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Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Manufacturing properties
109 Mackenan Dr, Cary, NC 27511-7903
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2190217
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1990
Construction
BRICK
Total area
30,194 SF
Lot
8.19 ac (356,756 SF)
Zoning code
ORD
APN
0752.15-72-1822 0179220
UPID
US53-2190217
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
-
Johnson Subaru of Cary Tire Shop (Bike/Boat/Book/etc) Store Auto Parts Store
-
Johnson Subaru of Cary Oil Change Auto Repair Shop
-
Johnson Subaru of Cary Car Dealership
-
Johnson Subaru of Cary Service Center Auto Repair Shop
-
Johnson Subaru of Cary Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$985k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.27M
Owner & transaction history
Scarlet Moon LLC · 10 yrs held
Scarlet Moon LLC
since 2016
7 recorded transactions
Zoning & alternative use
ORD · 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
by Request
ML approach
$985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±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
$42 / 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
$45,732
Tax year 2023
Assessed value
$4,564,054
Assessed 2023
Previous assessed
$4,564,054
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$2,140,536
Assessed improvement
$2,423,518
Land market value
$2,140,536
Improvement market value
$2,423,518
Total market value
$4,564,054
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1990
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
30,194 SF
Lot
8.19 ac (356,756 SF)
Zoning code
ORD
APN
0752.15-72-1822 0179220
UPID
US53-2190217
Jurisdiction
WAKE
Zoning & alternative use
ORD · Cary, NC
Zoning ORD · permitted uses
ORD · 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.
Building & site characteristics
From public records
Year built
1990
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
8.19 ac
Current owner
From public records · entity-resolved
Scarlet Moon LLC
Entity
Free & Clear · 10 yrs held
Mailing address
5839 CAPITAL BLVD, RALEIGH, NC 27616-2937
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2023
—
Scarlet Moon LLC
—
Deed
related
$218,879 · Toyota Motor Credit Corp
Jul 1, 2020
—
Hendrick Automotive Group
—
Deed
related
$2,653,184 · Ally Bk
Jan 8, 2020
—
Scarlet Moon LLC
—
Deed Of Trust
related
$10,098,000 · Toyota Motor Credit
Aug 7, 2017
—
Scarlet Moon LLC
—
Grant Deed
related
$8,280,000 · Toyota Motor Credit
May 2, 2016
$639,500
Scarlet Moon LLC
Gurganus,stephen J
Grant Deed
—
May 2, 2016
$430,500
Scarlet Moon LLC
Gurganus-mcquaid Chari Trust
Grant Deed
—
May 2, 2016
$1,233,500
Scarlet Moon LLC
Gurganus Helen B Trust
Grant Deed
—
May 2, 2016
$730,000
Scarlet Moon LLC
Gurganus,albert E & Susan P
Grant Deed
—
May 2, 2016
$160,000
Scarlet Moon LLC
Ccf Properties LLC
Grant Deed
—
May 2, 2016
—
Scarlet Moon LLC
Gurganus Helen B Trust
Grant Deed
related
—
Feb 29, 2016
—
Gurganus-mcquaid Charitable Trust
Gurganus,stephen J
Quit Claim Deed
related
—
Aug 19, 2015
—
Gurganus,helen B Trust
New River Venture LLC
Grant Deed
related
—
Jan 16, 2002
—
New River Venture LLC
New River Ventur
Quit Claim Deed
related
—
Sep 19, 2000
$2,645,000
Gurganus,helen B Trustee E
—
Grant Deed
related
—
—
—
Scarlet Moon LLC
—
Deed Of Trust
related
$13,149,000 · Toyota Motor Credit
—
—
Hendrick Automotive Group
—
Loan Modification
related
$2,653,184 · Ally 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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