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Property profile & analytics
OFF-MARKET
Estimated value
$2,000,000
Warehouses
128 Mcghee Rd, Chapel Hill, NC 27517-8736
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0891273
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2002
Construction
STEEL FRAME
Total area
9,000 SF
Lot
4.73 ac (206,039 SF)
Zoning code
CU-B-1
APN
19610
UPID
US53-0891273
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
-
Bullshop Automotive Auto Repair Shop Insurance Agency
-
MyPlace Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.06M
CAP Approach
CAP
$1.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.00M
Owner & transaction history
Saf Nob Mcghee LLC · 4 yrs held
Saf Nob Mcghee LLC
since 2022
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
CU-B-1 · Chapel Hill, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.8M
+262.8%
Commercial (general)
$1.3M
+161.0%
Office building
$1.3M
+159.8%
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 Chapel Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chapel Hill 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
$1,835,000
ML approach
$2,060,000
CAP Approach
CAP Return
Estimation
6%
$1,390,000
6.5%
$1,285,000
7%
$1,190,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,770,000
Change: +263% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,275,000
Change: +161% · Conversion: Difficult
OFFICE BUILDING
$1,265,000
Change: +160% · Conversion: Difficult
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±10% · vs last sale $2.05M (Feb 28 2022)
Last sale anchor
$2.05M
Feb 28 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
$222 / 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
$6,379
Tax year 2023
Assessed value
$784,566
Assessed 2023
Previous assessed
$784,566
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$193,387
Assessed improvement
$591,179
Land market value
$193,387
Improvement market value
$591,179
Total market value
$784,566
Applied tax rate
107.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
3
Stories
2
Total area
9,000 SF
Lot
4.73 ac (206,039 SF)
Zoning code
CU-B-1
APN
19610
UPID
US53-0891273
Jurisdiction
CHATHAM
Zoning & alternative use
CU-B-1 · Chapel Hill, NC
Zoning CU-B-1 · permitted uses
CU-B-1 · Chapel Hill, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chapel Hill. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
OFFICE 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
2002
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
3
Lot
4.73 ac
Current owner
From public records · entity-resolved
Saf Nob Mcghee LLC
Entity
Mailing address
9718 CHESTNUT RDG DR, WINDERMERE, FL 34786-8943
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2022
$2,050,500
Saf Nob Mcghee LLC
10 Federal Storage Chapel Hill Sout
Special Warranty Deed
—
Mar 28, 2019
—
10 Fedl Storage Chapel Hill S
—
Grant Deed
related
$13,200,000 · Pinnacle Bk
Sep 7, 2017
$2,000,000
10 Fedl Storage Chapel Hill S
Green Cube Self Storage LLC
Warranty Deed
$1,500,000 · Branch Bk&tr
Jun 4, 2013
$750,000
Green Club Self Storage LLC
D Note 3055 LLC
Grant Deed
$675,000 · Sennett Security Products LLC
Jan 14, 2013
$705,000
D Note 3055 LLC
Honeycutt John B JR
Trustees Deed
—
—
—
Farrells Self Storage LLC
—
Deed Of Trust
related
$1,480,000 · Lasalle National Bank
—
—
Green Cube Self Storage LLC
—
Deed Of Trust
related
$56,745 · Branch Bk&tr
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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