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Property profile & analytics
OFF-MARKET
Estimated value
$10,930,000
Warehouses
8740 Wadford Dr, Raleigh, NC 27616-9027
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-0874439
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2016
Construction
BRICK
Total area
48,550 SF
Lot
4.93 ac (214,751 SF)
Zoning code
CX-3
APN
1738.17-11-6613 0307046
UPID
US53-0874439
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
-
Advertising in Motion Marketing & Advertising Advertising Agency
-
Auto Glass Pros of Raleigh Auto Repair Shop
-
Storage King USA Storage Facility
-
Doors R US Gambia Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.56M
CAP Approach
CAP
$7.30M
Comparable Approach
Comparable
$10.16M
Blend (final)
Blend
$10.93M
Owner & transaction history
Agap Raleigh LLC · 5 yrs held
Agap Raleigh LLC
since 2021
Last sale
$11.0M
7 recorded transactions
Zoning & alternative use
CX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$15.7M
+24.6%
Medical building
$15.3M
+21.2%
Auto repair, garage
$14.3M
+13.3%
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
$13,630,000
ML approach
$11,555,000
CAP Approach
CAP Return
Estimation
6%
$7,900,000
6.5%
$7,295,000
7%
$6,775,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,635,000
Current use
COMMERCIAL (GENERAL)
$15,745,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$15,310,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$14,315,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$10.93M
Range $9.84M – $12.02M · ±10% · vs last sale $11.00M (Jun 15 2021)
Last sale anchor
$11.00M
Jun 15 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
$225 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$48,613
Tax year 2023
Assessed value
$4,459,903
Assessed 2023
Previous assessed
$4,459,903
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,024,362
Assessed improvement
$3,435,541
Land market value
$1,024,362
Improvement market value
$3,435,541
Total market value
$4,459,903
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2016
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
48,550 SF
Lot
4.93 ac (214,751 SF)
Zoning code
CX-3
APN
1738.17-11-6613 0307046
UPID
US53-0874439
Jurisdiction
WAKE
Zoning & alternative use
CX-3 · Raleigh, NC
Zoning CX-3 · permitted uses
CX-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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$12.6M
COMMERCIAL (GENERAL)
Est. value
$15.7M
MEDICAL BUILDING
Est. value
$15.3M
AUTO REPAIR, GARAGE
Est. value
$14.3M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
4.93 ac
Current owner
From public records · entity-resolved
Agap Raleigh LLC
Entity
Mailing address
150 E 52ND ST #32, NEW YORK, NY 10022-6017
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2026
—
Agap Raleigh LLC
—
Deed
related
$140,300,000 · Wells Fargo Bank NA
Nov 3, 2022
—
Agap Raleigh LLC
—
Deed
related
$251,500,000 · Goldman Sachs Bank USA
Oct 11, 2021
—
Agap Raleigh LLC
—
Deed
related
$200,000 · Goldman Sachs Bank USA
Jun 15, 2021
$11,000,000
Agap Raleigh LLC
Wadford Storage LLC
Special Warranty Deed
—
Aug 26, 2016
—
Wadford Storage LLC
—
Trustees Deed
related
$4,000,000 · Paragon Com'l Bk
Feb 23, 2015
—
Wadford Storage LLC
Redleg Properties LLC
Warranty Deed
related
—
Jun 12, 2014
$405,000
Redleg Properties LLC
Crm Mid-atlantic Props LLC
Grant Deed
—
May 26, 2011
$612,500
Crm Mid-atlantic Props LLC
Pryzwansky,david T
Trustees Deed
—
Jul 2, 2009
—
Perry Creek Dev INC
—
Trustees Deed
related
$100,000 · Paragon Commercial Bank
Jul 31, 2008
—
Perry Creek Dev INC
—
Trustees Deed
related
$992,489 · Suntrust Bank NA
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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