Entity Owned Property summary
AI-generated overview
A 4,700-square-foot flex/office property configured for light industrial use, zoned accordingly. The interior includes a conference room, private offices, a break room, and warehouse/storage space with 16-foot ceiling height and available warehouse racking. The building has a dock door and is equipped with a rooftop solar installation that generates approximately $1,500 in annual electric savings. Water service is included in the operating expense structure. Location-wise, it is situated about 1.8 miles from US-1/Capital Blvd, 4.5 miles from US-401, and 7.5 miles from I-540.
Property profile
Verified
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Construction
METAL FRAME
Total area
2,384 SF
Lot
0.01 ac (436 SF)
Zoning code
LI
APN
1840.03-32-2222 0302238
UPID
US53-1285067
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$485k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
since 2023
Last sale
$400,800
7 recorded transactions
Zoning & alternative use
LI · Wake Forest, NC
Zoning description
The Light Industrial District is established to accommodate externally benign industrial and office uses that pose little nuisance to adjacent residential or mixed-use areas
General category
MIXED_USE
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$510k
Value range
$459k – $561k
±10% around blend
Estimated value / SF
$214 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$459k
blend $510k
$561k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,384 SF
Lot area
0.01 ac
Year built
2002
Stories
1
APN
1840.03-32-2222 0302238
Zoning
LI
Assessed value
$532,749
Annual tax
$4,973
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$510k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 33 sales
$188
+14%
Submarket 33 sales
$188
+14%
County 426 sales
$210
+2%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $214/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$401k
Move the market yield to see immediate price impact.
Value / SF
$168
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$25k
$505k
$361k
$281k
$28k
$561k
$401k
$312k
$31k
$617k
$441k
$343k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$4,973
Tax year 2024
Assessed value
$532,749
Assessed 2024
Previous assessed
$532,749
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed improvement
$532,749
Improvement market value
$532,749
Total market value
$532,749
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Construction
METAL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,384 SF
Lot
0.01 ac (436 SF)
Zoning code
LI
APN
1840.03-32-2222 0302238
UPID
US53-1285067
Jurisdiction
WAKE
Zoning & alternative use
LI · Wake Forest, NCZoning LI · permitted uses
LI · Wake Forest, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The Light Industrial District is established to accommodate externally benign industrial and office uses that pose little nuisance to adjacent residential or mixed-use areas
General category
MIXED_USE
Building & site characteristics
From public records
Year built
2002
Construction
METAL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.01 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
LI
MIXED_USE
Jurisdiction
Wake Forest, NC
Recorded code
LI
Official district
LI
Official district profile
What the municipal code says about LI
Zoning description
The Light Industrial District is established to accommodate externally benign industrial and office uses that pose little nuisance to adjacent residential or mixed-use areas
General category
MIXED_USE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LI in Wake Forest, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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