Property profile

2393 Park Rd Ext Elon, NC 27244

OFF-MARKET
Warehouses
Property ID
US53-4080674
180,000 SF 78.86 ac lot Built 2021
Entity Owned 5-yr Hold Free & Clear
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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

Location

2393 Park Rd Ext Elon, NC 27244-8529
Elon metro Census 20501 BURLINGTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2021
2 recorded transactions
2021
$3.9M
2021
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $21.1M +63.9%
Office building $20.8M +61.1%
Auto repair, garage $19.4M +50.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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