Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$46,470,000
Distribution centers
1201 Burma Dr Apex, NC 27539-5055
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0319656
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2022
Total area
302,498 SF
Lot
25.99 ac (1,132,124 SF)
Zoning code
LI-CZ
APN
0751.03-14-3089 0484154
UPID
US53-0319656
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
-
Empire Distributors Inc Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$36.17M
Comparable Approach
Comparable
$48.62M
Blend (final)
Blend
$46.47M
Owner & transaction history
Bin Bd12o1 LLC · 5 yrs held
Bin Bd12o1 LLC
since 2021
1 recorded transaction
Zoning & alternative use
LI-CZ · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District; B3-CZ Transitional Business Conditional Zoning District; PC-CZ Planned Commercial Conditional Zoning District; and TF-CZ Tech/Flex Conditional Zoning District; 3.2.7 Conditional Zoning Industrial Districts A) LI-CZ Light Industrial Conditional Zoning District; and B) HI-CZ Heavy Industrial Conditional Zoning District. 3.2.8 Conditional Zoning Plann…
Zone name
Light Industrial Conditional Zoning
General category
INDUSTRIAL
Zone area
765.66 ac
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 Apex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Apex 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%
$39,185,000
6.5%
$36,170,000
7%
$33,585,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$73,155,000
Current use
RETAIL STORES
$65,535,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$46.47M
Range $41.82M – $51.12M · ±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
$154 / 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
$440,898
Tax year 2024
Assessed value
$51,657,672
Assessed 2024
Previous assessed
$51,657,672
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$3,130,657
Assessed improvement
$48,527,015
Land market value
$3,130,657
Improvement market value
$48,527,015
Total market value
$51,657,672
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2022
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
302,498 SF
Lot
25.99 ac (1,132,124 SF)
Zoning code
LI-CZ
APN
0751.03-14-3089 0484154
UPID
US53-0319656
Jurisdiction
WAKE
Zoning & alternative use
LI-CZ · Apex, NCZoning LI-CZ · permitted uses
LI-CZ · Apex, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
District; B3-CZ Transitional Business Conditional Zoning District; PC-CZ Planned Commercial Conditional Zoning District; and TF-CZ Tech/Flex Conditional Zoning District; 3.2.7 Conditional Zoning Industrial Districts A) LI-CZ Light Industrial Conditional Zoning District; and B) HI-CZ Heavy Industrial Conditional Zoning District. 3.2.8 Conditional Zoning Planned Development Districts MEC-CZ Major Employment Center Conditional Zoning District;
Zone name
Light Industrial Conditional Zoning
General category
INDUSTRIAL
Zone area
765.66 ac
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$73.2M
RETAIL STORES
Est. value
$65.5M
WAREHOUSE, STORAGE Current
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
2022
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
25.99 ac
Current owner
From public records · entity-resolved
Bin Bd12o1 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
500 E MOREHEAD ST STE #200, CHARLOTTE, NC 28202-3353
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2021
—
Bin Bd12o1 LLC
Town Of Apex
Special 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1201 Burma Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
