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Property profile & analytics
OFF-MARKET
Estimated value
$18,660,000
Warehouses
1221 Chicopee Rd, Benson, NC 27504-2121
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-0026526
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2022
Total area
167,322 SF
Lot
16.83 ac (733,115 SF)
Zoning code
IND
APN
01E10011D
UPID
US53-0026526
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
$21.14M
Comparable Approach
Comparable
$20.91M
Blend (final)
Blend
$18.66M
Owner & transaction history
Parker Chicopee One LLC · 4 yrs held
Parker Chicopee One LLC
since 2022
2 recorded transactions
Zoning & alternative use
IND · Benson, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$28.0M
+88.5%
Retail stores
$26.8M
+80.4%
Auto repair, garage
$25.5M
+71.5%
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 Benson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Benson 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%
$22,900,000
6.5%
$21,140,000
7%
$19,630,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$14,835,000
Current use
OFFICE BUILDING
$27,955,000
Change: +88% · Conversion: Difficult
RETAIL STORES
$26,765,000
Change: +80% · Conversion: Moderate
AUTO REPAIR, GARAGE
$25,450,000
Change: +72% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$24,535,000
Change: +65% · Conversion: Moderate
MEDICAL BUILDING
$24,320,000
Change: +64% · Conversion: Difficult
COMMERCIAL (GENERAL)
$17,835,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$18.66M
Range $16.79M – $20.53M · ±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
$112 / 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
$112,770
Tax year 2024
Assessed value
$10,791,400
Assessed 2024
Previous assessed
$10,791,400
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$374,940
Assessed improvement
$10,416,460
Land market value
$374,940
Improvement market value
$10,416,460
Total market value
$10,791,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2022
Heating
NONE
Cooling
NONE
Stories
1
Total area
167,322 SF
Lot
16.83 ac (733,115 SF)
Zoning code
IND
APN
01E10011D
UPID
US53-0026526
Jurisdiction
JOHNSTON
Zoning & alternative use
IND · Benson, NC
Zoning IND · permitted uses
IND · Benson, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Benson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$14.8M
OFFICE BUILDING
Est. value
$28.0M
RETAIL STORES
Est. value
$26.8M
AUTO REPAIR, GARAGE
Est. value
$25.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$24.5M
MEDICAL BUILDING
Est. value
$24.3M
COMMERCIAL (GENERAL)
Est. value
$17.8M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
2022
Heating
NONE
Cooling
Yes
Stories
1
Lot
16.83 ac
Current owner
From public records · entity-resolved
Parker Chicopee One LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 565, BENSON, NC 27504-0565
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2022
—
Parker Chicopee One LLC
Benson Global LLC
Warranty Deed
—
Aug 20, 2021
$400,000
Benson Global LLC
Chicopee INC
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.
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