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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Office buildings
2508 Devils Racetrack Rd, Four Oaks, NC 27524-9399
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2414963
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
600 SF
Lot
104.95 ac (4,571,622 SF)
Zoning code
RAG
APN
08K13005
UPID
US53-2414963
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
-
Neuse River Nursery, Inc. Garden Center Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$820k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$820k
Owner & transaction history
Muddy Bottoms LLC · 1 yrs held
Muddy Bottoms LLC
since 2024
Last sale
$821,000
7 recorded transactions
Zoning & alternative use
RAG · Four Oaks, 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 Four Oaks submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Four Oaks 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
$820,000
ML approach
$820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$820k
Range $738k – $902k · ±10% · vs last sale $821k (Dec 20 2024)
Last sale anchor
$821k
Dec 20 2024
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
$1,367 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$944
Tax year 2024
Assessed value
$222,390
Assessed 2024
Previous assessed
$222,390
+0.0% YoY
Effective rate
0.42%
On assessed value
Assessed land
$169,600
Assessed improvement
$52,790
Land market value
$169,600
Improvement market value
$52,790
Total market value
$222,390
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1999
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
3
Total area
600 SF
Lot
104.95 ac (4,571,622 SF)
Zoning code
RAG
APN
08K13005
UPID
US53-2414963
Jurisdiction
JOHNSTON
Zoning & alternative use
RAG · Four Oaks, NC
Zoning RAG · permitted uses
RAG · Four Oaks, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Four Oaks. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
104.95 ac
Current owner
From public records · entity-resolved
Muddy Bottoms LLC
Entity
Mailing address
625 STEWART RD, FOUR OAKS, NC 27524-8781
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2024
$821,000
Muddy Bottoms LLC
Virginia L Stewart
Special Warranty Deed
$721,000 · Virginia L Stewart Unmarried Dennis
Jul 31, 2017
—
Virginia L Stewart
Stewart,virginia L
Quit Claim Deed
related
—
Oct 13, 2016
—
Wade M Stewart
—
Deed
related
$50,000 · Four Oaks Bk&tr
Jun 8, 2016
$43,000
Ralph L Stewart JR
Stewart,elmer W & Julia W
Warranty Deed
related
—
Jan 8, 2014
$4,500
Ralph L Stewart JR.
Stewart,elmer W & Julia W
Grant Deed
related
—
Apr 21, 2011
—
Keener Lumber Co INC
—
Deed Of Trust
related
$3,030,000 · Southern Bank & Trust
Aug 14, 2007
—
Wade M Stewart
Neuse Plant & Bark INC
Warranty Deed
—
—
—
Ralph Stewart JR.
—
Deed Of Trust
related
$94,855 · Four Oaks Bank & Trust Co
—
—
Wade M Stewart
—
Deed Of Trust
related
$50,000 · Four Oaks Bk&tr
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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