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Property profile & analytics
OFF-MARKET
Estimated value
$3,660,000
Warehouses
3337 Air Park Rd, Fuquay Varina, NC 27526-7278
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-1536812
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Construction
METAL FRAME
Total area
12,000 SF
Lot
3.8 ac (165,528 SF)
Zoning code
I-1
APN
0688.04-70-4906 0091172
UPID
US53-1536812
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
-
EonCoat Manufacturing & Research Facility Industrial Manufacturer Production Facility
-
AllSportSystems®, INC. (Bike/Boat/Book/etc) Store Corporate Office
-
S C S Equipment Sales Inc (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Wiring Solutions & Intrcnnct Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.70M
Blend (final)
Blend
$3.66M
Owner & transaction history
Rangoon Fish Company LLC · 2 yrs held
Rangoon Fish Company LLC
since 2023
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
I-1 · Fuquay Varina, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.1M
+64.7%
Commercial (general)
$4.0M
+58.6%
Medical building
$3.9M
+54.9%
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 Fuquay Varina submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fuquay Varina 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
$4,065,000
ML approach
$4,135,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,515,000
Current use
AUTO REPAIR, GARAGE
$4,145,000
Change: +65% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,990,000
Change: +59% · Conversion: Difficult
MEDICAL BUILDING
$3,900,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$3,350,000
Change: +33% · Conversion: Moderate
Blend value · Realmo final
$3.66M
Range $3.29M – $4.03M · ±10% · vs last sale $3.20M (Aug 17 2023)
Last sale anchor
$3.20M
Aug 17 2023
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
$305 / 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
$15,215
Tax year 2023
Assessed value
$1,951,349
Assessed 2023
Previous assessed
$1,951,349
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$994,062
Assessed improvement
$957,287
Land market value
$994,062
Improvement market value
$957,287
Total market value
$1,951,349
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
1991
Construction
METAL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
12,000 SF
Lot
3.8 ac (165,528 SF)
Zoning code
I-1
APN
0688.04-70-4906 0091172
UPID
US53-1536812
Jurisdiction
WAKE
Zoning & alternative use
I-1 · Fuquay Varina, NC
Zoning I-1 · permitted uses
I-1 · Fuquay Varina, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fuquay Varina. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$3.9M
RETAIL STORES
Est. value
$3.4M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1991
Construction
METAL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
3.8 ac
Current owner
From public records · entity-resolved
Rangoon Fish Company LLC
Entity
Mailing address
23801 CALABASAS RD STE #2024, CALABASAS, CA 91302-1568
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2024
—
Rangoon Fish Company LLC
—
Deed
related
$1,500,000 · First Capital Bank
Aug 17, 2023
$3,200,000
Rangoon Fish Company LLC
Fsi Airpark LLC
Special Warranty Deed
—
Aug 20, 2020
$2,400,000
Fsi Airpark LLC
Pgp Airpark LLC
Grant Deed
$1,650,000 · Towne Bk
Aug 20, 2020
—
Fsi Airpark LLC
Pgp Airpark LLC
Grant Deed
related
—
Nov 9, 2018
$2,175,000
Pgp Airpark LLC
Dsh Capital LLC
Warranty Deed
$1,612,000 · Paragon Bk
Sep 26, 2016
$1,361,000
Dsh Capital LLC
Mbmb LLC
Warranty Deed
related
$1,460,100 · Truliant FCU
Oct 20, 2010
—
Mbmb LLC
Ritchie,mary M
Warranty Deed
related
—
Jun 18, 2002
$900,000
Mary M Ritchie
Ritchie,mary M
Grant Deed
related
—
—
—
Mbmb LLC
—
Deed Of Trust
related
$740,000 · Fidelity Bank NA
—
—
Mary M Ritchie
—
Deed Of Trust
related
$261,000 · Suntrust Bank NA
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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