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Property profile & analytics
OFF-MARKET
Estimated value
$13,620,000
Manufacturing properties
850 Lufkin Rd Apex, NC 27539
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1333297
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
1972
Construction
CONCRETE BLOCKS
Total area
81,748 SF
Lot
16.01 ac (697,396 SF)
Zoning code
LI
APN
0741.04-94-2224 0079976
UPID
US53-1333297
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
$10.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.10M
Blend (final)
Blend
$13.62M
Owner & transaction history
Lufkin Road Associates LLC · 1 yrs held
Lufkin Road Associates LLC
since 2025
Last sale
$15.8M
4 recorded transactions
Zoning & alternative use
LI · Apex, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$19.8M
+109.8%
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 Apex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Apex 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
$18,265,000
ML approach
$10,810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,420,000
Current use
WAREHOUSE, STORAGE
$19,770,000
Change: +110% · Conversion: Easy
Blend value · Realmo final
$13.62M
Range $12.26M – $14.98M · ±10% · vs last sale $15.75M (Jul 11 2022)
Last sale anchor
$15.75M
Jul 11 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
$167 / 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
$104,173
Tax year 2024
Assessed value
$12,205,422
Assessed 2024
Previous assessed
$12,205,422
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,145,715
Assessed improvement
$11,059,707
Land market value
$1,145,715
Improvement market value
$11,059,707
Total market value
$12,205,422
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
Manufacturing properties
Use group
HEAVY MANUFACTURING
Status
Off-Market
Year built
1972
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
81,748 SF
Lot
16.01 ac (697,396 SF)
Zoning code
LI
APN
0741.04-94-2224 0079976
UPID
US53-1333297
Jurisdiction
WAKE
Zoning & alternative use
LI · Apex, NC
Zoning LI · permitted uses
LI · Apex, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Apex. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$9.4M
WAREHOUSE, STORAGE
Est. value
$19.8M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1972
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
16.01 ac
Current owner
From public records · entity-resolved
Lufkin Road Associates LLC
Entity
Mailing address
37 W 39TH ST RM #402, NEW YORK, NY 10018-3888
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2025
$16,335,500
Lufkin Road Associates LLC
Lm Lufkin Road II LLC
Special Warranty Deed
related
$64,500,000 · Voya Investment Management LLC
Jul 11, 2022
$15,750,000
Lm Lufkin Road II LLC
Lm Lufkin Road LLC
Special Warranty Deed
$100,000,000 · Capital One NA
May 22, 2019
$9,000,000
Lm Lufkin Road LLC
Beechmoor LLC
Trustees Deed
$6,300,000 · Ladder Cap Fin
Mar 23, 2016
$1,746,000
Beechmoor LLC
Henry Wurst INC
Warranty Deed
—
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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