OFF-MARKET
Warehouses
Entity Owned
Absentee Owner
~
Est. High Equity
Entity Owned Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Construction
METAL FRAME
Total area
16,000 SF
Lot
2.27 ac (98,881 SF)
Zoning code
IX-3
APN
1716.08-99-9541 0214117
UPID
US53-1539867
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Production Facility Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$905k
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$905k
Owner & transaction history
since 2025
2 recorded transactions
Zoning & alternative use
IX-3 · Raleigh, NC
Zoning description
The IX-3 is intended to provide for a variety of light industrial and manufacturinguses while allowing for retail, service and commercial activity andlimited housing opportunities
General category
MIXED_USE
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$905k
Value range
$815k – $996k
±10% around blend
Estimated value / SF
$57 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
50
$815k
blend $905k
$996k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
16,000 SF
Lot area
2.27 ac
Year built
1996
Stories
1
APN
1716.08-99-9541 0214117
Assessed value
$2,070,171
Annual tax
$17,979
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.92M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.07M
@ 6.5% CAP return
$1.92M
@ 7% CAP return
$1.78M
4
Sales comparison
Partial preview
Sales approach indication
$6.24M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.7 mi away · 13,500 SF
8.0 mi away · 19,500 SF
8.7 mi away · 16,200 SF
9.3 mi away · 18,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$905k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 38 sales
$260
-78%
Submarket 207 sales
$226
-75%
County 426 sales
$210
-73%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $57/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.07M
Move the market yield to see immediate price impact.
Value / SF
$129
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$130k
$2.61M
$1.86M
$1.45M
$145k
$2.90M
$2.07M
$1.61M
$159k
$3.19M
$2.28M
$1.77M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$2.70M
5.6 mi · Dec 2025 · $224/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$17,979
Tax year 2024
Assessed value
$2,070,171
Assessed 2024
Previous assessed
$2,070,171
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$474,629
Assessed improvement
$1,595,542
Land market value
$474,629
Improvement market value
$1,595,542
Total market value
$2,070,171
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Construction
METAL FRAME
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
16,000 SF
Lot
2.27 ac (98,881 SF)
Zoning code
IX-3
APN
1716.08-99-9541 0214117
UPID
US53-1539867
Jurisdiction
WAKE
Zoning & alternative use
IX-3 · Raleigh, NCZoning IX-3 · permitted uses
IX-3 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The IX-3 is intended to provide for a variety of light industrial and manufacturinguses while allowing for retail, service and commercial activity andlimited housing opportunities
General category
MIXED_USE
Building & site characteristics
From public records
Year built
1996
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Lot
2.27 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
IX-3
MIXED_USE
Jurisdiction
Raleigh, NC
Recorded code
IX-3
Official district
IX-3
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IX-3 in Raleigh, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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