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Property profile & analytics
OFF-MARKET
Estimated value
$4,295,000
Commercial real estate
175 Nc Hwy 24th E Midway Park, NC 28544
Entity Owned
7-yr Hold
Free & Clear
Property ID
US53-3646907
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1985
Total area
25,912 SF
Lot
8.06 ac (351,094 SF)
Zoning code
CC
APN
31980
UPID
US53-3646907
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
$2.75M
Comparable Approach
Comparable
$4.63M
Blend (final)
Blend
$4.30M
Owner & transaction history
Piney Green LLC · 7 yrs held
Piney Green LLC
since 2019
4 recorded transactions
Zoning & alternative use
CC · Midway Park, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$6.0M
+36.3%
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 Midway Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midway Park 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%
$2,980,000
6.5%
$2,750,000
7%
$2,555,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,425,000
Current use
INDUSTRIAL (GENERAL)
$6,035,000
Change: +36% · Conversion: Moderate
Blend value · Realmo final
$4.30M
Range $3.87M – $4.72M · ±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
$166 / 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
$61,945
Tax year 2023
Assessed value
$4,935,850
Assessed 2023
Previous assessed
$4,935,850
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,289,600
Assessed improvement
$3,646,250
Land market value
$1,289,600
Improvement market value
$3,646,250
Total market value
$4,935,850
Applied tax rate
1,220.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1985
Heating
HOT WATER
Cooling
YES
Stories
1
Total area
25,912 SF
Lot
8.06 ac (351,094 SF)
Zoning code
CC
APN
31980
UPID
US53-3646907
Jurisdiction
ONSLOW
Zoning & alternative use
CC · Midway Park, NC
Zoning CC · permitted uses
CC · Midway Park, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Midway Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.4M
INDUSTRIAL (GENERAL)
Est. value
$6.0M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
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
1985
Heating
HOT WATER
Cooling
Yes
Stories
1
Lot
8.06 ac
Current owner
From public records · entity-resolved
Piney Green LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2727 LYNDON B JOHNSON FWY, DALLAS, TX 75234-7334
Ownership since
2019
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
May 1, 2019
—
Piney Green LLC
Piney Green LLC
Quit Claim Deed
related
—
Dec 31, 2007
—
Shoestring Rentals LLC
Owner Name Unavailable
Grant Deed
related
—
May 15, 2007
—
Freedom Way Clinic LLC
Owner Name Unavailable
Grant Deed
related
—
Feb 21, 2007
—
Bailey & Fuller Properties LLC
Owner Name Unavailable
Grant Deed
—
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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