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Property profile & analytics
OFF-MARKET
Estimated value
$5,000,000
Manufacturing properties
5108 Rex Mcleod Dr, Sanford, NC 27330-9539
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2931670
Property profile
Verified
Property type
Manufacturing properties
Use group
PROCESSING PLANT (CEMENT, GRAVEL)
Year built
1982
Total area
50,497 SF
Lot
6.36 ac (277,042 SF)
Zoning code
HEAVY INDUSTRIAL
APN
9645-65-9437-00
UPID
US53-2931670
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
-
PolySi® Technologies Inc. Industrial Manufacturer Production Facility
-
Noble Corporate Office Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.00M
CAP Approach
CAP
$4.12M
Comparable Approach
Comparable
$3.54M
Blend (final)
Blend
$5.00M
Owner & transaction history
Noble Oil Services INC · 2 yrs held
Noble Oil Services INC
since 2024
Last sale
$5.0M
4 recorded transactions
Zoning & alternative use
HEAVY INDUSTRIAL · Sanford, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.4M
+68.2%
Retail stores
$3.7M
+15.1%
Neighborhood: shopping center
$3.4M
+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
$5,000,000
ML approach
$5,000,000
CAP Approach
CAP Return
Estimation
6%
$4,465,000
6.5%
$4,120,000
7%
$3,825,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,235,000
Current use
COMMERCIAL (GENERAL)
$5,445,000
Change: +68% · Conversion: Difficult
RETAIL STORES
$3,725,000
Change: +15% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,425,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,380,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$3,145,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$5.00M
Range $4.50M – $5.50M · ±10% · vs last sale $5.00M (Mar 1 2024)
Last sale anchor
$5.00M
Mar 1 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
$99 / 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
$19,830
Tax year 2024
Assessed value
$2,659,500
Assessed 2024
Previous assessed
$2,659,500
+0.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$286,200
Assessed improvement
$2,373,300
Land market value
$286,200
Improvement market value
$2,373,300
Total market value
$2,659,500
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
1982
Heating
YES
Cooling
NONE
Stories
1
Total area
50,497 SF
Lot
6.36 ac (277,042 SF)
Zoning code
HEAVY INDUSTRIAL
APN
9645-65-9437-00
UPID
US53-2931670
Jurisdiction
LEE
Zoning & alternative use
HEAVY INDUSTRIAL · Sanford, NC
Zoning HEAVY INDUSTRIAL · permitted uses
HEAVY 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
$3.2M
COMMERCIAL (GENERAL)
Est. value
$5.4M
RETAIL STORES
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.4M
WAREHOUSE, STORAGE
Est. value
$3.1M
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
1982
Heating
YES
Cooling
Yes
Stories
1
Lot
6.36 ac
Current owner
From public records · entity-resolved
Noble Oil Services INC
Entity
Free & Clear · 2 yrs held
Mailing address
5617 CLYDE RHYNE DR, SANFORD, NC 27330-9562
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2024
$5,000,000
Noble Oil Services INC
Cat 3 Properties LLC
Special Warranty Deed
—
Sep 19, 2023
—
Cat 3 Properties LLC
—
Deed
related
$1,540,000 · Townebank
Oct 19, 2021
$3,250,000
Cat 3 Properties LLC
Luther Leuth Property Management Ll
Special Warranty Deed
$2,720,000 · Townebank
Apr 6, 2005
—
Luther Leuth Property Mgmt LLC
Leuth,charles & Ann
Quit Claim Deed
—
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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