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Property profile & analytics
OFF-MARKET
Estimated value
$2,520,000
Retail space
102 Baines Ct Cary, NC 27511-6625
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-5800449
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,170 SF
Lot
0.92 ac (40,075 SF)
Zoning code
GCP
APN
0763.18-40-7775 0132207
UPID
US53-5800449
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
Current use
Occupant on record · Public records
-
CarWash Quickies Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$2.52M
Owner & transaction history
Arbutina Investments Raleigh LLC · 4 yrs held
Arbutina Investments Raleigh LLC
since 2021
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
GCP · Cary, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
4.4.2 Mixed Use Overlay
Top alternative use upside
Commercial (general)
$3.1M
+27.9%
Neighborhood: shopping center
$2.9M
+19.3%
Restaurant
$2.7M
+12.7%
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 Cary submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cary 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,390,000
Current use
COMMERCIAL (GENERAL)
$3,055,000
Change: +28% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,850,000
Change: +19% · Conversion: Moderate
RESTAURANT
$2,695,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,185,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$2.52M
Range $2.27M – $2.77M · ±10% · vs last sale $2.90M (Dec 21 2021)
Last sale anchor
$2.90M
Dec 21 2021
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
$487 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$7,499
Tax year 2023
Assessed value
$748,381
Assessed 2023
Previous assessed
$748,381
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$400,750
Assessed improvement
$347,631
Land market value
$400,750
Improvement market value
$347,631
Total market value
$748,381
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
5,170 SF
Lot
0.92 ac (40,075 SF)
Zoning code
GCP
APN
0763.18-40-7775 0132207
UPID
US53-5800449
Jurisdiction
WAKE
Zoning & alternative use
GCP · Cary, NCZoning GCP · permitted uses
GCP · Cary, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
4.4.2 Mixed Use Overlay
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
RESTAURANT
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.2M
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Arbutina Investments Raleigh LLC
Entity
Mailing address
13200 STRICKLAND RD STE #114, RALEIGH, NC 27613-5212
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2022
—
Arbutina Investments Raleigh LLC
—
Deed
related
$2,700,000 · The Fidelity Bank
Dec 21, 2021
$2,900,000
Arbutina Investments Raleigh LLC
Oceanside Holdings LLC
Special Warranty Deed
—
Jun 18, 2018
—
Oceanside Holdings LLC
—
Deed
related
$999,000 · Fidelity Bk
Apr 2, 2018
—
Oceanside Holdings LLC
—
Deed
related
$250,000 · Fidelity Bk
Nov 3, 2017
—
Oceanside Holdings LLC
—
Trustees Deed
related
$175,000 · Fidelity Bk
Jan 6, 2017
—
Oceanside Holdings LLC
—
Deed
related
$175,000 · Fidelity Bk
Apr 12, 2012
—
Oceanside Holdings LLC
Morgan,anthony D & Melanie Q
Warranty Deed
related
$1,000,000 · Branch Banking & Trust Co
May 20, 2005
$1,332,000
Anthony D Morgan
Ras Rental
Warranty Deed
$1,331,287 · Wachovia Bank NA
—
—
Oceanside Holdings LLC
—
Deed Of Trust
related
$347,000 · Fidelity Bk
—
—
Oceanside Holdings LLC
—
Deed Of Trust
related
$762,000 · Fidelity Bk
—
—
Oceanside Holdings LLC
—
Deed Of Trust
related
$400,000 · Branch Banking & Trust Co
—
—
Oceanside Holdings LLC
—
Deed Of Trust
related
$175,000 · Fidelity Bk
—
—
Oceanside Holdings LLC
—
Deed Of Trust
related
$250,000 · Fidelity Bk
—
—
Oceanside Holdings LLC
—
Deed Of Trust
related
$999,000 · Fidelity Bk
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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