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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Industrial properties
135 State Ave, Clayton, NC 27520-7521
Individually Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1136592
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2020
Total area
4,200 SF
Lot
0.52 ac (22,651 SF)
Zoning code
SUP
APN
05G02048T
UPID
US53-1136592
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
-
Like New Details Car Wash
-
GameDay Marketing (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$670k
Comparable Approach
Comparable
$824k
Blend (final)
Blend
$705k
Owner & transaction history
Scot Cron · 7 yrs held
Scot Cron
since 2018
6 recorded transactions
Zoning & alternative use
SUP · Clayton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$880,000
+40.6%
Retail stores
$670,000
+7.4%
Auto repair, garage
$640,000
+2.1%
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%
$725,000
6.5%
$670,000
7%
$620,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$625,000
Current use
OFFICE BUILDING
$880,000
Change: +41% · Conversion: Easy
RETAIL STORES
$670,000
Change: +7% · Conversion: Easy
AUTO REPAIR, GARAGE
$640,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$615,000
Change: -2% · Conversion: Difficult
MEDICAL BUILDING
$610,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$168 / 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
$7,827
Tax year 2024
Assessed value
$592,930
Assessed 2024
Previous assessed
$592,930
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$99,210
Assessed improvement
$493,720
Land market value
$99,210
Improvement market value
$493,720
Total market value
$592,930
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2020
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
4,200 SF
Lot
0.52 ac (22,651 SF)
Zoning code
SUP
APN
05G02048T
UPID
US53-1136592
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
COMMERCIAL (GENERAL) Current
Est. value
$625,000
OFFICE BUILDING
Est. value
$880,000
RETAIL STORES
Est. value
$670,000
AUTO REPAIR, GARAGE
Est. value
$640,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$615,000
MEDICAL BUILDING
Est. value
$610,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
2020
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Scot Cron
Individual
Free & Clear · 7 yrs held
Mailing address
2004 COXWOODS RD, CLAYTON, NC 27520-9339
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2018
$60,000
Scot Cron
Old Stage LLC
Warranty Deed
—
Aug 8, 2017
$40,000
Old Stage LLC
Blackcap Properties LLC
Warranty Deed
—
Jul 12, 2016
—
Blackcap Properties LLC
—
Deed
related
$11,000 · Old Stage LLC
Jun 9, 2016
—
Blackcap Properties LLC
Colavito,christopher L & Mary R C
Quit Claim Deed
$30,000 · Christopher L & Mary R C Colavito
Jun 17, 2010
—
Chris L Colavito
Wynfield Dev
Warranty Deed
related
—
—
—
Blackcap Properties LLC
—
Deed Of Trust
related
$11,000 · Old Stage 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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