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Property profile & analytics
OFF-MARKET
Estimated value
$2,970,000
Manufacturing properties
9244 Industrial NE Blvd, Leland, NC 28451-7517
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-1672368
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1997
Total area
26,664 SF
Lot
5.06 ac (220,414 SF)
Zoning code
IG
APN
230008806
UPID
US53-1672368
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
$3.62M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.11M
Blend (final)
Blend
$2.97M
Owner & transaction history
First Choice Retail LLC · 5 yrs held
First Choice Retail LLC
since 2020
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
IG · Leland, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.6M
+96.6%
Warehouse, storage
$4.3M
+83.9%
Apartment house (5+ units)
$4.3M
+83.3%
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 Leland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leland 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
$3,730,000
ML approach
$3,615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,355,000
Current use
AUTO REPAIR, GARAGE
$4,625,000
Change: +97% · Conversion: Easy
WAREHOUSE, STORAGE
$4,325,000
Change: +84% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,315,000
Change: +83% · Conversion: Difficult
Blend value · Realmo final
$2.97M
Range $2.67M – $3.27M · ±10% · vs last sale $2.25M (Sep 25 2020)
Last sale anchor
$2.25M
Sep 25 2020
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
$111 / 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
Property tax & assessments
Assessed value
$2,531,780
Assessed 2023
Previous assessed
$1,749,280
+44.7% YoY
Assessed land
$227,090
Assessed improvement
$2,304,690
Land market value
$227,090
Improvement market value
$2,304,690
Total market value
$2,531,780
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
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
26,664 SF
Lot
5.06 ac (220,414 SF)
Zoning code
IG
APN
230008806
UPID
US53-1672368
Jurisdiction
BRUNSWICK
Zoning & alternative use
IG · Leland, NC
Zoning IG · permitted uses
IG · Leland, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Leland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$4.6M
WAREHOUSE, STORAGE
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
1997
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
5.06 ac
Current owner
From public records · entity-resolved
First Choice Retail LLC
Entity
Mailing address
5604 DEPARTURE DR #110, RALEIGH, NC 27616-1841
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2023
—
First Choice Retail LLC
—
Deed
related
$450,000 · Townebank
Sep 25, 2020
$2,250,000
First Choice Retail LLC
Zbo Properties LLC
Special Warranty Deed
$1,997,500 · Townebank
Sep 25, 2020
$100,000
First Choice Retail LLC
Kingfish Invs Prop LLC
Grant Deed
—
Jan 24, 2020
$850,000
Pro-seal INC
James T Sniadecki
Warranty Deed
—
Aug 8, 2019
—
Zbo Properties LLC
—
Deed
related
$2,573,361 · Branch Bk&tr
Jul 19, 2018
—
Zbo Properties LLC
—
Deed
related
$545,000 · Branch Bk&tr
Dec 17, 2015
—
Zbo Properties LLC
Kingfish Investment Properties
Warranty Deed
$826,200 · Branch Bk&tr
Oct 20, 2015
$880,000
Kingfish Investment Properties
First Cmnty Bk
Grant Deed
—
Apr 30, 2014
$1,000,000
Cmnty Bk First
Dean,charles D JR & Mary K
Warranty Deed
—
Aug 14, 2006
—
Charles D Dean JR.
Dean,charles D JR & Mary K
Quit Claim Deed
related
—
—
—
Zbo Properties LLC
—
Deed Of Trust
related
$2,573,361 · Branch Bk&tr
—
—
Zbo Properties LLC
—
Deed Of Trust
related
$545,000 · 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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