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Property profile & analytics
OFF-MARKET
Estimated value
$17,035,000
Warehouses
1023 Corporate Park Dr Mebane, NC 27302-8368
Individually Owned
4-yr Hold
Free & Clear
Property ID
US53-2363049
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2012
Total area
134,540 SF
Lot
16.31 ac (710,551 SF)
APN
170960
UPID
US53-2363049
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
-
CBC AMERICA LLC Warehouse & Storage
-
Broadsight Systems, Inc. Metal Fabrication Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.34M
Comparable Approach
Comparable
$18.11M
Blend (final)
Blend
$17.04M
Owner & transaction history
Ipxii Greensboro Logistics Investor · 4 yrs held
Ipxii Greensboro Logistics Investor
since 2022
Last sale
$15.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$15.8M
+63.9%
Office building
$15.5M
+61.1%
Auto repair, garage
$14.5M
+50.8%
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 Mebane submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mebane 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
$18,920,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,705,000
6.5%
$16,340,000
7%
$15,175,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$15,785,000
Change: +64% · Conversion: Difficult
OFFICE BUILDING
$15,510,000
Change: +61% · Conversion: Difficult
AUTO REPAIR, GARAGE
$14,525,000
Change: +51% · Conversion: Easy
RETAIL STORES
$13,370,000
Change: +39% · Conversion: Moderate
Blend value · Realmo final
$17.04M
Range $15.33M – $18.74M · ±10% · vs last sale $15.90M (Mar 4 2022)
Last sale anchor
$15.90M
Mar 4 2022
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
$127 / 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
$125,311
Tax year 2023
Assessed value
$15,624,852
Assessed 2023
Previous assessed
$15,624,852
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$1,598,400
Assessed improvement
$14,026,452
Land market value
$1,598,400
Improvement market value
$14,026,452
Total market value
$15,624,852
Applied tax rate
14.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2012
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
134,540 SF
Lot
16.31 ac (710,551 SF)
APN
170960
UPID
US53-2363049
Jurisdiction
ALAMANCE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$15.8M
OFFICE BUILDING
Est. value
$15.5M
AUTO REPAIR, GARAGE
Est. value
$14.5M
RETAIL STORES
Est. value
$13.4M
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2012
Heating
NONE
Cooling
Yes
Stories
1
Lot
16.31 ac
Current owner
From public records · entity-resolved
Ipxii Greensboro Logistics Investor
Individual
Free & Clear · 4 yrs held
Mailing address
3843 W CHESTER PIKE, NEWTOWN SQUARE, PA 19073-2304
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2022
$15,900,000
Ipxii Greensboro Logistics Investor
1023 Corporate Park Owner LLC
Special Warranty Deed
—
Oct 16, 2018
$9,818,000
1023 Corp Park Owner LLC
Ncic 1023 Corp Park Drive LLC
Grant Deed
$65,352,000 · Miscellaneous Ins Co
Jul 31, 2015
—
Ncic 1023 Corporate Park Drive
Empire Building LLC
Grant Deed
$5,250,000 · High Point Bk&tr
Jul 31, 2015
$1,270,000
Scd I LLC
Starlite Dev Corp
Grant Deed
—
Dec 31, 2013
—
Starlite Dev Corp
—
Grant Deed
related
$7,590,141 · High Point Bank & Trust Co
Jan 4, 2012
$1,166,000
Empire Building LLC
Ncic LLC
Warranty Deed
—
Jan 4, 2012
$1,282,000
Empire Building LLC
Ncic LLC
Warranty Deed
—
Jan 4, 2012
$1,263,000
Empire Building LLC
Owner Name Unavailable
Grant Deed
related
—
Oct 31, 2011
$364,000
Ncic LLC
Clifford M Ray JR Family LP
Warranty Deed
—
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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