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Property profile & analytics
OFF-MARKET
Estimated value
$4,235,000
Warehouses
5100 Unicon Dr Wake Forest, NC 27587-3202
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5553717
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Construction
METAL FRAME
Total area
28,200 SF
Lot
2.57 ac (111,949 SF)
Zoning code
LI
APN
1739.04-72-3631 0255061
UPID
US53-5553717
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
-
Norlinx Inc (Bike/Boat/Book/etc) Store Corporate Office
-
USIC Locating Services General Contractor
-
First Choice Radon Remediation Environmental Consultant Environmental Engineer
-
Living Stone Building Company General Contractor
-
Upon the Rock Granite & Marble Kitchen & Bath Showroom Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.37M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.24M
Owner & transaction history
Pmt Departure LLC · 5 yrs held
Pmt Departure LLC
since 2021
5 recorded transactions
Zoning & alternative use
LI · Wake Forest, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.7M
+26.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,655,000
6.5%
$3,370,000
7%
$3,130,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,310,000
Current use
RETAIL STORES
$6,735,000
Change: +27% · Conversion: Moderate
Blend value · Realmo final
$4.24M
Range $3.81M – $4.66M · ±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
$150 / 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
$48,085
Tax year 2024
Assessed value
$4,821,108
Assessed 2024
Previous assessed
$4,821,108
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$531,758
Assessed improvement
$4,289,350
Land market value
$531,758
Improvement market value
$4,289,350
Total market value
$4,821,108
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
2002
Construction
METAL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
28,200 SF
Lot
2.57 ac (111,949 SF)
Zoning code
LI
APN
1739.04-72-3631 0255061
UPID
US53-5553717
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
WAREHOUSE, STORAGE Current
Est. value
$5.3M
RETAIL STORES
Est. value
$6.7M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
2002
Construction
METAL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.57 ac
Current owner
From public records · entity-resolved
Pmt Departure LLC
Entity
Free & Clear · 5 yrs held
Mailing address
7000 6TH FRKS RD #100, RALEIGH, NC 27615-6453
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2021
$5,448,000
Pmt Departure LLC
Robbins Group LLC
Grant Deed
—
Sep 30, 2010
$1,600,000
Sweere Properties LLC
Fmd INC
Warranty Deed
$1,280,000 · Fidelity Bank NA
Mar 24, 2010
—
Fmd INC
—
Deed Of Trust
related
$2,500,000 · Branch Banking & Trust Co
Apr 5, 2001
$146,500
Fmd INC
Fmd INC
Grant Deed
related
—
—
—
Fmd INC
—
Deed Of Trust
related
$300,000 · Branch Banking & Trust Co
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
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