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Property profile & analytics
FOR LEASE
Warehouses
102 Woodwinds Industrial Ct, Cary, NC 27511
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5421337
For Lease
1 / 2
$1,905,000
102 Woodwinds Industrial Ct, Cary, NC 27511
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
CONCRETE BLOCKS
Total area
12,000 SF
Lot
1.18 ac (51,401 SF)
Zoning code
I
APN
0753.18-32-6067 0142020
UPID
US53-5421337
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
-
ENCO Laboratories Laboratory Environmental Program
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.36M
CAP Approach
CAP
$1.44M
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.91M
Owner & transaction history
Woodwinds Industrial LLC · 2 yrs held
Woodwinds Industrial LLC
since 2023
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
I · Cary, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,350,000
ML approach
$2,360,000
CAP Approach
CAP Return
Estimation
6%
$1,555,000
6.5%
$1,435,000
7%
$1,330,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,725,000
Current use
Blend value · Realmo final
$1.91M
Range $1.71M – $2.10M · ±10% · vs last sale $1.85M (Aug 1 2023)
Last sale anchor
$1.85M
Aug 1 2023
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
$159 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$16,014
Tax year 2024
Assessed value
$1,909,875
Assessed 2024
Previous assessed
$1,909,875
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$321,256
Assessed improvement
$1,588,619
Land market value
$321,256
Improvement market value
$1,588,619
Total market value
$1,909,875
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1985
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
12,000 SF
Lot
1.18 ac (51,401 SF)
Zoning code
I
APN
0753.18-32-6067 0142020
UPID
US53-5421337
Jurisdiction
WAKE
Zoning & alternative use
I · Cary, NC
Zoning I · permitted uses
I · Cary, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cary. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.7M
WAREHOUSE, STORAGE Current
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
1985
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.18 ac
Current owner
From public records · entity-resolved
Woodwinds Industrial LLC
Entity
Free & Clear · 2 yrs held
Mailing address
500 CARDINAL DR, RALEIGH, NC 27604-2210
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2023
—
Woodwinds Industrial LLC
—
Deed
related
$2,400,000 · Summit Cu
Aug 25, 2023
—
Woodwinds Industrial LLC
—
Deed
related
$400,000 · Hb Properties & Exchanges LLC
Aug 1, 2023
—
Woodwinds Industrial LLC
Enco Woodwinds LLC
Special Warranty Deed
—
Jan 17, 2023
$1,850,000
Woodwinds Holdings LLC
Enco Woodwinds LLC
Special Warranty Deed
$1,225,000 · Security National Life Insurance Co
Oct 8, 2018
—
Enco Woodwinds LLC
—
Deed
related
$757,024 · United Legacy Bk
Sep 16, 2008
$1,200,000
Enco Woodwinds LLC
Woodwinds Associates
Warranty Deed
related
$1,200,000 · M&i Marshall & Ilsley Bk
—
—
Enco Woodwinds LLC
—
Loan Modification
related
$1,029,604 · United Legacy Bank
—
—
Enco Woodwinds LLC
—
Loan Modification
related
$757,024 · United Legacy 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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