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Property profile & analytics
OFF-MARKET
Estimated value
$1,885,000
Warehouses
1020 Forsyth Ave, Indian Trail, NC 28079-0018
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-0557407
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2008
Total area
14,400 SF
Lot
2.31 ac (100,624 SF)
Zoning code
LI INDIAN TRAIL
APN
07-081-303
UPID
US53-0557407
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
$2.58M
CAP Approach
CAP
$1.89M
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$1.89M
Owner & transaction history
Oakway Properties LLC · 6 yrs held
Oakway Properties LLC
since 2020
Last sale
$1.8M
6 recorded transactions
Zoning & alternative use
LI INDIAN TRAIL · Indian Trail, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.4M
+21.6%
Auto repair, garage
$2.3M
+17.8%
Commercial (general)
$2.3M
+16.9%
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 Indian Trail submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indian Trail 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
$2,420,000
ML approach
$2,580,000
CAP Approach
CAP Return
Estimation
6%
$2,045,000
6.5%
$1,890,000
7%
$1,755,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,935,000
Current use
OFFICE BUILDING
$2,355,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,280,000
Change: +18% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,260,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,185,000
Change: +13% · Conversion: Moderate
Blend value · Realmo final
$1.89M
Range $1.70M – $2.07M · ±10% · vs last sale $1.78M (May 28 2020)
Last sale anchor
$1.78M
May 28 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
$131 / 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
$9,587
Tax year 2023
Assessed value
$1,029,600
Assessed 2023
Previous assessed
$1,029,600
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$203,300
Assessed improvement
$826,300
Land market value
$203,300
Improvement market value
$826,300
Total market value
$1,029,600
Applied tax rate
623.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2008
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
14,400 SF
Lot
2.31 ac (100,624 SF)
Zoning code
LI INDIAN TRAIL
APN
07-081-303
UPID
US53-0557407
Jurisdiction
UNION
Zoning & alternative use
LI INDIAN TRAIL · Indian Trail, NC
Zoning LI INDIAN TRAIL · permitted uses
LI INDIAN TRAIL · Indian Trail, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Indian Trail. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.9M
OFFICE BUILDING
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2008
Heating
YES
Cooling
Yes
Stories
1
Lot
2.31 ac
Current owner
From public records · entity-resolved
Oakway Properties LLC
Entity
Mailing address
4330 MATTHEWS INDIAN TRL RD STE C, INDIAN TRAIL, NC 28079-3780
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2020
$1,775,000
Oakway Properties LLC
Pierson Enterprises LLC
Special Warranty Deed
$1,500,000 · South State Bank
Jan 24, 2014
$1,250,000
Pierson Enterprises LLC
Aj&r Parnters LLC
Special Warranty Deed
$995,000 · Great Western Bank
Nov 7, 2007
$185,000
Aj & R Partners LLC
Njv Investment LLC
Grant Deed
—
Sep 14, 2007
$1,083,000
Conethoran Holdings2 LLC
Njv Investment LLC
Special Warranty Deed
$472,000 · Wachovia Bank NA
—
—
Aj & R Partners LLC
—
Deed Of Trust
related
$912,000 · Suntrust Bank NA
—
—
Pierson Ents LLC
—
Loan Modification
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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