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Property profile & analytics
OFF-MARKET
Estimated value
$5,330,000
Warehouses
4416 Castle Hayne Rd, Castle Hayne, NC 28429-5205
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1732902
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Total area
32,535 SF
Lot
9.51 ac (414,256 SF)
Zoning code
I-1,INDUSTRIAL DISTRICT
APN
R01700-004-022-000
UPID
US53-1732902
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
-
Q-2 Self Storage Storage Facility
-
Midgard Self Storage Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.85M
Comparable Approach
Comparable
$3.35M
Blend (final)
Blend
$5.33M
Owner & transaction history
Midgard Self Storage Castle Hayne N · 4 yrs held
Midgard Self Storage Castle Hayne N
since 2022
7 recorded transactions
Zoning & alternative use
I-1,INDUSTRIAL DISTRICT · Castle Hayne, 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 Castle Hayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Castle Hayne 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,245,000
6.5%
$4,845,000
7%
$4,495,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,355,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,695,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$5.33M
Range $4.80M – $5.86M · ±10%
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
$164 / 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
$28,463
Tax year 2024
Assessed value
$4,744,500
Assessed 2024
Previous assessed
$3,954,100
+20.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$294,600
Assessed improvement
$4,449,900
Land market value
$294,600
Improvement market value
$4,449,900
Total market value
$4,744,500
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
11
Stories
1
Units
1
Bathrooms
1
Total area
32,535 SF
Lot
9.51 ac (414,256 SF)
Zoning code
I-1,INDUSTRIAL DISTRICT
APN
R01700-004-022-000
UPID
US53-1732902
Jurisdiction
NEW HANOVER
Zoning & alternative use
I-1,INDUSTRIAL DISTRICT · Castle Hayne, NC
Zoning I-1,INDUSTRIAL DISTRICT · permitted uses
I-1,INDUSTRIAL DISTRICT · Castle Hayne, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Castle Hayne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.7M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
2019
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
11
Units
1
Bathrooms
1
Lot
9.51 ac
Current owner
From public records · entity-resolved
Midgard Self Storage Castle Hayne N
Individual
Mailing address
1146 CANTON ST, ROSWELL, GA 30075-3641
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2022
—
Midgard Self Storage Castle Hayne N
Q II Wilmington LLC
Deed
$5,961,800 · Academy Bank NA
Feb 24, 2022
$6,075,000
Midgard Self Storage Castle Hayne N
Q II Wilmington LLC
Special Warranty Deed
—
Oct 23, 2020
—
Q-ii Willson LLC
—
Deed
related
$3,532,000 · Live Oak Bkng Co
Feb 2, 2018
$2,930,000
Q-ii Wilmington LLC
Flex-space Property Mgmt INC
Warranty Deed
—
Mar 30, 2012
—
First Fedl S & L Of Charleston
Flex-space Property Mgmt INC
Warranty Deed
related
—
—
—
Flex Space Property Mgmt INC
—
Deed Of Trust
related
$400,000 · Branch Bk&tr
—
—
Q-ii Willson LLC
—
Deed Of Trust
related
$3,532,000 · Live Oak Bkng Co
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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