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Property profile & analytics
OFF-MARKET
Estimated value
$2,020,000
Warehouses
1579 Bakatsias Rd, Haw River, NC 27258-9503
Individually Owned
4-yr Hold
Free & Clear
Property ID
US53-0882665
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Total area
16,279 SF
Lot
6.87 ac (299,257 SF)
Zoning code
IND 1
APN
152969
UPID
US53-0882665
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
$2.36M
Comparable Approach
Comparable
$2.19M
Blend (final)
Blend
$2.02M
Owner & transaction history
Bruce N Orr · 4 yrs held
Bruce N Orr
since 2021
Last sale
$40,500
6 recorded transactions
Zoning & alternative use
IND 1 · Haw River, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+63.9%
Office building
$1.9M
+61.1%
Auto repair, garage
$1.8M
+50.8%
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 Haw River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Haw River 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%
$2,555,000
6.5%
$2,360,000
7%
$2,190,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,910,000
Change: +64% · Conversion: Difficult
OFFICE BUILDING
$1,875,000
Change: +61% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,760,000
Change: +51% · Conversion: Easy
RETAIL STORES
$1,620,000
Change: +39% · Conversion: Moderate
Blend value · Realmo final
$2.02M
Range $1.82M – $2.22M · ±10% · vs last sale $41k (Aug 27 2021)
Last sale anchor
$41k
Aug 27 2021
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
$124 / 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
$11,651
Tax year 2023
Assessed value
$2,697,003
Assessed 2023
Previous assessed
$1,994,453
+35.2% YoY
Effective rate
0.43%
On assessed value
Assessed land
$440,375
Assessed improvement
$2,256,628
Land market value
$440,375
Improvement market value
$2,256,628
Total market value
$2,697,003
Applied tax rate
11.0000
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
2019
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
3
Stories
1
Rooms
4
Bathrooms
4
Total area
16,279 SF
Lot
6.87 ac (299,257 SF)
Zoning code
IND 1
APN
152969
UPID
US53-0882665
Jurisdiction
ALAMANCE
Zoning & alternative use
IND 1 · Haw River, NC
Zoning IND 1 · permitted uses
IND 1 · Haw River, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Haw River. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES
Est. value
$1.6M
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2019
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
3
Rooms
4
Bathrooms
4
Lot
6.87 ac
Current owner
From public records · entity-resolved
Bruce N Orr
Individual
Free & Clear · 4 yrs held
Mailing address
10TH 1579TH BAKATSIAS LN HAW RIV NC LLC 3301ST AVE, RALEIGH, NC 27604
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2026
—
10fss J85 LLC
—
Deed
related
$500,000 · United States Small Business Admin
Aug 27, 2021
—
Bruce N Orr
10fss 185 LLC
Special Warranty Deed
—
Aug 27, 2021
$40,500
1ofss 1579 Bakatsias Ln Haw River N
Kmo Holdings LLC
Special Warranty Deed
—
Aug 27, 2021
$5,679,000
10fss 1579 Bakatsias Ln Haw River N
Bruce N Orr
Special Warranty Deed
$3,075,144 · Truist Bank
Nov 29, 2017
$540,000
10fss 185 LLC
85/40 Investments LLC
Warranty Deed
—
Jul 19, 2016
$325,000
85/40 Investments LLC
Golding,jerry W
Warranty Deed
$300,000 · Jerry W Golding
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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