Financial
Distress signals
Property profile

951 Wendell Blvd Wendell, NC 27591

FOR SALE
Manufacturing properties
Property ID
US53-1328275
103,657 SF 45.85 ac lot Built 1978
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A 106,000-square-foot industrial building located in Wendell, North Carolina, situated on a 45.85-acre lot. The property is zoned MI and is configured for industrial-related uses, including manufacturing, research and development, and data or call center operations. Access to major highways supports regional connectivity. The building includes areas previously occupied by an owner-occupant totaling 35,000 square feet and a tenant space of 12,784 square feet, with the remaining space available as additional industrial/commercial area depending on future occupancy.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$119k
Tax billed · 2024
Assessed value$11.43M
Assessed land$1.28M
Assessed improvement$10.14M
Effective rate1.04%

Value estimate

· Sep 2026
$6.95M
$6.25M – $7.64M
Submarket $/SF estimate$4.34M
NOI build-up
Gross scheduled income$1.36M
Vacancy & credit loss−$97k
Operating expenses−$380k
NOI · 5.92% cap applied$887k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$115/SF
County average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$56 – $168

Cap rate analysis

How does the asset earn?
5.92%
$887k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
MI
The Manufacturing and Industrial District is coded to permit the development and operation of light or heavy industrial or flex-space bui...
General categoryINDUSTRIAL
JurisdictionWAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop9.6
Realty agency9.6
Storage Facility9.0

Location

951 Wendell Blvd Wendell, NC 27591
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 10 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
7212 Siemens, Wendell, NC 27591-8313 $1,200,000 Jan 2024 9,600 SF
9 Hollybrook, Wendell, NC 27591 $4,527,100 Jan 2023 59,393 SF
3040 Wendell, Wendell, NC 27591-5902 $400,000 Apr 2021 9,333 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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