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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Warehouses
701 Wall St, Benson, NC 27504-1858
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1678771
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1962
Total area
18,170 SF
Lot
1.38 ac (60,113 SF)
Zoning code
IND
APN
01E10030B
UPID
US53-1678771
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
-
Veronica's Doggie Delights (Bike/Boat/Book/etc) Store Pet Store & Service
-
CrossFit MTA Gym & Fitness Center
-
Alkat Restoration Renovation Specialist Hardware & Home Improvement
-
HomeCare for the Carolinas Benson Branch Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$370k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$530k
Blend (final)
Blend
$565k
Owner & transaction history
Alkat Properties LLC · 12 yrs held
Alkat Properties LLC
since 2013
7 recorded transactions
Zoning & alternative use
IND · Benson, 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 Benson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Benson 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
$370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$5,262
Tax year 2024
Assessed value
$411,100
Assessed 2024
Previous assessed
$411,100
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$99,110
Assessed improvement
$311,990
Land market value
$99,110
Improvement market value
$311,990
Total market value
$411,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1962
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
4
Total area
18,170 SF
Lot
1.38 ac (60,113 SF)
Zoning code
IND
APN
01E10030B
UPID
US53-1678771
Jurisdiction
JOHNSTON
Zoning & alternative use
IND · Benson, NC
Zoning IND · permitted uses
IND · Benson, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Benson. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
1.38 ac
Current owner
From public records · entity-resolved
Alkat Properties LLC
Entity
Mailing address
1833 HOBSON RD, DUNN, NC 28334-8323
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2018
—
Alkat Properties LLC
—
Deed
related
$155,900 · Us Small Busn Admn
May 9, 2017
—
Alkat Properties LLC
—
Deed
related
$131,600 · Us Small Busn Admn
Dec 20, 2013
$346,000
Alkat Properties LLC
Creech,thomas R & Frances D
Warranty Deed
$316,633 · Capstone Bank
Dec 6, 2010
$235,000
Thomas R Creech
Levinson Ann M Trust
Warranty Deed
$235,000 · Four Oaks Bank & Trust Co
—
—
Thomas R Creech
—
Deed Of Trust
related
$130,000 · Four Oaks Bank & Trust Co
—
—
Banner Machinery Corp
—
Deed Of Trust
related
$249,000 · Four Oaks Bank & Trust Co
—
—
Thomas R Creech
—
Deed Of Trust
related
$436,000 · Patriot State Bank
—
—
Alkat Properties LLC
—
Deed Of Trust
related
$131,600 · Us Small Busn Admn
—
—
Alkat Properties LLC
—
Loan Modification
related
$155,900 · Us Small Busn Admn
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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