New search
Property profile & analytics
OFF-MARKET
Estimated value
$7,760,000
Manufacturing properties
5100 Rex Mcleod Dr, Sanford, NC 27330-9539
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2531593
Property profile
Verified
Property type
Manufacturing properties
Use group
PROCESSING PLANT (CEMENT, GRAVEL)
Year built
2003
Total area
100,918 SF
Lot
10.34 ac (450,410 SF)
Zoning code
LIGHT INDUSTRIAL
APN
9645-64-8502-00
UPID
US53-2531593
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
-
American Gifts INC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.76M
CAP Approach
CAP
$8.24M
Comparable Approach
Comparable
$6.84M
Blend (final)
Blend
$7.76M
Owner & transaction history
Bri Rex Mcleod LP · 2 yrs held
Bri Rex Mcleod LP
since 2024
Last sale
$7.8M
7 recorded transactions
Zoning & alternative use
LIGHT INDUSTRIAL · Sanford, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.9M
+68.2%
Retail stores
$7.5M
+15.1%
Neighborhood: shopping center
$6.8M
+5.8%
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 Sanford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sanford 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
$7,760,000
ML approach
$7,760,000
CAP Approach
CAP Return
Estimation
6%
$8,920,000
6.5%
$8,235,000
7%
$7,645,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,470,000
Current use
COMMERCIAL (GENERAL)
$10,885,000
Change: +68% · Conversion: Difficult
RETAIL STORES
$7,450,000
Change: +15% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$6,845,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,750,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$6,290,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$7.76M
Range $6.98M – $8.54M · ±10% · vs last sale $7.76M (Apr 11 2024)
Last sale anchor
$7.76M
Apr 11 2024
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
$77 / 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
$38,000
Tax year 2024
Assessed value
$5,135,100
Assessed 2024
Previous assessed
$5,135,100
+0.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$465,300
Assessed improvement
$4,669,800
Land market value
$465,300
Improvement market value
$4,669,800
Total market value
$5,135,100
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
Manufacturing properties
Use group
PROCESSING PLANT (CEMENT, GRAVEL)
Status
Off-Market
Year built
2003
Heating
YES
Cooling
NONE
Stories
1
Units
1
Total area
100,918 SF
Lot
10.34 ac (450,410 SF)
Zoning code
LIGHT INDUSTRIAL
APN
9645-64-8502-00
UPID
US53-2531593
Jurisdiction
LEE
Zoning & alternative use
LIGHT INDUSTRIAL · Sanford, NC
Zoning LIGHT INDUSTRIAL · permitted uses
LIGHT INDUSTRIAL · Sanford, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sanford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$10.9M
RETAIL STORES
Est. value
$7.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.8M
AUTO REPAIR, GARAGE
Est. value
$6.8M
WAREHOUSE, STORAGE
Est. value
$6.3M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2003
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
10.34 ac
Current owner
From public records · entity-resolved
Bri Rex Mcleod LP
Entity
Mailing address
500 E MOREHEAD ST STE #200, CHARLOTTE, NC 28202-3353
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2024
$7,761,500
Bri Rex Mcleod LP
Bin--rm5100 LLC
Special Warranty Deed
—
Oct 21, 2022
$4,343,000
Bin Rm5100 LLC
5100 Rex LLC
Special Warranty Deed
—
Oct 21, 2022
—
Bin Rm5100 LLC
5100 Rex LLC
Deed
—
Sep 6, 2017
—
5100 Rex LLC
—
Deed
related
$2,500,000 · Commercial Lending Services
Sep 27, 2012
—
William C Grubbs
—
Trustees Deed
related
$50,000 · Fifth Third Bank
—
—
William C Grubbs
—
Deed Of Trust
related
$250,000 · Branch Banking & Trust Co
—
—
William Grubbs
—
Deed Of Trust
related
$750,000 · Capital Bank NA
—
—
William C Grubbs
—
Deed Of Trust
related
$658,000 · Fifth Third Bank
—
—
William C Grubbs
—
Deed Of Trust
related
$300,000 · Fifth Third Bank
—
—
William C Grubbs
—
Deed Of Trust
related
$1,800,000 · Fifth Third Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5100 Rex Mcleod Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
