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Property profile & analytics
OFF-MARKET
Estimated value
$5,820,000
Warehouses
517 Pylon Dr, Raleigh, NC 27606-1414
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0741477
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Construction
METAL FRAME
Total area
34,063 SF
Lot
1.41 ac (61,420 SF)
Zoning code
IX-3
APN
0784.16-83-6899 0100111
UPID
US53-0741477
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
-
One Water Engineering Engineering Consultant
-
Stemz Big Box & Wholesale Store
-
DisSolves Industrial Manufacturer Production Facility
-
Wolf Moving Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.65M
CAP Approach
CAP
$4.08M
Comparable Approach
Comparable
$7.16M
Blend (final)
Blend
$5.82M
Owner & transaction history
Blue Co Warehousing LLC · 2 yrs held
Blue Co Warehousing LLC
since 2023
Last sale
$5.8M
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
$7,555,000
ML approach
$7,650,000
CAP Approach
CAP Return
Estimation
6%
$4,410,000
6.5%
$4,075,000
7%
$3,780,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,685,000
Current use
Blend value · Realmo final
$5.82M
Range $5.24M – $6.40M · ±10% · vs last sale $5.75M (Aug 8 2022)
Last sale anchor
$5.75M
Aug 8 2022
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
$171 / 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
$27,143
Tax year 2024
Assessed value
$3,125,310
Assessed 2024
Previous assessed
$3,125,310
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$1,474,080
Assessed improvement
$1,651,230
Land market value
$1,474,080
Improvement market value
$1,651,230
Total market value
$3,125,310
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
1980
Construction
METAL FRAME
Heating
SPACE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
34,063 SF
Lot
1.41 ac (61,420 SF)
Zoning code
IX-3
APN
0784.16-83-6899 0100111
UPID
US53-0741477
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.7M
WAREHOUSE, STORAGE Current
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
1980
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.41 ac
Current owner
From public records · entity-resolved
Blue Co Warehousing LLC
Entity
Mailing address
711 HARVEY ST, RALEIGH, NC 27608-2403
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2023
—
Blue Co Warehousing LLC
Pylon Drive Properties LLC
Lease
—
Aug 8, 2022
$5,750,000
Pylon Drive Properties LLC
Four Star Partners LLC
Special Warranty Deed
—
Aug 8, 2022
—
Pylon Drive Properties LLC
Four Star Partners LLC
Deed
—
Apr 15, 2019
—
Four Star Partners LLC
—
Deed
related
$200,000 · Paragon Bk
Sep 8, 2017
—
Four Star Partners LLC
—
Deed
related
$925,000 · Paragon Com'l Bk
Aug 4, 2017
—
Four Star Partners LLC
—
Deed
related
$300,000 · Paragon Com'l Bk
Nov 5, 2004
$71,500
Four Star Partners LLC
Link Properties LLC
Grant Deed
—
—
—
Four Star Partners LLC
—
Deed Of Trust
related
$200,000 · Paragon Bk
—
—
Four Star Partners LLC
—
Deed Of Trust
related
$200,000 · Paragon Bk
—
—
Four Star Partners LLC
—
Deed Of Trust
related
$300,000 · Paragon Com'l Bk
—
—
Four Star Partners LLC
—
Deed Of Trust
related
$925,000 · Paragon Com'l Bk
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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