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Property profile & analytics
OFF-MARKET
Estimated value
$9,345,000
Manufacturing properties
1010 Burma Dr Apex, NC 27539-5021
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-0974960
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
2005
Total area
47,036 SF
Lot
5.74 ac (250,034 SF)
Zoning code
LI
APN
0751.09-05-4498 0297355
UPID
US53-0974960
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
-
Madern USA Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.21M
Blend (final)
Blend
$9.35M
Owner & transaction history
Madern Realty Holdings LLC · 3 yrs held
Madern Realty Holdings LLC
since 2023
Last sale
$9.2M
2 recorded transactions
Zoning & alternative use
LI · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$15.3M
+181.9%
Warehouse, storage
$11.4M
+109.8%
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 Apex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Apex 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
$9,535,000
ML approach
$9,380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$15,285,000
Change: +182% · Conversion: Difficult
WAREHOUSE, STORAGE
$11,375,000
Change: +110% · Conversion: Easy
Blend value · Realmo final
$9.35M
Range $8.41M – $10.28M · ±10% · vs last sale $9.23M (Feb 24 2023)
Last sale anchor
$9.23M
Feb 24 2023
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
$199 / 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
$63,483
Tax year 2023
Assessed value
$5,786,955
Assessed 2023
Previous assessed
$5,786,955
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$1,500,204
Assessed improvement
$4,286,751
Land market value
$1,500,204
Improvement market value
$4,286,751
Total market value
$5,786,955
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
Manufacturing properties
Use group
HEAVY MANUFACTURING
Status
Off-Market
Year built
2005
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
47,036 SF
Lot
5.74 ac (250,034 SF)
Zoning code
LI
APN
0751.09-05-4498 0297355
UPID
US53-0974960
Jurisdiction
WAKE
Zoning & alternative use
LI · Apex, NC
Zoning LI · permitted uses
LI · Apex, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Apex. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$15.3M
WAREHOUSE, STORAGE
Est. value
$11.4M
MEDICAL BUILDING
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
2005
Heating
SPACE
Cooling
Yes
Stories
1
Lot
5.74 ac
Current owner
From public records · entity-resolved
Madern Realty Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
113 HAYBARN CT, APEX, NC 27502-6231
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2023
$9,232,500
Madern Realty Holdings LLC
Madern Realty USA LLC
Special Warranty Deed
—
Jan 3, 2005
—
Madern Realty USA LLC
Madern Investments Bv
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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