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Property profile & analytics
OFF-MARKET
Estimated value
$1,860,000
Retail space
2521 Lyon Sta Rd, Creedmoor, NC 27522-9112
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-3166990
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2021
Total area
18,500 SF
Lot
10.98 ac (478,289 SF)
Zoning code
HB
APN
88703019291
UPID
US53-3166990
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
by Request
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$1.86M
Owner & transaction history
Mdc Nc1 LP · 1 yrs held
Mdc Nc1 LP
since 2025
7 recorded transactions
Zoning & alternative use
HB · Creedmoor, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.6M
+39.7%
Commercial (general)
$1.2M
+6.5%
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 Creedmoor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Creedmoor 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,135,000
Current use
OFFICE BUILDING
$1,585,000
Change: +40% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,210,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$1.86M
Range $1.67M – $2.05M · ±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
$101 / 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
$35,919
Tax year 2024
Assessed value
$3,432,495
Assessed 2024
Previous assessed
$2,165,857
+58.5% YoY
Effective rate
1.05%
On assessed value
Assessed land
$1,200,224
Assessed improvement
$2,232,271
Land market value
$1,200,224
Improvement market value
$2,232,271
Total market value
$3,432,495
Applied tax rate
15.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2021
Heating
YES
Cooling
YES
Stories
1
Total area
18,500 SF
Lot
10.98 ac (478,289 SF)
Zoning code
HB
APN
88703019291
UPID
US53-3166990
Jurisdiction
GRANVILLE
Zoning & alternative use
HB · Creedmoor, NC
Zoning HB · permitted uses
HB · Creedmoor, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Creedmoor. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
YES
Cooling
Yes
Stories
1
Lot
10.98 ac
Current owner
From public records · entity-resolved
Mdc Nc1 LP
Entity
Free & Clear · 1 yrs held
Mailing address
1100 E MOREHEAD ST, CHARLOTTE, NC 28204-2815
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2025
$4,677,500
Mdc Nc1 LP
Primax Properties LLC
Deed
related
—
Mar 26, 2025
—
Mdc Nc1 LP
Primax Properties LLC
Deed
—
Nov 15, 2022
—
Magnolia Equity LLC
—
Deed
related
$850,000 · Truist Bank
Jun 27, 2022
$150,000
Magnolia Equity LLC
Primax Properties LLC
Special Warranty Deed
—
Jun 3, 2021
—
Primax Properties LLC
Primax Properties LLC
Intrafamily Transfer
related
—
Mar 26, 2021
$400,000
Primax Properties LLC
Karen W Brown
Special Warranty Deed
—
Oct 9, 2019
—
Jason Andrew Segnere
Elliott Cohen
Deed
—
Apr 5, 2019
—
Jason A Segnere
—
Deed
related
$690,000 · Branch Banking And Trust Co
Sep 18, 2018
$130,000
Jason Andrew Segnere
Sbj Growth LP
Special Warranty Deed
—
May 8, 2007
—
Rufus T Testamentery Trust
Maxine R Aiken
Warranty 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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