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Property profile & analytics
OFF-MARKET
Warehouses
2829 Frst Park Dr, Randleman, NC 27317
Individually Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0919226
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1966
Construction
WOOD
Total area
2,860 SF
Lot
0.34 ac (14,810 SF)
Zoning code
RM
APN
7763290204
UPID
US53-0919226
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lewis Cheek · 9 yrs held
Lewis Cheek
since 2017
5 recorded transactions
Zoning & alternative use
RM · Randleman, 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 Randleman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Randleman 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$186
Tax year 2024
Assessed value
$28,660
Assessed 2024
Previous assessed
$28,660
+0.0% YoY
Effective rate
0.65%
On assessed value
Assessed land
$18,140
Assessed improvement
$10,520
Land market value
$18,140
Improvement market value
$10,520
Total market value
$28,660
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
1966
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
2,860 SF
Lot
0.34 ac (14,810 SF)
Zoning code
RM
APN
7763290204
UPID
US53-0919226
Jurisdiction
RANDOLPH
Zoning & alternative use
RM · Randleman, NC
Zoning RM · permitted uses
RM · Randleman, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Randleman. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Lewis Cheek
Individual
Free & Clear · 9 yrs held
Mailing address
3100 FRST PARK DR, RANDLEMAN, NC 27317-7472
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2017
$80,000
Lewis Cheek
Summitt,debbie L
Warranty Deed
—
Feb 23, 2017
—
Debbie L Summitt
Ernest,royce & Janetta J
Warranty Deed
—
Nov 30, 2015
—
Janetta J Ernest
Summitt,debbie L
Warranty Deed
related
—
Nov 30, 2015
$1,000
Debbie L Summitt
Summitt,debbie L
Warranty Deed
related
—
Jan 1, 1962
—
Summitt,joe D & Debbie L
—
Warranty Deed
related
—
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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