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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Outlet malls
113 State Ave Clayton, NC 27520-7226
Entity Owned
7-yr Hold
Free & Clear
Property ID
US53-2182057
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2006
Total area
6,000 SF
Lot
0.63 ac (27,443 SF)
Zoning code
SUP
APN
05G02048O
UPID
US53-2182057
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
-
Cornerstone Health Care Association Or Organization
-
Inland Builders Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$731k
Blend (final)
Blend
$610k
Owner & transaction history
Jackalope Dev LLC · 7 yrs held
Jackalope Dev LLC
since 2018
5 recorded transactions
Zoning & alternative use
SUP · Clayton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Clayton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clayton 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$960,000
Current use
AUTO REPAIR, GARAGE
$915,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$895,000
Change: -7% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$880,000
Change: -8% · Conversion: Moderate
MEDICAL BUILDING
$870,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$102 / 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
$9,097
Tax year 2024
Assessed value
$689,150
Assessed 2024
Previous assessed
$689,150
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$171,520
Assessed improvement
$517,630
Land market value
$171,520
Improvement market value
$517,630
Total market value
$689,150
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2006
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
6,000 SF
Lot
0.63 ac (27,443 SF)
Zoning code
SUP
APN
05G02048O
UPID
US53-2182057
Jurisdiction
JOHNSTON
Zoning & alternative use
SUP · Clayton, NC
Zoning SUP · permitted uses
SUP · Clayton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clayton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$960,000
AUTO REPAIR, GARAGE
Est. value
$915,000
COMMERCIAL (GENERAL)
Est. value
$895,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$880,000
MEDICAL BUILDING
Est. value
$870,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
2006
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Jackalope Dev LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 10766, WILMINGTON, NC 28404-0766
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2018
—
Jackalope Dev LLC
Inland Builders LLC
Grant Deed
—
May 22, 2017
—
Jackalope Dev LLC
—
Deed
related
$277,035 · Wells Fargo Bk
May 8, 2012
—
Jackalope Dev LLC
Inland Builders LLC
Warranty Deed
—
—
—
Jackalope Dev LLC
—
Deed Of Trust
related
$277,035 · Wells Fargo Bk
—
—
Inland Builders LLC
—
Deed Of Trust
related
$83,450 · Four Oaks Bank & Trust Co
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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