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Property profile & analytics
OFF-MARKET
Estimated value
$2,895,000
Warehouses
4901 Unicon Dr Wake Forest, NC 27587-5082
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-3898526
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2015
Construction
CONCRETE BLOCKS
Total area
6,334 SF
Lot
4.41 ac (192,100 SF)
Zoning code
LI
APN
1739.04-60-5446 0363235
UPID
US53-3898526
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
-
Sunbelt Rentals Pump Solutions (Bike/Boat/Book/etc) Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.06M
Blend (final)
Blend
$2.90M
Owner & transaction history
Acopian Land LP · 2 yrs held
Acopian Land LP
since 2023
Last sale
$3.1M
5 recorded transactions
Zoning & alternative use
LI · Wake Forest, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.5M
+192.6%
Restaurant
$3.4M
+186.6%
Auto repair, garage
$2.2M
+83.4%
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 Wake Forest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wake Forest 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
$3,885,000
ML approach
$3,915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,490,000
Change: +193% · Conversion: Moderate
RESTAURANT
$3,420,000
Change: +187% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,190,000
Change: +83% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,105,000
Change: +77% · Conversion: Difficult
MEDICAL BUILDING
$2,060,000
Change: +73% · Conversion: Difficult
Blend value · Realmo final
$2.90M
Range $2.61M – $3.18M · ±10% · vs last sale $3.06M (Oct 18 2023)
Last sale anchor
$3.06M
Oct 18 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
$457 / 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
$22,637
Tax year 2023
Assessed value
$1,948,082
Assessed 2023
Previous assessed
$1,948,082
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$768,400
Assessed improvement
$1,179,682
Land market value
$768,400
Improvement market value
$1,179,682
Total market value
$1,948,082
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
2015
Construction
CONCRETE BLOCKS
Heating
SPACE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
6,334 SF
Lot
4.41 ac (192,100 SF)
Zoning code
LI
APN
1739.04-60-5446 0363235
UPID
US53-3898526
Jurisdiction
WAKE
Zoning & alternative use
LI · Wake Forest, NC
Zoning LI · permitted uses
LI · Wake Forest, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wake Forest. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
RESTAURANT
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2015
Construction
CONCRETE BLOCKS
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Lot
4.41 ac
Current owner
From public records · entity-resolved
Acopian Land LP
Entity
Free & Clear · 2 yrs held
Mailing address
2001 W NASA BLVD, MELBOURNE, FL 32904-2321
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2023
$3,061,500
Acopian Land LP
4901 Unicon Drive LLC
Special Warranty Deed
—
Jul 16, 2020
—
4901 Unicon Drive LLC
—
Deed
related
$1,578,000 · Southern Bk
Nov 5, 2019
—
4901 Unicon Drive LLC
Gem Contracting LLC
Grant Deed
related
—
Sep 5, 2014
$220,000
Gem Contracting LLC
Janko Import Cars INC
Grant Deed
$1,627,750 · Select Bk
—
—
4901 Unicon Drive LLC
—
Deed Of Trust
related
$1,578,000 · Southern Bk
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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