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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Warehouses
7765 Chapel Crk Dr, Denver, NC 28037-8404
Individually Owned
5-yr Hold
Property ID
US53-3248302
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Total area
3,819 SF
Lot
0.53 ac (23,261 SF)
Zoning code
R-SF
APN
81111
UPID
US53-3248302
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
$520k
CAP Approach
CAP
$425k
Comparable Approach
Comparable
$445k
Blend (final)
Blend
$565k
Owner & transaction history
Nikolce Babamov · 5 yrs held
Nikolce Babamov
since 2021
Last sale
$718,500
3 recorded transactions
Zoning & alternative use
R-SF · Denver, 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 Denver submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Denver 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
$550,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
$465,000
6.5%
$425,000
7%
$395,000
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $719k (Apr 13 2021)
Last sale anchor
$719k
Apr 13 2021
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
$148 / 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
$6,762
Tax year 2024
Assessed value
$1,101,550
Assessed 2024
Previous assessed
$1,101,550
+0.0% YoY
Effective rate
0.61%
On assessed value
Assessed land
$102,000
Assessed improvement
$999,550
Land market value
$102,000
Improvement market value
$999,550
Total market value
$1,101,550
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
2003
Heating
PACKAGE
Cooling
CENTRAL
Buildings
2
Stories
2
Rooms
12
Bathrooms
4
Total area
3,819 SF
Lot
0.53 ac (23,261 SF)
Zoning code
R-SF
APN
81111
UPID
US53-3248302
Jurisdiction
LINCOLN
Zoning & alternative use
R-SF · Denver, NC
Zoning R-SF · permitted uses
R-SF · Denver, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Denver. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
2
Rooms
12
Bathrooms
4
Lot
0.53 ac
Current owner
From public records · entity-resolved
Nikolce Babamov
Individual
Mailing address
7765 CHAPEL CRK DR, DENVER, NC 28037-8404
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Apr 18, 2023
—
Nikolce Babamov
—
Deed
related
$250,000 · Truliant FCU
Apr 13, 2021
$718,500
Nikolce Babamov
Richard Lee Jones
Warranty Deed
$548,250 · Peoples Bank
May 4, 2004
$58,500
Lifestyle Custom Homes INC
—
Grant 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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