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Property profile & analytics
OFF-MARKET
Estimated value
$2,695,000
Office buildings
640 Park Ave Youngsville, NC 27596-9468
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US53-2105442
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1993
Total area
86,550 SF
Lot
8.13 ac (354,143 SF)
Zoning code
M U
APN
28403
UPID
US53-2105442
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
-
Welsh Paper Co Distribution Center
-
ABC Hosiery & Apparel Big Box & Wholesale Store
-
Hathaway Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.48M
Blend (final)
Blend
$2.70M
Owner & transaction history
T G Real Estate Holdings LLC · 11 yrs held
T G Real Estate Holdings LLC
since 2014
5 recorded transactions
Zoning & alternative use
M U · Youngsville, 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 Youngsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Youngsville 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.70M
Range $2.43M – $2.96M · ±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
$31 / 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
$19,992
Tax year 2024
Assessed value
$3,352,260
Assessed 2024
Previous assessed
$2,462,840
+36.1% YoY
Effective rate
0.60%
On assessed value
Assessed land
$1,425,760
Assessed improvement
$1,926,500
Land market value
$1,425,760
Improvement market value
$1,926,500
Total market value
$3,352,260
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1993
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
3
Total area
86,550 SF
Lot
8.13 ac (354,143 SF)
Zoning code
M U
APN
28403
UPID
US53-2105442
Jurisdiction
FRANKLIN
Zoning & alternative use
M U · Youngsville, NC
Zoning M U · permitted uses
M U · Youngsville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Youngsville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1993
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
3
Lot
8.13 ac
Current owner
From public records · entity-resolved
T G Real Estate Holdings LLC
Entity
Mailing address
640 PARK AVE, YOUNGSVILLE, NC 27596-9468
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Nov 8, 2019
—
Tg Reat Estate Holdings Lc
—
Deed
related
$1,654,899 · Cogent Bank
Oct 8, 2014
$2,000,000
T G Real Estate Holdings LLC
Welsh Realty LLC
Warranty Deed
$1,800,000 · First Tennessee Bank NA
Sep 27, 2007
—
Welsh Realty LLC
—
Trustees Deed
related
$142,691 · Rbc Centura Bank
—
—
Welsh Realty LLC
—
Deed Of Trust
related
$3,119,000 · Rbc Centura Bank
—
—
Welsh Realty LLC
—
Deed Of Trust
related
$506,904 · Rbc Centura Bank
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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