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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Warehouses
2477 Bud Lipscomb Rd Willow Spring, NC 27592-9440
Individually Owned
9-yr Hold
Free & Clear
Property ID
US53-4081849
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Construction
METAL FRAME
Total area
6,000 SF
Lot
5.41 ac (235,660 SF)
Zoning code
CU-HC
APN
0695.01-08-3751 0424323
UPID
US53-4081849
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
-
Willow Spring Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$900k
Comparable Approach
Comparable
$997k
Blend (final)
Blend
$1.05M
Owner & transaction history
Tandy D Ogburn · 9 yrs held
Tandy D Ogburn
since 2016
4 recorded transactions
Zoning & alternative use
CU-HC · Willow Spring, 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 Willow Spring submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Willow Spring 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%
$975,000
6.5%
$900,000
7%
$835,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,260,000
Current use
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±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
$174 / 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
$18,296
Tax year 2023
Assessed value
$2,346,550
Assessed 2023
Previous assessed
$2,346,550
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$1,585,130
Assessed improvement
$761,420
Land market value
$1,585,130
Improvement market value
$761,420
Total market value
$2,346,550
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
38
Total area
6,000 SF
Lot
5.41 ac (235,660 SF)
Zoning code
CU-HC
APN
0695.01-08-3751 0424323
UPID
US53-4081849
Jurisdiction
WAKE
Zoning & alternative use
CU-HC · Willow Spring, NCZoning CU-HC · permitted uses
CU-HC · Willow Spring, NC
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
$1.3M
WAREHOUSE, STORAGE Current
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
2018
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
38
Lot
5.41 ac
Current owner
From public records · entity-resolved
Tandy D Ogburn
Individual
Free & Clear · 9 yrs held
Mailing address
8730 MT PLEASANT CHURCH RD, WILLOW SPRING, NC 27592-9761
Ownership since
2016
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
Feb 25, 2021
—
Ogburn Mini Storage LLC
—
Deed
related
$1,000,000 · The Fidelity Bank
Nov 17, 2016
—
Ogburn Mini Storage LLC
—
Deed
related
$506,250 · First Bk
Nov 8, 2016
—
Tandy D Ogburn
Ogburn,edna L
Quit Claim Deed
related
—
—
—
Ogburn Mini Storage LLC
—
Deed Of Trust
related
$506,250 · First Bk
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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