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Property profile & analytics
OFF-MARKET
Retail space
4900 Wendell Blvd Wendell, NC 27591-6946
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-0361471
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Construction
CONCRETE BLOCKS
Total area
1,200 SF
Lot
7.11 ac (309,712 SF)
Zoning code
MI
APN
1794.01-35-8357 0229538
UPID
US53-0361471
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tjm Investments LLC · 5 yrs held
Tjm Investments LLC
since 2021
Last sale
$300,000
7 recorded transactions
Zoning & alternative use
MI · Wendell, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Manufacturing and Industrial District is coded to permit the development and operation of light or heavy industrial or flex-space buildings and uses that are typically too large in scale to fit within a neighborhood environment and that should be buffered from surrounding neighborhood uses. In the interest of economic development, this District is reserv…
Zone name
Manufacturing And Industrial
General category
INDUSTRIAL
Zone area
176.67 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,281
Tax year 2024
Assessed value
$367,350
Assessed 2024
Previous assessed
$288,190
+27.5% YoY
Effective rate
0.62%
On assessed value
Assessed land
$237,510
Assessed improvement
$129,840
Land market value
$237,510
Improvement market value
$129,840
Total market value
$367,350
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1999
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
1,200 SF
Lot
7.11 ac (309,712 SF)
Zoning code
MI
APN
1794.01-35-8357 0229538
UPID
US53-0361471
Jurisdiction
WAKE
Zoning & alternative use
MI · Wendell, NCZoning MI · permitted uses
MI · Wendell, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Manufacturing and Industrial District is coded to permit the development and operation of light or heavy industrial or flex-space buildings and uses that are typically too large in scale to fit within a neighborhood environment and that should be buffered from surrounding neighborhood uses. In the interest of economic development, this District is reserved for non-residential uses only to preserve adequate opportunities for future relocation and expansion of employment-based uses
Zone name
Manufacturing And Industrial
General category
INDUSTRIAL
Zone area
176.67 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1999
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
7.11 ac
Current owner
From public records · entity-resolved
Tjm Investments LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3401 YELLOW BUCKEYE LN, ZEBULON, NC 27597-7348
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2021
$300,000
Tjm Investments LLC
John Terrell Freeman
Warranty Deed
—
Apr 7, 2015
$220,000
John T Freeman
Chau Yoke K
Warranty Deed
$120,000 · Yoke K Chau
Jul 15, 2010
$89,000
Yoke K Chau
Suntrust Bk
Grant Deed
—
Feb 26, 2008
$176,000
Suntrust Bank
Trachtman,james B
Trustees Deed
related
—
Jul 21, 2006
—
Roger L Duty
—
Trustees Deed
related
$36,000 · Parker Grain Co INC
Apr 4, 2006
—
Roger L Duty
—
Trustees Deed
related
$18,000 · James JR Cutchins
—
—
John T Freeman
—
Deed Of Trust
related
$125,000 · Four Oaks Bk&tr
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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