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Property profile & analytics
OFF-MARKET
Warehouses
2400 Sumner Blvd, Raleigh, NC 27616-6675
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-0155101
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Total area
33,220 SF
Lot
4.56 ac (198,634 SF)
Zoning code
IX-3
APN
1727.13-13-7966 0280850
UPID
US53-0155101
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
Current use
Occupant on record · Public records
-
Athletic Performance Center Gym & Fitness Center
-
SpeedPro Raleigh (Bike/Boat/Book/etc) Store Printing Service
-
Yellow Dot Heating & Air Conditioning HVAC Service General Contractor
-
Down East Gear (Bike/Boat/Book/etc) Store
-
Exchange Bodyworks Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tl Sumner Business Park Prop Owener · 1 yrs held
Tl Sumner Business Park Prop Owener
since 2025
Last sale
$132.7M
7 recorded transactions
Zoning & alternative use
IX-3 · Raleigh, 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 Raleigh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raleigh 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$35,875
Tax year 2023
Assessed value
$3,291,288
Assessed 2023
Previous assessed
$3,291,288
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,287,148
Assessed improvement
$2,004,140
Land market value
$1,287,148
Improvement market value
$2,004,140
Total market value
$3,291,288
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
2001
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
33,220 SF
Lot
4.56 ac (198,634 SF)
Zoning code
IX-3
APN
1727.13-13-7966 0280850
UPID
US53-0155101
Jurisdiction
WAKE
Zoning & alternative use
IX-3 · Raleigh, NC
Zoning IX-3 · permitted uses
IX-3 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Raleigh. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
4.56 ac
Current owner
From public records · entity-resolved
Tl Sumner Business Park Prop Owener
Individual
Mailing address
3843 W CHESTER PIKE, NEWTOWN SQUARE, PA 19073-2304
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2025
$132,689,000
Tl Sumner Business Park Prop Owener
Rdu Sumner Business Park Prop Owner
Special Warranty Deed
—
Apr 20, 2021
—
Rdu Sumner Busn Pk Prop Owner
—
Deed
related
$299,253,500 · Goldman Sachs Bk USA
Apr 12, 2021
—
Rdu Sumner Busn Pk Prop Owner
Sumner Busn Pk Prop Owner LLC
Quit Claim Deed
related
—
Jul 18, 2018
$3,981,000
Sumner Busn Pk Prop Owner LLC
Raleigh Portfolio Nw-sbp LLC
Grant Deed
$398,000,000 · Capital One Nat'l Assn
Jul 7, 2016
—
Raleigh Portfolio Nw-sbp LLC
Raleigh Portfolio Nw LLC
Quit Claim Deed
related
$29,015,000 · Fifth Third Bk
Jan 18, 2006
$2,668,000
Raleigh Portfolio Nw LLC
Parker-raleigh Dev Xxx LLC
Grant Deed
related
—
—
—
Rdu Sumner Busn Pk Prop Owner
—
Deed Of Trust
related
$299,253,500 · Goldman Sachs Bk USA
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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