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Property profile & analytics
OFF-MARKET
Estimated value
$3,475,000
Warehouses
3309 Faith Church Rd Indian Trail, NC 28079-9300
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-2181870
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2008
Total area
11,256 SF
Lot
2.13 ac (92,609 SF)
Zoning code
GB LAKE PARK
APN
07-066-006C
UPID
US53-2181870
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
$3.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.48M
Owner & transaction history
Towerview Office LLC · 5 yrs held
Towerview Office LLC
since 2021
Last sale
$3.7M
5 recorded transactions
Zoning & alternative use
GB LAKE PARK · Indian Trail, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.1M
+171.8%
Retail stores
$3.1M
+106.0%
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 Indian Trail submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indian Trail 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
$3,325,000
ML approach
$3,175,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,115,000
Change: +172% · Conversion: Difficult
RETAIL STORES
$3,115,000
Change: +106% · Conversion: Moderate
Blend value · Realmo final
$3.48M
Range $3.13M – $3.82M · ±10% · vs last sale $3.70M (May 24 2021)
Last sale anchor
$3.70M
May 24 2021
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
$309 / 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
$15,405
Tax year 2023
Assessed value
$1,845,800
Assessed 2023
Previous assessed
$1,845,800
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$498,800
Assessed improvement
$1,347,000
Land market value
$498,800
Improvement market value
$1,347,000
Total market value
$1,845,800
Applied tax rate
963.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2008
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
11,256 SF
Lot
2.13 ac (92,609 SF)
Zoning code
GB LAKE PARK
APN
07-066-006C
UPID
US53-2181870
Jurisdiction
UNION
Zoning & alternative use
GB LAKE PARK · Indian Trail, NC
Zoning GB LAKE PARK · permitted uses
GB LAKE PARK · Indian Trail, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Indian Trail. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.1M
RETAIL STORES
Est. value
$3.1M
RESTAURANT
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
Heating
YES
Cooling
Yes
Stories
1
Lot
2.13 ac
Current owner
From public records · entity-resolved
Towerview Office LLC
Entity
Free & Clear · 5 yrs held
Mailing address
705 PIERMONT DR, CARY, NC 27519-8835
Ownership since
2021
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
May 24, 2021
—
Towerview Office LLC
Leh Nc Matthewes LLC
Quit Claim Deed
related
—
May 24, 2021
$3,700,000
Towerview Office LLC
Greybridge Lake Park LLC
Special Warranty Deed
$2,775,000 · Farmers & Merchants Bank
Jan 20, 2021
—
Greybridge Lake Park LLC
Gbleh Lake Park LLC
Correction Deed
related
—
Dec 31, 2020
—
Greybridge Lake Park LLC
Gbleh Lake Park LLC
Quit Claim Deed
related
—
Dec 22, 2001
—
Lake Park Academy INC
Mathisen,norman
Grant 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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