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Property profile & analytics
OFF-MARKET
Estimated value
$20,935,000
Warehouses
2393 Park Rd Ext, Elon, NC 27244-8529
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-4080674
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2021
Total area
180,000 SF
Lot
78.86 ac (3,434,924 SF)
APN
172714
UPID
US53-4080674
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
$21.86M
Comparable Approach
Comparable
$24.24M
Blend (final)
Blend
$20.94M
Owner & transaction history
Chick Fil A Supply LLC · 5 yrs held
Chick Fil A Supply LLC
since 2021
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$21.1M
+63.9%
Office building
$20.8M
+61.1%
Auto repair, garage
$19.4M
+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 Elon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elon 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%
$23,685,000
6.5%
$21,860,000
7%
$20,300,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,885,000
Current use
COMMERCIAL (GENERAL)
$21,120,000
Change: +64% · Conversion: Difficult
OFFICE BUILDING
$20,750,000
Change: +61% · Conversion: Difficult
AUTO REPAIR, GARAGE
$19,435,000
Change: +51% · Conversion: Easy
RETAIL STORES
$17,890,000
Change: +39% · Conversion: Moderate
Blend value · Realmo final
$20.94M
Range $18.84M – $23.03M · ±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
$116 / 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
$188,231
Tax year 2023
Assessed value
$23,470,186
Assessed 2023
Previous assessed
$23,470,186
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$5,660,212
Assessed improvement
$17,809,974
Land market value
$5,660,212
Improvement market value
$17,809,974
Total market value
$23,470,186
Applied tax rate
14.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
180,000 SF
Lot
78.86 ac (3,434,924 SF)
APN
172714
UPID
US53-4080674
Jurisdiction
ALAMANCE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$12.9M
COMMERCIAL (GENERAL)
Est. value
$21.1M
OFFICE BUILDING
Est. value
$20.8M
AUTO REPAIR, GARAGE
Est. value
$19.4M
RETAIL STORES
Est. value
$17.9M
WAREHOUSE, STORAGE Current
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
2021
Heating
NONE
Cooling
Yes
Stories
1
Lot
78.86 ac
Current owner
From public records · entity-resolved
Chick Fil A Supply LLC
Entity
Free & Clear · 5 yrs held
Mailing address
5200 BUFFINGTON RD, ATLANTA, GA 30349-2945
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2021
$3,903,500
Chick Fil A Supply LLC
Sst Properties LLC
Special Warranty Deed
—
Mar 1, 2021
—
Chick Fil A Supply LLC
Sst Properties LLC
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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