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Property profile & analytics
OFF-MARKET
Estimated value
$3,970,000
Warehouses
2174 Nc Hwy 56, Creedmoor, NC 27522-8697
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-3131628
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1965
Total area
157,644 SF
Lot
7.44 ac (324,086 SF)
Zoning code
I1
APN
89604825826
UPID
US53-3131628
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.97M
Owner & transaction history
Trm Warehouse Group LLC · 12 yrs held
Trm Warehouse Group LLC
since 2013
4 recorded transactions
Zoning & alternative use
I1 · Creedmoor, 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 Creedmoor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Creedmoor 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,520,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,830,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$3.97M
Range $3.57M – $4.37M · ±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
$25 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$37,078
Tax year 2020
Assessed value
$5,368,446
Assessed 2024
Previous assessed
$2,080,513
+158.0% YoY
Effective rate
0.69%
On assessed value
Assessed land
$662,094
Assessed improvement
$4,706,352
Land market value
$662,094
Improvement market value
$4,706,352
Total market value
$5,368,446
Applied tax rate
3.0000
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
1965
Heating
SPACE
Cooling
WINDOW A/C
Stories
1
Total area
157,644 SF
Lot
7.44 ac (324,086 SF)
Zoning code
I1
APN
89604825826
UPID
US53-3131628
Jurisdiction
GRANVILLE
Zoning & alternative use
I1 · Creedmoor, NC
Zoning I1 · permitted uses
I1 · Creedmoor, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Creedmoor. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.8M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
1965
Heating
SPACE
Cooling
Yes
Stories
1
Lot
7.44 ac
Current owner
From public records · entity-resolved
Trm Warehouse Group LLC
Entity
Mailing address
621 WOODS WAY, WAKE FOREST, NC 27587-6044
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Jul 17, 2019
—
Trm Warehouse Group LLC
—
Deed
related
$4,000,000 · Sound Bank
Nov 26, 2013
$2,840,000
Trm Warehouse Group LLC
Baymor Associates LLC
Warranty Deed
$2,414,000 · Vantagesouth Bank
Apr 4, 2008
—
Baymor Assn LLC
Bowman Taylor LLC
Warranty Deed
—
Feb 28, 2007
$705,000
Bowman Taylor LLC
Lindakay Rendina
Warranty Deed
$1,000,000 · Interbay Funding 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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