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Property profile & analytics
OFF-MARKET
Estimated value
$6,955,000
Warehouses
1045 Commonwealth Rd, Randleman, NC 27317-7143
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-2060879
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2020
Total area
109,803 SF
Lot
28.68 ac (1,249,301 SF)
Zoning code
I1
APN
7755256849
UPID
US53-2060879
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
$8.17M
Comparable Approach
Comparable
$7.40M
Blend (final)
Blend
$6.96M
Owner & transaction history
ISLAND FORD PROPERTIES LLC
ISLAND FORD PROPERTIES LLC
Zoning & alternative use
I1 · Randleman, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.0M
+80.6%
Auto repair, garage
$7.8M
+76.4%
Retail stores
$7.7M
+74.3%
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 Randleman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Randleman 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,850,000
6.5%
$8,170,000
7%
$7,585,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,440,000
Current use
OFFICE BUILDING
$8,015,000
Change: +81% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,830,000
Change: +76% · Conversion: Easy
RETAIL STORES
$7,735,000
Change: +74% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,180,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$6.96M
Range $6.26M – $7.65M · ±10%
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
$63 / 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
$194,523
Tax year 2024
Assessed value
$17,214,430
Assessed 2024
Previous assessed
$17,214,430
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,197,900
Assessed improvement
$16,016,530
Land market value
$1,197,900
Improvement market value
$16,016,530
Total market value
$17,214,430
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
2020
Heating
OTHER
Cooling
NONE
Buildings
2
Stories
1
Total area
109,803 SF
Lot
28.68 ac (1,249,301 SF)
Zoning code
I1
APN
7755256849
UPID
US53-2060879
Jurisdiction
RANDOLPH
Zoning & alternative use
I1 · Randleman, NC
Zoning I1 · permitted uses
I1 · Randleman, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Randleman. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.4M
OFFICE BUILDING
Est. value
$8.0M
AUTO REPAIR, GARAGE
Est. value
$7.8M
RETAIL STORES
Est. value
$7.7M
COMMERCIAL (GENERAL)
Est. value
$6.2M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
2020
Heating
OTHER
Cooling
Yes
Stories
1
Buildings
2
Lot
28.68 ac
Current owner
From public records · entity-resolved
ISLAND FORD PROPERTIES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 8050, GREENSBORO, NC 27419-0050
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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