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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Flex space
424 T Kemp Rd Louisburg, NC 27549-6733
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1211045
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2007
Total area
34,480 SF
Lot
5 ac (217,800 SF)
Zoning code
L I
APN
39053
UPID
US53-1211045
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
$975k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$975k
Owner & transaction history
Franklin County · 2 yrs held
Franklin County
since 2024
Last sale
$975,000
5 recorded transactions
Zoning & alternative use
L I · Louisburg, 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 Louisburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Louisburg 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
$975,000
ML approach
$975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,215,000
Current use
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±10% · vs last sale $975k (Mar 28 2024)
Last sale anchor
$975k
Mar 28 2024
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
$28 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$28,329
Tax year 2024
Assessed value
$2,807,830
Assessed 2024
Previous assessed
$2,445,710
+14.8% YoY
Effective rate
1.01%
On assessed value
Assessed land
$543,750
Assessed improvement
$2,264,080
Land market value
$543,750
Improvement market value
$2,264,080
Total market value
$2,807,830
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2007
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
3
Total area
34,480 SF
Lot
5 ac (217,800 SF)
Zoning code
L I
APN
39053
UPID
US53-1211045
Jurisdiction
FRANKLIN
Zoning & alternative use
L I · Louisburg, NC
Zoning L I · permitted uses
L I · Louisburg, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Louisburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
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
2007
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
3
Lot
5 ac
Current owner
From public records · entity-resolved
Franklin County
Entity
Mailing address
113 MARKET ST, LOUISBURG, NC 27549-2523
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Mar 28, 2024
$975,000
Franklin County
424 T Kemp Road LLC
Special Warranty Deed
—
Sep 17, 2010
$2,727,000
424 T Kemp Road L L C
Advanced Metal Processing LLC
Deed
$858,000 · Nbl INC
Mar 3, 2010
—
Advanced Metal Processing LLC
—
Deed Of Trust
related
$5,034,382 · Wachovia Bank NA
Sep 19, 2006
—
Advanced Metal Processing LLC
Town Of Louisburg
Grant Deed
$3,475,000 · Wachovia Bank NA
—
—
424 T Kemp Road LLC
—
Deed Of Trust
related
$1,056,000 · Celtic Bank Corp
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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