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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Flex space
501 Pearl St Princeton, NC 27569-7334
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-0987048
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1966
Total area
26,168 SF
Lot
5.31 ac (231,304 SF)
Zoning code
COW
APN
4006013
UPID
US53-0987048
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
-
J and N Developers Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$492k
Blend (final)
Blend
$500k
Owner & transaction history
J & N Developers LLC · 8 yrs held
J & N Developers LLC
since 2018
7 recorded transactions
Zoning & alternative use
COW · Princeton, 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 Princeton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Princeton 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
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$740,000
Current use
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$19 / 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
$12,043
Tax year 2024
Assessed value
$885,540
Assessed 2024
Previous assessed
$885,540
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$88,700
Assessed improvement
$796,840
Land market value
$88,700
Improvement market value
$796,840
Total market value
$885,540
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
1966
Heating
STEAM
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
26,168 SF
Lot
5.31 ac (231,304 SF)
Zoning code
COW
APN
4006013
UPID
US53-0987048
Jurisdiction
JOHNSTON
Zoning & alternative use
COW · Princeton, NC
Zoning COW · permitted uses
COW · Princeton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Princeton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$740,000
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
1966
Heating
STEAM
Cooling
Yes
Stories
1
Buildings
2
Lot
5.31 ac
Current owner
From public records · entity-resolved
J & N Developers LLC
Entity
Mailing address
501 S PEARL ST, PRINCETON, NC 27569-7334
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2020
—
J & N Developers LLC
—
Deed
related
$222,800 · Ks Bk INC
Nov 5, 2020
—
J & N Developers LLC
—
Deed
related
$215,500 · Ks Bk INC
Oct 15, 2020
—
J & N Developers LLC
—
Deed
related
$1,000,000 · Ks Bank INC
May 29, 2018
$255,000
J & N Developers LLC
Eagle Sportswear LLC
Warranty Deed
$275,000 · Branch Bk&tr
Sep 16, 2013
$153,000
Mag Apparel LLC
Mortex Corp
Warranty Deed
—
—
—
Mortex Corp
—
Deed Of Trust
related
$2,670,000 · Capital Bank NA
—
—
Mortex Corp
—
Deed Of Trust
related
$750,000 · Capital Bank NA
—
—
J & N Developers LLC
—
Deed Of Trust
related
$215,500 · Ks Bk INC
—
—
J & N Developers LLC
—
Deed Of Trust
related
$207,800 · Ks Bk INC
—
—
J & N Developers LLC
—
Deed Of Trust
related
$222,800 · Ks Bk INC
—
—
J & N Developers LLC
—
Deed Of Trust
related
$222,800 · Ks Bk INC
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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