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Property profile & analytics
OFF-MARKET
Estimated value
$2,635,000
Warehouses
9090 Us Hwy 220th Bus N, Randleman, NC 27317-8124
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1054005
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2023
Construction
STEEL FRAME
Total area
44,475 SF
Lot
6.52 ac (284,011 SF)
Zoning code
HCCD
APN
7767418405
UPID
US53-1054005
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
$1.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.85M
Blend (final)
Blend
$2.64M
Owner & transaction history
Biz Park Berry Lane LLC · 3 yrs held
Biz Park Berry Lane LLC
since 2022
Last sale
$3.4M
5 recorded transactions
Zoning & alternative use
HCCD · Randleman, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.2M
+80.6%
Auto repair, garage
$3.2M
+76.4%
Retail stores
$3.1M
+74.3%
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 Randleman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Randleman 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
$2,035,000
ML approach
$1,975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,800,000
Current use
OFFICE BUILDING
$3,245,000
Change: +81% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,170,000
Change: +76% · Conversion: Easy
RETAIL STORES
$3,130,000
Change: +74% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,505,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$2.64M
Range $2.37M – $2.90M · ±10% · vs last sale $3.40M (Nov 30 2022)
Last sale anchor
$3.40M
Nov 30 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
$59 / 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
$24,269
Tax year 2024
Assessed value
$3,027,760
Assessed 2024
Previous assessed
$807,440
+275.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$85,760
Assessed improvement
$2,942,000
Land market value
$85,760
Improvement market value
$2,942,000
Total market value
$3,027,760
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2023
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
5
Stories
1
Total area
44,475 SF
Lot
6.52 ac (284,011 SF)
Zoning code
HCCD
APN
7767418405
UPID
US53-1054005
Jurisdiction
RANDOLPH
Zoning & alternative use
HCCD · Randleman, NC
Zoning HCCD · permitted uses
HCCD · Randleman, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Randleman. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.8M
OFFICE BUILDING
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.2M
RETAIL STORES
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.5M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
2023
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Lot
6.52 ac
Current owner
From public records · entity-resolved
Biz Park Berry Lane LLC
Entity
Mailing address
4203 SPINNAKER CV, AUSTIN, TX 78731-5130
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2022
$3,400,000
Biz Park Berry Lane LLC
Piedmont Self Storage LLC
Special Warranty Deed
$4,200,000 · United Bank
Nov 30, 2022
—
Biz Park Berry Lane LLC
Piedmont Self Storage LLC
Warranty Deed
—
Jan 3, 2018
—
Piedmont Self Storage LLC
—
Deed
related
$171,100 · Branch Bk&tr
Oct 8, 2014
$870,000
Piedmont Self Storage LLC
Ght INC
Grant Deed
$748,000 · Branch Bk&tr
—
—
Piedmont Self Storage LLC
—
Deed Of Trust
related
$171,100 · Branch Bk&tr
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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