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Property profile & analytics
OFF-MARKET
Estimated value
$15,910,000
Warehouses
6401 Town Ctr Dr, Raleigh, NC 27616-2814
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1167357
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2005
Construction
BRICK
Total area
100,697 SF
Lot
5.4 ac (235,224 SF)
Zoning code
CX-3
APN
1727.19-52-2391 0331791
UPID
US53-1167357
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
-
U-Haul Neighborhood Dealer Car Rental Facility
-
US Storage Centers Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.49M
CAP Approach
CAP
$15.13M
Comparable Approach
Comparable
$11.01M
Blend (final)
Blend
$15.91M
Owner & transaction history
Seminary Town Center Storage LP · 4 yrs held
Seminary Town Center Storage LP
since 2022
Last sale
$15.5M
5 recorded transactions
Zoning & alternative use
CX-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
$17,520,000
ML approach
$10,490,000
CAP Approach
CAP Return
Estimation
6%
$16,390,000
6.5%
$15,130,000
7%
$14,045,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$26,205,000
Current use
Blend value · Realmo final
$15.91M
Range $14.32M – $17.50M · ±10% · vs last sale $15.50M (May 5 2022)
Last sale anchor
$15.50M
May 5 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
$158 / 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
$131,488
Tax year 2024
Assessed value
$15,139,702
Assessed 2024
Previous assessed
$15,139,702
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$1,975,882
Assessed improvement
$13,163,820
Land market value
$1,975,882
Improvement market value
$13,163,820
Total market value
$15,139,702
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
2005
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
335
Total area
100,697 SF
Lot
5.4 ac (235,224 SF)
Zoning code
CX-3
APN
1727.19-52-2391 0331791
UPID
US53-1167357
Jurisdiction
WAKE
Zoning & alternative use
CX-3 · Raleigh, NC
Zoning CX-3 · permitted uses
CX-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
$26.2M
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
2005
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
335
Lot
5.4 ac
Current owner
From public records · entity-resolved
Seminary Town Center Storage LP
Entity
Free & Clear · 4 yrs held
Mailing address
2001 ROSS AVE #5200, DALLAS, TX 75201-2911
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
May 5, 2022
$15,500,000
Seminary Town Center Storage LP
Lsf I Raleigh Town Center LLC
Special Warranty Deed
—
Jun 8, 2020
$7,800,000
Lsf I Raleigh Town Center LLC
Dominion Self-storage II LLC
Grant Deed
$5,070,000 · Skymar Cap
Jan 8, 2016
$4,500,000
Dominion Self-storage II LLC
Pnc Bk National Assn
Grant Deed
$5,550,000 · Cohutta Bkng
Aug 6, 2013
$4,587,140
Rbc Centura Bk
Nichols Charles E JR
Trustees Deed
related
—
Mar 10, 2009
—
Hud-eight LLC
—
Grant Deed
related
$1,500,000 · Rbc Bank (usa)
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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