Entity Owned Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1947
Construction
BRICK
Total area
146,950 SF
Lot
35.16 ac (1,531,570 SF)
Zoning code
HB
APN
1738.01-27-2828 0252265
UPID
US53-1584885
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Car Rental Facility
-
Storage Facility
-
Auto Parts Store
-
Car Dealership
-
Car Rental Facility
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$22.08M
Comparable Approach
Comparable
$28.93M
Blend (final)
Blend
$27.40M
Owner & transaction history
since 2013
2 recorded transactions
Zoning & alternative use
HB · Wake Forest, NC
Zoning description
The Highway Business District is generally located on the major thoroughfares in town and provides opportunities for the provision of offices, services, and retail goods. The regulations for this district are intended to…
General category
MIXED_USE
Top alternative use upside
Retail stores
$35.1M
+26.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$27.40M
Value range
$24.66M – $30.14M
±10% around blend
Estimated value / SF
$186 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$24.66M
blend $27.40M
$30.14M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
146,950 SF
Lot area
35.16 ac
Year built
1947
Stories
1
APN
1738.01-27-2828 0252265
Zoning
HB
Assessed value
$22,819,148
Annual tax
$213,017
3
Income approach: direct capitalization
Partial preview
Income approach indication
$22.08M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$23.92M
@ 6.5% CAP return
$22.08M
@ 7% CAP return
$20.50M
4
Sales comparison
Partial preview
Sales approach indication
$28.93M
Range $24.86M – $32.20M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$27.40M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 33 sales
$188
-1%
Submarket 33 sales
$188
-1%
County 426 sales
$210
-11%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $186/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+27%
vs current-use indication
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$22.82M
Move the market yield to see immediate price impact.
Value / SF
$155
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$1.44M
$28.75M
$20.54M
$15.97M
$1.60M
$31.95M
$22.82M
$17.75M
$1.76M
$35.14M
$25.10M
$19.52M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$213,017
Tax year 2024
Assessed value
$22,819,148
Assessed 2024
Previous assessed
$22,819,148
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$5,176,712
Assessed improvement
$17,642,436
Land market value
$5,176,712
Improvement market value
$17,642,436
Total market value
$22,819,148
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1947
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
744
Total area
146,950 SF
Lot
35.16 ac (1,531,570 SF)
Zoning code
HB
APN
1738.01-27-2828 0252265
UPID
US53-1584885
Jurisdiction
WAKE
Zoning & alternative use
HB · Wake Forest, NCZoning HB · permitted uses
HB · Wake Forest, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The Highway Business District is generally located on the major thoroughfares in town and provides opportunities for the provision of offices, services, and retail goods. The regulations for this district are intended to…
General category
MIXED_USE
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1947
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
744
Lot
35.16 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
HB
MIXED_USE
Jurisdiction
Wake Forest, NC
Recorded code
HB
Official district
HB
Official district profile
What the municipal code says about HB
Zoning description
The Highway Business District is generally located on the major thoroughfares in town and provides opportunities for the provision of offices, services, and retail goods. The regulations for this district are intended to…
General category
MIXED_USE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for HB in Wake Forest, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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