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Property profile & analytics
OFF-MARKET
Estimated value
$2,965,000
Retail space
1040 Darrington Dr Cary, NC 27513-8135
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-1492265
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Construction
BRICK
Total area
10,754 SF
Lot
1.61 ac (70,132 SF)
Zoning code
GCCU
APN
0754.01-46-7151 0269662
UPID
US53-1492265
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
-
Sylvan Learning of Cary & Morrisville Training Center
-
NC Golf Headquarters Golf Course
-
NCGolfHQ.com Golf Course (Bike/Boat/Book/etc) Store
-
Snap Kick Martial Arts - Cary, NC Training Center Sports School
-
Peak Weight Loss Weight Loss Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.46M
Blend (final)
Blend
$2.97M
Owner & transaction history
Hd Depot LLC · 2 yrs held
Hd Depot LLC
since 2024
Last sale
$3.0M
5 recorded transactions
Zoning & alternative use
GCCU · 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
$2,965,000
ML approach
$2,965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,545,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$2.97M
Range $2.67M – $3.26M · ±10% · vs last sale $2.97M (Apr 18 2024)
Last sale anchor
$2.97M
Apr 18 2024
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
$276 / 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
$18,424
Tax year 2023
Assessed value
$1,838,678
Assessed 2023
Previous assessed
$1,838,678
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,563,944
Assessed improvement
$274,734
Land market value
$1,563,944
Improvement market value
$274,734
Total market value
$1,838,678
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
2001
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
10,754 SF
Lot
1.61 ac (70,132 SF)
Zoning code
GCCU
APN
0754.01-46-7151 0269662
UPID
US53-1492265
Jurisdiction
WAKE
Zoning & alternative use
GCCU · Cary, NC
Zoning GCCU · permitted uses
GCCU · 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
AUTO REPAIR, GARAGE
Est. value
$4.5M
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
2001
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.61 ac
Current owner
From public records · entity-resolved
Hd Depot LLC
Entity
Mailing address
5540 CENTERVIEW DR STE #204, RALEIGH, NC 27606-8012
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2024
$2,965,000
Hd Depot LLC
Hamilton Preston Walk LLC
Special Warranty Deed
$1,482,500 · First Citizens Bank & Trust Co
Jul 6, 2021
—
Hamilton Preston Walk LLC
—
Deed
related
$6,000,000 · Capital Bank NA
Sep 17, 2020
$3,162,500
Hamilton Preston Walk LLC
Csmc 2006-c5 Retail 1040 LLC
Grant Deed
—
Oct 29, 2014
$5,000,000
Csmc 2006-c5 Retail 1040 LLC
Wooten Louis E III
Trustees Deed
—
Oct 6, 2006
$6,500,000
Sbj-preston Walk LLC
Preston Corners LLC
Grant Deed
related
$4,815,000 · Column Financial INC
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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