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Property profile & analytics
OFF-MARKET
Estimated value
$2,940,000
Warehouses
2624 Leighton Rdg Dr Wake Forest, NC 27587-5998
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-0567027
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Construction
BRICK
Total area
15,015 SF
Lot
0.93 ac (40,511 SF)
Zoning code
LI
APN
1739.04-50-7456 0367032
UPID
US53-0567027
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
-
VantagePQ Solutions LLC Industrial Manufacturer Production Facility
-
Tar River Networks Computer & Electronic Repair
-
Dynamic Computers, Inc. IT Consulting Firm (Bike/Boat/Book/etc) Store
-
New Song Mission Nicaragua Association Or Organization
-
Quick’s HVAC HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.83M
Blend (final)
Blend
$2.94M
Owner & transaction history
Nora Properties LLC · 1 yrs held
Nora Properties LLC
since 2025
7 recorded transactions
Zoning & alternative use
LI · Wake Forest, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.9M
+72.5%
Retail stores
$3.6M
+26.9%
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 Wake Forest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wake Forest 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
WAREHOUSE, STORAGE
$2,830,000
Current use
MEDICAL BUILDING
$4,880,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$3,585,000
Change: +27% · Conversion: Moderate
Blend value · Realmo final
$2.94M
Range $2.65M – $3.23M · ±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
$196 / 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
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
2008
Construction
BRICK
Heating
NONE
Cooling
NONE
Stories
1
Total area
15,015 SF
Lot
0.93 ac (40,511 SF)
Zoning code
LI
APN
1739.04-50-7456 0367032
UPID
US53-0567027
Jurisdiction
WAKE
Zoning & alternative use
LI · Wake Forest, NC
Zoning LI · permitted uses
LI · Wake Forest, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wake Forest. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$4.9M
RETAIL STORES
Est. value
$3.6M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
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
2008
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Nora Properties LLC
Entity
Mailing address
PO BOX 250, MIDDLESEX, NC 27557-0250
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2025
$325,000
Nora Properties LLC
L2 Partners LLC
Deed
$200,000 · L2 Partners LLC
Sep 14, 2020
—
L2 Partners LLC
—
Deed
related
$150,000 · First Horizon Bank
Nov 19, 2019
$217,500
South End LLC
Flexx LLC
Grant Deed
—
Nov 13, 2019
$217,500
L2 Partners LLC
Flexx LLC
Grant Deed
—
Oct 29, 2019
—
Flexx LLC
Northpoint Busn Condos Trust
Quitclaim Deed
related
—
Oct 29, 2019
$169,000
Vantagecpi LLC
Flexx LLC
Warranty Deed
$135,000 · Fidelity Bk
Oct 10, 2019
$217,500
Nora Properties LLC
Keith R Locker
Warranty Deed
$174,000 · Fidelity Bk
Oct 10, 2019
$175,000
Keith R Locker
Flexx LLC
Warranty Deed
$85,000 · Fidelity Bk
Sep 13, 2019
—
Flexx LLC
Northpoint Busn Condos Trust
Quitclaim Deed
related
—
Sep 12, 2019
—
Northpoint Busn Condos R & E Trust
Ets Property LLC
Quitclaim Deed
related
—
Mar 15, 2019
—
Ets Property LLC
Flexx LLC
Grant Deed
related
—
Mar 15, 2019
$32,000
Flexx LLC
Ets Property LLC
Grant Deed
—
Oct 30, 2018
—
Keith R Locker
Flexx LLC
Grant Deed
related
—
Oct 25, 2018
—
L2 Parteners LLC
Flexx LLC
Grant Deed
related
—
Oct 15, 2018
$210,000
Meen LLC
Flexx LLC
Warranty Deed
$204,000 · Suntrust Bk
Sep 8, 2017
$210,000
L2 Partners LLC
Flexx LLC
Warranty Deed
—
Jul 9, 2008
$216,500
Flexx LLC
Fmd INC
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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