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Property profile & analytics
OFF-MARKET
Estimated value
$5,250,000
Warehouses
5012 New Bern Ave Raleigh, NC 27610-1432
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US53-5742762
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1999
Construction
METAL FRAME
Total area
55,172 SF
Lot
4.54 ac (197,762 SF)
Zoning code
IX-3
APN
1734.14-24-8404 0242076
UPID
US53-5742762
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
-
SmartStop Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.75M
Blend (final)
Blend
$5.25M
Owner & transaction history
Sst II 5012 New Bern Ave LLC · 11 yrs held
Sst II 5012 New Bern Ave LLC
since 2014
7 recorded transactions
Zoning & alternative use
IX-3 · Raleigh, 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 Raleigh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raleigh 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.25M
Range $4.73M – $5.78M · ±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
$95 / 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
$44,918
Tax year 2023
Assessed value
$4,119,050
Assessed 2023
Previous assessed
$4,119,050
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,082,434
Assessed improvement
$2,036,616
Land market value
$2,082,434
Improvement market value
$2,036,616
Total market value
$4,119,050
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Construction
METAL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
4
Stories
1
Units
385
Total area
55,172 SF
Lot
4.54 ac (197,762 SF)
Zoning code
IX-3
APN
1734.14-24-8404 0242076
UPID
US53-5742762
Jurisdiction
WAKE
Zoning & alternative use
IX-3 · Raleigh, NC
Zoning IX-3 · permitted uses
IX-3 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Raleigh. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Construction
METAL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
4
Units
385
Lot
4.54 ac
Current owner
From public records · entity-resolved
Sst II 5012 New Bern Ave LLC
Entity
Mailing address
PO BOX 320099, ALEXANDRIA, VA 22320-4099
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2019
—
Sst II 5012 New Bern Ave LLC
—
Deed
related
$180,000,000 · Citi R/e Fndg INC
Nov 5, 2014
$3,920,000
Sst II 5012 New Bern Ave LLC
Flagship Properties III LLC
Grant Deed
—
Nov 5, 2014
—
Sst II 5012 New Bern Ave LLC
—
Loan Modification
related
$12,800,000 · Us Bank NA #2013-c16 (ce)
Oct 10, 2012
$2,798,500
Flagship Properties III LLC
Nss East Wake LLC
Grant Deed
$12,500,000 · C-iii Commercial Mtg LLC
Nov 1, 2007
$2,700,000
Nss East Wake LLC
Silverdeer Self-storage I LLC
Grant Deed
—
—
—
Sst II 5012 New Bern Ave LLC
—
Deed Of Trust
related
$180,000,000 · Citi R/e Fndg INC
—
—
Flagship Properties III LLC
—
Deed Of Trust
related
$12,800,000 · C-iii Com'l Mtg
—
—
Flagship Properties III LLC
—
Deed Of Trust
related
$12,800,000 · C-iii Com'l Mtg
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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