$44.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$43.7M
MEDICAL BUILDING
Est. value
$43.4M
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1997
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
10
Lot
36.16 ac
Current owner
From public records · entity-resolved
Ksip I Cdc LLC
Entity
Mailing address
725 CONSHOHOCKEN STATE RD, BALA CYNWYD, PA 19004-2122
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jul 5, 2022
$98,000,000
Ksip I Cdc LLC
Sif Cdc LLC
Special Warranty Deed
$74,327,000 · Areeif Lender B LLC
Jun 14, 2021
$33,976,000
Sif Cdc Freezer LLC
Crown Raleighi IV LLC
Special Warranty Deed
$24,100,000 · Webster Bank NA
Aug 16, 2019
$49,076,000
Sif Cdc LLC
Crown Raleigh III LLC
Special Warranty Deed
$31,900,000 · Webster Bank NA
Oct 17, 2007
$30,625,000
Crown-raleigh IV LLC
Jer Clayton LLC
Deed Of Trust
$23,000,000 · Carolina Distribution Ctr Fndg
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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