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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Warehouses
490 Old Wilson Rd MC, Wendell, NC 27591-9355
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1728573
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Construction
METAL FRAME
Total area
8,000 SF
Lot
4.7 ac (204,732 SF)
Zoning code
MI
APN
1794.17-00-3386 0046296
UPID
US53-1728573
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
$955k
Comparable Approach
Comparable
$596k
Blend (final)
Blend
$920k
Owner & transaction history
Sal Real Estate LLC · 5 yrs held
Sal Real Estate LLC
since 2020
Last sale
$833,000
5 recorded transactions
Zoning & alternative use
MI · Wendell, 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 Wendell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wendell 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%
$1,035,000
6.5%
$955,000
7%
$890,000
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $833k (Dec 23 2020)
Last sale anchor
$833k
Dec 23 2020
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
$115 / 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
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
1978
Construction
METAL FRAME
Heating
CENTRAL
Cooling
NONE
Stories
1
Units
1
Total area
8,000 SF
Lot
4.7 ac (204,732 SF)
Zoning code
MI
APN
1794.17-00-3386 0046296
UPID
US53-1728573
Jurisdiction
WAKE
Zoning & alternative use
MI · Wendell, NC
Zoning MI · permitted uses
MI · Wendell, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wendell. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
METAL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
4.7 ac
Current owner
From public records · entity-resolved
Sal Real Estate LLC
Entity
Free & Clear · 5 yrs held
Mailing address
816 LAKESTONE DR, RALEIGH, NC 27609-6344
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Dec 23, 2020
$833,000
Sal Real Estate LLC
Bbe Industrial LLC
Special Warranty Deed
—
Nov 12, 2020
$650,000
Tmw Mcdonald LLC
East Wake Industrial LLC
Warranty Deed
—
Sep 11, 2020
$300,000
Pss Properties North Carolina LLC
East Wake Industrial LLC
Warranty Deed
$240,000 · United Community Bank
Sep 1, 2015
$1,100,000
East Wake Industrial LLC
Thimothy J Conoley
Warranty Deed
—
Jun 3, 2009
—
Conoley,timothy G
William N Conoley SR.
Quit Claim 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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