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Property profile & analytics
OFF-MARKET
Estimated value
$1,760,000
Warehouses
577 Nc Hwy 42nd W, Clayton, NC 27520
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-3252240
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1988
Total area
16,032 SF
Lot
1.56 ac (67,954 SF)
Zoning code
SUP
APN
05G02011W
UPID
US53-3252240
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.09M
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.76M
Owner & transaction history
Clayton Nc LLC
Clayton Nc LLC
since 2025
Last sale
$2.2M
3 recorded transactions
Zoning & alternative use
SUP · Clayton, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.6M
+62.0%
Auto repair, garage
$2.4M
+54.1%
Commercial (general)
$2.4M
+50.9%
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 Clayton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clayton 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%
$2,265,000
6.5%
$2,090,000
7%
$1,945,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,585,000
Current use
RETAIL STORES
$2,565,000
Change: +62% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,440,000
Change: +54% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,390,000
Change: +51% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,350,000
Change: +49% · Conversion: Moderate
MEDICAL BUILDING
$2,330,000
Change: +47% · Conversion: Difficult
Blend value · Realmo final
$1.76M
Range $1.58M – $1.94M · ±10% · vs last sale $2.21M (May 26 2025)
Last sale anchor
$2.21M
May 26 2025
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
$110 / 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
$10,064
Tax year 2024
Assessed value
$910,100
Assessed 2024
Previous assessed
$910,100
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$424,710
Assessed improvement
$485,390
Land market value
$424,710
Improvement market value
$485,390
Total market value
$910,100
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Heating
NONE
Cooling
NONE
Stories
1
Total area
16,032 SF
Lot
1.56 ac (67,954 SF)
Zoning code
SUP
APN
05G02011W
UPID
US53-3252240
Jurisdiction
JOHNSTON
Zoning & alternative use
SUP · Clayton, NC
Zoning SUP · permitted uses
SUP · Clayton, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clayton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.6M
RETAIL STORES
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.3M
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1988
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.56 ac
Current owner
From public records · entity-resolved
Clayton Nc LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1105 CARRIAGE CT, CHESAPEAKE, VA 23322-4654
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Aug 26, 2025
$2,208,000
Clayton Nc LLC
Cary Clayton Storage Partners LLC
Special Warranty Deed
—
Jun 27, 2018
—
Cary Clayton Storage Partners LLC
Nc Storage Group LLC
Special Warranty Deed
$2,000,000 · C-iii Commercial Mortgage LLC
Jun 1, 2016
$730,000
Nc Storage Group LLC
Control Group INC
Warranty Deed
$3,140,000 · Storage Lndg LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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