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Property profile & analytics
OFF-MARKET
Warehouses
5101 Unicon Dr R Wake Forest, NC 27587-5066
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1649681
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Construction
CONCRETE BLOCKS
Total area
1,000 SF
Lot
0.01 ac (436 SF)
Zoning code
LI
APN
1739.04-62-8690 0293258
UPID
US53-1649681
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
-
Tranquil Designs LLC Interior Design Home Decor Store
-
Grant Inc Construction Company General Contractor
-
Carpe Durham General Contractor
-
Hartwick Web Design Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Oak City Photo Booth Photography Service Party Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Chua Ventures LLC · 3 yrs held
Chua Ventures LLC
since 2023
Last sale
$100,200
3 recorded transactions
Zoning & alternative use
LI · Wake Forest, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,301
Tax year 2024
Assessed value
$139,417
Assessed 2024
Previous assessed
$139,417
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed improvement
$139,417
Improvement market value
$139,417
Total market value
$139,417
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
2001
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
NONE
Stories
1
Total area
1,000 SF
Lot
0.01 ac (436 SF)
Zoning code
LI
APN
1739.04-62-8690 0293258
UPID
US53-1649681
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.
Building & site characteristics
From public records
Year built
2001
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.01 ac
Current owner
From public records · entity-resolved
Chua Ventures LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2309 REDBRIDGE LN, APEX, NC 27502-2495
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2023
$260,000
Chua Ventures LLC
Grady LLC
Warranty Deed
—
—
—
Grady LLC
—
Deed Of Trust
related
$860,000 · Wake Forest Fed'l S&l Assn
—
—
Grady LLC
—
Deed Of Trust
related
$1,170,000 · Wake Forest Federal S&l Assn
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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