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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Industrial properties
8011 Old Beulah Rd Kenly, NC 27542-8638
Individually Owned
19-yr Hold
Property ID
US53-3864434
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2016
Total area
4,000 SF
Lot
31.4 ac (1,367,784 SF)
Zoning code
RAG
APN
03O05040O
UPID
US53-3864434
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
by Request
CAP Approach
CAP
$635k
Comparable Approach
Comparable
$704k
Blend (final)
Blend
$665k
Owner & transaction history
James T Johnson · 19 yrs held
James T Johnson
since 2006
2 recorded transactions
Zoning & alternative use
RAG · Kenly, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$670,000
+56.7%
Retail stores
$640,000
+50.1%
Auto repair, garage
$610,000
+42.7%
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 Kenly submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kenly 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%
$690,000
6.5%
$635,000
7%
$590,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$425,000
Current use
OFFICE BUILDING
$670,000
Change: +57% · Conversion: Easy
RETAIL STORES
$640,000
Change: +50% · Conversion: Easy
AUTO REPAIR, GARAGE
$610,000
Change: +43% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$585,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$580,000
Change: +36% · Conversion: Easy
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$166 / 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
$1,974
Tax year 2024
Assessed value
$336,570
Assessed 2024
Previous assessed
$336,570
+0.0% YoY
Effective rate
0.59%
On assessed value
Assessed land
$138,940
Assessed improvement
$197,630
Land market value
$138,940
Improvement market value
$197,630
Total market value
$336,570
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2016
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
4,000 SF
Lot
31.4 ac (1,367,784 SF)
Zoning code
RAG
APN
03O05040O
UPID
US53-3864434
Jurisdiction
JOHNSTON
Zoning & alternative use
RAG · Kenly, NC
Zoning RAG · permitted uses
RAG · Kenly, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kenly. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$425,000
OFFICE BUILDING
Est. value
$670,000
RETAIL STORES
Est. value
$640,000
AUTO REPAIR, GARAGE
Est. value
$610,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$585,000
MEDICAL BUILDING
Est. value
$580,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
2016
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
2
Lot
31.4 ac
Current owner
From public records · entity-resolved
James T Johnson
Individual
Mailing address
8011 OLD BEULAH RD, KENLY, NC 27542-8638
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2006
—
James T Johnson
Johnson,edgar A
Quit Claim Deed
related
—
—
—
James T Johnson
—
Deed Of Trust
related
$80,000 · Farm Credit Svcs
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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