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Property profile & analytics
FOR LEASE
Retail space
105 Baines Ct Cary, NC 27511
Entity Owned
~
Est. High Equity
Property ID
US53-1720645
For Lease
1 / 24
$9,800/Mo
105 Baines Ct, Cary, NC 27511
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Property summary
AI-generated overview
This exceptional two-story commercial property, located at 105 Baines Ct in Cary, North Carolina (27511), presents a fantastic investment opportunity. Built in 2004, the 7,328 square foot building sits on a 0.71-acre lot and offers a prime location near the intersection of SW Cary Parkway and Kildaire Farm Road. Previously used as a salon, this versatile space is adaptable to a wide range of retail businesses, making it an ideal investment for savvy entrepreneurs. The building's two stories provide ample space for various configurations, catering to diverse business needs. The asking price for this remarkable property is $2,950,000. Its strategic location in the thriving Cary market ensures high visibility and accessibility, promising strong returns for the discerning investor. The property's size and adaptability make it a truly unique opportunity in a highly desirable area of Wake County. Don't miss this chance to acquire a well-situated, versatile commercial property in a rapidly growing market.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Construction
BRICK
Total area
7,192 SF
Lot
0.71 ac (30,928 SF)
Zoning code
OIP
APN
0763.19-50-0495 0132210
UPID
US53-1720645
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
-
Tanas Hair Designs & Day Spa Hair Salon
-
Essence of Skin Electrolysis Hair Salon Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
$705k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$805k
Owner & transaction history
Fg Realty LLC
Fg Realty LLC
since 2025
4 recorded transactions
Zoning & alternative use
OIP · Cary, NC
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
$585,000
CAP Approach
CAP Return
Estimation
6%
$765,000
6.5%
$705,000
7%
$655,000
Blend value · Realmo final
$805k
Range $725k – $886k · ±10%
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
$112 / 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
$12,333
Tax year 2023
Assessed value
$1,230,880
Assessed 2023
Previous assessed
$1,230,880
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$309,280
Assessed improvement
$921,600
Land market value
$309,280
Improvement market value
$921,600
Total market value
$1,230,880
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
For Lease
Year built
2004
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
7,192 SF
Lot
0.71 ac (30,928 SF)
Zoning code
OIP
APN
0763.19-50-0495 0132210
UPID
US53-1720645
Jurisdiction
WAKE
Zoning & alternative use
OIP · Cary, NCZoning OIP · permitted uses
OIP · 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
Building & site characteristics
From public records
Year built
2004
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.71 ac
Current owner
From public records · entity-resolved
Fg Realty LLC
Entity
Mailing address
7000 HARPS ML RD STE #101, RALEIGH, NC 27615-3241
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2025
$2,000,000
Fg Realty LLC
Tanas Properties LLC
Special Warranty Deed
$500,000 · The Fidelity Bank
Dec 19, 2003
—
Tanas Properties LLC
—
Deed Of Trust
related
—
Dec 18, 2003
—
Tanas Properties LLC
Tanas,hair D
Quit Claim Deed
related
—
—
—
Tanas Properties LLC
—
Deed Of Trust
related
$563,197 · Suntrust Bank NA
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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