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Property profile & analytics
OFF-MARKET
Estimated value
$41,715,000
Warehouses
1027 Corporate Park Dr, Mebane, NC 27302-8368
Individually Owned
4-yr Hold
Free & Clear
Property ID
US53-2300261
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2011
Total area
367,187 SF
Lot
23.75 ac (1,034,594 SF)
Zoning code
M 2
APN
163495
UPID
US53-2300261
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
-
Walter Kidde Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$44.60M
Comparable Approach
Comparable
$48.62M
Blend (final)
Blend
$41.72M
Owner & transaction history
Ipxii Greensboro Logistics Investor · 4 yrs held
Ipxii Greensboro Logistics Investor
since 2022
Last sale
$40.5M
6 recorded transactions
Zoning & alternative use
M 2 · Mebane, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$43.1M
+63.9%
Office building
$42.3M
+61.1%
Auto repair, garage
$39.6M
+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
$48,200,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$48,315,000
6.5%
$44,600,000
7%
$41,410,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$26,285,000
Current use
COMMERCIAL (GENERAL)
$43,080,000
Change: +64% · Conversion: Difficult
OFFICE BUILDING
$42,335,000
Change: +61% · Conversion: Difficult
AUTO REPAIR, GARAGE
$39,645,000
Change: +51% · Conversion: Easy
RETAIL STORES
$36,495,000
Change: +39% · Conversion: Moderate
Blend value · Realmo final
$41.72M
Range $37.54M – $45.89M · ±10% · vs last sale $40.50M (Mar 4 2022)
Last sale anchor
$40.50M
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
$114 / 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
$317,408
Tax year 2023
Assessed value
$39,577,018
Assessed 2023
Previous assessed
$39,577,018
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$2,156,325
Assessed improvement
$37,420,693
Land market value
$2,156,325
Improvement market value
$37,420,693
Total market value
$39,577,018
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
2011
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
367,187 SF
Lot
23.75 ac (1,034,594 SF)
Zoning code
M 2
APN
163495
UPID
US53-2300261
Jurisdiction
ALAMANCE
Zoning & alternative use
M 2 · Mebane, NC
Zoning M 2 · permitted uses
M 2 · Mebane, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mebane. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$26.3M
COMMERCIAL (GENERAL)
Est. value
$43.1M
OFFICE BUILDING
Est. value
$42.3M
AUTO REPAIR, GARAGE
Est. value
$39.6M
RETAIL STORES
Est. value
$36.5M
WAREHOUSE, STORAGE Current
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
2011
Heating
NONE
Cooling
Yes
Stories
1
Lot
23.75 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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2022
$40,500,000
Ipxii Greensboro Logistics Investor
1027 Corporate Park Owner LLC
Special Warranty Deed
—
Oct 16, 2018
$26,429,500
1027 Corp Park Owner LLC
Ncic 1027 Corp Park Drive LLC
Grant Deed
$65,352,000 · Miscellaneous Ins Co
Jun 9, 2015
—
Ncic 1027 Corporate Park Drive
Sst Properties LLC
Special Warranty Deed
$12,461,144 · Wells Fargo Bank NA
May 25, 2011
$1,131,000
Sst Properties LLC
Owner Name Unavailable
Grant Deed
related
—
May 25, 2011
$565,500
Ncic LLC
Owner Name Unavailable
Grant Deed
related
—
Mar 26, 2009
—
Ray Clifford M JR Family LP
Owner Name Unavailable
Grant 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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