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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Warehouses
6600 Mt Herman Rd Raleigh, NC 27617-9404
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-1695279
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2014
Construction
METAL FRAME
Total area
11,970 SF
Lot
1.22 ac (53,143 SF)
Zoning code
IX-3
APN
0768.02-75-9315 0003676
UPID
US53-1695279
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
-
Pipe Techs Plumbing LLC Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.43M
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.45M
Owner & transaction history
Cornerstone Industrial Properties L · 1 yrs held
Cornerstone Industrial Properties L
since 2025
Last sale
$1.5M
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,550,000
6.5%
$1,430,000
7%
$1,330,000
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±10% · vs last sale $1.50M (Mar 17 2025)
Last sale anchor
$1.50M
Mar 17 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
$121 / 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
$16,289
Tax year 2024
Assessed value
$1,875,589
Assessed 2024
Previous assessed
$1,875,589
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$446,401
Assessed improvement
$1,429,188
Land market value
$446,401
Improvement market value
$1,429,188
Total market value
$1,875,589
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
2014
Construction
METAL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
4
Bathrooms
1
Total area
11,970 SF
Lot
1.22 ac (53,143 SF)
Zoning code
IX-3
APN
0768.02-75-9315 0003676
UPID
US53-1695279
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.
Building & site characteristics
From public records
Year built
2014
Construction
METAL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
1
Lot
1.22 ac
Current owner
From public records · entity-resolved
Cornerstone Industrial Properties L
Entity
Free & Clear · 1 yrs held
Mailing address
6600 MT HERMAN RD, RALEIGH, NC 27617-9404
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2025
$1,500,000
Cornerstone Industrial Properties L
Lloyd L Nichols LLC
Warranty Deed
—
Jan 25, 2016
—
Lloyd L Nichols LLC
—
Trustees Deed
related
$44,900 · Fidelity Bk
Aug 28, 2013
—
Lloyd L Nichols LLC
—
Trustees Deed
related
$661,500 · Yadkin Bank
Jan 17, 2012
—
Lloyd L Nichols LLC
Plumbing & Pipe Technologies I
Quit Claim Deed
related
—
Jan 12, 2012
—
Plumbing Technologies
Smith Caroline W Trust
Quit Claim Deed
related
$307,700 · Keysource Commercial Bank
Jan 12, 2012
$158,500
Plumbing Technologies
Smith Caroline W Trust
Warranty Deed
—
May 27, 2008
—
Smith Caroline W Trust
Smith,caroline
Quit Claim Deed
related
—
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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