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Property profile & analytics
OFF-MARKET
Estimated value
$6,475,000
Warehouses
2828 Industrial Dr, Raleigh, NC 27609-7816
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-1486755
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1964
Construction
BRICK
Total area
41,616 SF
Lot
4.18 ac (182,081 SF)
Zoning code
IX-3
APN
1715.18-22-8363 0022225
UPID
US53-1486755
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
-
Paul Davis Restoration of Raleigh Durham Hardware & Home Improvement Construction Company
-
Bell's Carpets & Floors Carpet & Flooring Store Hardware & Home Improvement
-
Miracle Movers Raleigh Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.98M
Comparable Approach
Comparable
$6.10M
Blend (final)
Blend
$6.48M
Owner & transaction history
Bin Id2828 LLC
Bin Id2828 LLC
since 2025
Last sale
$7.4M
2 recorded transactions
Zoning & alternative use
IX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.3M
+9.9%
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 Raleigh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raleigh 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%
$5,390,000
6.5%
$4,975,000
7%
$4,620,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,385,000
Current use
MEDICAL BUILDING
$10,315,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$6.48M
Range $5.83M – $7.12M · ±10% · vs last sale $7.42M (Jul 22 2025)
Last sale anchor
$7.42M
Jul 22 2025
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
$156 / 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
$24,199
Tax year 2023
Assessed value
$2,220,061
Assessed 2023
Previous assessed
$2,220,061
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$793,570
Assessed improvement
$1,426,491
Land market value
$793,570
Improvement market value
$1,426,491
Total market value
$2,220,061
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
1964
Construction
BRICK
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
41,616 SF
Lot
4.18 ac (182,081 SF)
Zoning code
IX-3
APN
1715.18-22-8363 0022225
UPID
US53-1486755
Jurisdiction
WAKE
Zoning & alternative use
IX-3 · Raleigh, NC
Zoning IX-3 · permitted uses
IX-3 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Raleigh. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$9.4M
MEDICAL BUILDING
Est. value
$10.3M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
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
1964
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Lot
4.18 ac
Current owner
From public records · entity-resolved
Bin Id2828 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2108 CLARK AVE, RALEIGH, NC 27605-1606
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2025
—
Bin Id2828 LLC
York Family Properties LP
Warranty Deed
—
Oct 22, 2025
$7,415,000
Bin Id2828 LLC
York Family Properties LP
Special 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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