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Property profile & analytics
OFF-MARKET
Estimated value
$1,120,000
Warehouses
1311 2nd Ave, Siler City, NC 27344-1841
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0816918
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Construction
STEEL FRAME
Total area
56,014 SF
Lot
7.25 ac (315,810 SF)
Zoning code
L-I
APN
15603
UPID
US53-0816918
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
-
Green Panda Farms Food Processing Plant
-
Starpoint Global Services Storage Facility
-
Conveyor Equipment Co Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$975k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.12M
Owner & transaction history
Coleman Building LLC · 9 yrs held
Coleman Building LLC
since 2016
4 recorded transactions
Zoning & alternative use
L-I · Siler City, 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 Siler City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Siler City 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
$975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.12M
Range $1.01M – $1.23M · ±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
$20 / 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
$12,980
Tax year 2023
Assessed value
$1,059,587
Assessed 2023
Previous assessed
$1,059,587
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$166,875
Assessed improvement
$892,712
Land market value
$166,875
Improvement market value
$892,712
Total market value
$1,059,587
Applied tax rate
202.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Total area
56,014 SF
Lot
7.25 ac (315,810 SF)
Zoning code
L-I
APN
15603
UPID
US53-0816918
Jurisdiction
CHATHAM
Zoning & alternative use
L-I · Siler City, NC
Zoning L-I · permitted uses
L-I · Siler City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Siler City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
7.25 ac
Current owner
From public records · entity-resolved
Coleman Building LLC
Entity
Mailing address
1898 HENDERSON TANYARD RD, PITTSBORO, NC 27312-9192
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2020
—
Coleman Building LLC
—
Deed Of Trust
related
$840,000 · Baker17 LLC
Sep 4, 2020
—
Coleman Building LLC
—
Deed Of Trust
related
$600,000 · Gof Finance LLC
Sep 14, 2017
—
Coleman Building LLC
—
Trustees Deed
related
$250,000 · Aaron M Baker
Sep 2, 2016
$250,000
Coleman Building LLC
Coleman Cable LLC
Grant Deed
related
$200,000 · Coleman Cable LLC
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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