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Property profile & analytics
OFF-MARKET
Warehouses
302 Us Hwy 301st S, Micro, NC 27555
Entity Owned
13-yr Hold
Free & Clear
Property ID
US53-1177629
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1967
Total area
2,880 SF
Lot
2.62 ac (114,127 SF)
Zoning code
COM
APN
10009006
UPID
US53-1177629
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
Highway 39 6217 LP · 13 yrs held
Highway 39 6217 LP
since 2012
4 recorded transactions
Zoning & alternative use
COM · Micro, 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 Micro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Micro 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
$3,271
Tax year 2024
Assessed value
$253,600
Assessed 2024
Previous assessed
$253,600
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$94,610
Assessed improvement
$158,990
Land market value
$94,610
Improvement market value
$158,990
Total market value
$253,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1967
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
2
Total area
2,880 SF
Lot
2.62 ac (114,127 SF)
Zoning code
COM
APN
10009006
UPID
US53-1177629
Jurisdiction
JOHNSTON
Zoning & alternative use
COM · Micro, NC
Zoning COM · permitted uses
COM · Micro, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Micro. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1967
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
2.62 ac
Current owner
From public records · entity-resolved
Highway 39 6217 LP
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 3068, WILSON, NC 27895-3068
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2012
$95,000
Highway 39 6217 LP
Owner Name Unavailable
Trustees Deed
related
—
Apr 3, 2009
—
Micro Oil Co INC
—
Trustees Deed
related
$70,655 · A G Lee Oil Co INC
—
—
Micro Oil Co INC
—
Deed Of Trust
related
$95,000 · Ks Bank
—
—
Micro Oil Co INC
—
Deed Of Trust
related
$500,000 · Ks Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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