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    Property profile & analytics

    251 Wellesley Trade Ln Cary, NC 27519

    • Commercial real estate
    • 1.19 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1130837
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 251 Wellesley Trade Ln

    Lot size
    1.19 lot acres
    Property type
    Commercial real estate
    APN
    0734729341

    Description

    This exceptional 1.19-acre commercial land parcel in Cary, NC, presents a remarkable investment opportunity. Located at 251 Wellesley Trade Lane, this property boasts a prime location at the intersection of NC 55 Hwy and Green Level West Road, offering convenient access to major thoroughfares. It's just one mile from NC 540 Hwy and three miles from US 64 Hwy, ensuring excellent connectivity for businesses and employees. The property's strategic positioning near the new Duke Health medical campus, a 40-bed hospital on Green Level West Road, further enhances its appeal. The site is zoned for Office & Institutional Conditional Use, making it ideal for a variety of commercial developments, including medical offices, professional offices, or daycare facilities. Utilities are readily available on-site, simplifying the development process. The property's Wake County PIN is 0734729341. With its exceptional location, versatile zoning, and proximity to key infrastructure and healthcare facilities, this land parcel represents a compelling investment opportunity for developers seeking a high-growth area in Cary. The asking price is $735,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.871576614564
    Latitude
    35.789535039587

    Comparable in this City

    • $470,000
      2.37 Acres

      Wake County Estate Lot

      2.37 acre estate lot near RTP and Cary.
      6716 Valley Woods Ln, Cary, NC 27519
      View Details
    • $1,250,000
      1.98 Acres

      Cary Commercial Land - Hwy 55 Frontage

      Prime 1.98-acre commercial lot near I-540.
      4417 Nc-55 Hwy, Cary, NC 27519
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    • $1,250,000
      1 SF

      Cary Land For Sale

      Land for sale with frontage on NC Hwy 55.
      4417 Nc 55 Hwy, Cary, NC 27519
      View Details
    • $1,400,000
      0.82 Acres

      Cary Commercial Land - $1.4M

      0.824-acre pad-ready site in Cary, NC.
      2310 Davis Dr, Cary, NC 27519
      View Details
    • New
      $6,874,000
      11.31 Acres

      Prime Cary Development Opportunity

      11.31 acres in Cary near Beaver Creek and RTP.
      700 Oak Ridge Dr, Cary, NC 27519
      View Details
    • $57,455
      5.00 Acres

      Prime Cary Office Space - West Cary

      Class A Office, Excellent Location, High Demand
      150 Wellesley Ln, Cary, NC 27519
      View Details

    Similar Nearby for Sale

    • $1,250,000
      1.98 Acres

      Cary Commercial Land - Hwy 55 Frontage

      Prime 1.98-acre commercial lot near I-540.
      4417 Nc-55 Hwy, Cary, NC 27519
      View Details
    • $1,250,000
      1 SF

      Cary Land For Sale

      Land for sale with frontage on NC Hwy 55.
      4417 Nc 55 Hwy, Cary, NC 27519
      View Details
    • $470,000
      2.37 Acres

      Wake County Estate Lot

      2.37 acre estate lot near RTP and Cary.
      6716 Valley Woods Ln, Cary, NC 27519
      View Details
    • $1,400,000
      0.82 Acres

      Cary Commercial Land - $1.4M

      0.824-acre pad-ready site in Cary, NC.
      2310 Davis Dr, Cary, NC 27519
      View Details
    • New
      $6,874,000
      11.31 Acres

      Prime Cary Development Opportunity

      11.31 acres in Cary near Beaver Creek and RTP.
      700 Oak Ridge Dr, Cary, NC 27519
      View Details
    • $495,000

      Cary Villa in Active Community

      Villa in 55+ community with upgrades and private lot.
      753 Finnbar Dr, Cary, NC 27519
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      6,644 SF

      1200 Gathering Park Cir

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    • Contact for pricing
      82,566 SF

      High House Crossing Retail Center

      Thriving retail center, multiple spaces available.
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    • $22 SF/Yr
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      Cary Retail & Office Opportunity

      Prime Cary location, 7 spaces available.
      2301 Corley Rd, Cary, NC 27519
      View Details
    • $2,795 /Mo
      2,150 SF

      New Townhome Near Morrisville Parkway

      Light-filled, new townhome near Morrisville Pkwy and Hwy 540 exit.
      2806 Kempthorne Rd, Cary, NC 27519
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    • $1,995 /Mo

      Cary Home Near Top Schools

      2-bedroom home in desirable Cary neighborhood, near schools and amenities.
      1009 Remington Oaks Cir, Cary, NC 27519
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    • Contact for pricing

      Cary Retail Space Available

      Retail spaces available in Parkside Town Commons, Cary, NC.
      7129 Okelly Chapel Rd, Cary, NC 27519
      View Details
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    251 Wellesley Trade Ln
    Cary, NC 27519
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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