Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    115 Allforth Pl Cary, NC 27519-5421

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    115 Allforth Pl Cary, NC 27519-5421

    View on Map
    • Golf courses & driving ranges
    • 24,244 SF
    • 2.08 lot acres
    Off-Market
    Property ID
    US53-1200752
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,030,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bradford Hall at Carolina Preserve / Community Center
    • Carolina Preserve at Amberly / Construction Company / General Contractor

    Property Details for 115 Allforth Pl

    Year built
    2007
    Construction
    WOOD
    Lot size
    2.08 lot acres
    Property size
    24,244 SF
    Zone code
    PDDMAJOR
    Property type
    Golf courses & driving ranges
    APN
    83650
    APU
    83650

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,030,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Chatham
    State
    North Carolina
    Longitude
    -78.9145
    Latitude
    35.8309
    CBSA code
    20500
    CBSA name
    DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $67,717
    $208
    $6,574,219
    $6,574,427
    -
    $208
    $6,574,219
    $6,574,427

    Comparable in this City

    • Value Estimation by Request
      3,759 SF

      1601 Vineyard Mist Dr

      COUNTRY CLUB • 3,759 SF
      1601 Vineyard Mist Dr, Cary, NC 27519-6998
      View Details
    • Value Estimation by Request
      2,592 SF

      8527 Grn Level Church Rd

      COUNTRY CLUB • 2,592 SF
      8527 Grn Level Church Rd, Cary, NC 27519
      View Details
    • Value Estimation by Request
      0.06 Acres

      Nc 55th Hwy

      SBE - SPECIAL ASSESSMENTS • 0.06 Acres
      Nc 55th Hwy, Cary, NC 27519
      View Details
    • Value Estimation by Request
      5,204 SF

      101 Ledgestone Way

      SHOPPING CENTER, STRIP CENTER • 5,204 SF
      101 Ledgestone Way, Cary, NC 27519-8415
      View Details
    • Value Estimation
      $5,760,000
      22,344 SF

      1900 Dominion Oak Cir

      GARDEN APT, COURT APT (5+ UNITS) • 22,344 SF
      1900 Dominion Oak Cir, Cary, NC 27519
      View Details
    • Value Estimation
      $4,525,000
      30,063 SF

      7560 Carpenter Fire Sta Rd Ste, Unit 201

      MEDICAL BUILDING • 30,063 SF
      7560 Carpenter Fire Sta Rd Ste, Cary, NC 27519-9637
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale in Cary

      Land for sale with frontage on NC Hwy 55.
      4417 Nc-55 Hwy, Cary, NC 27519
      View Details
    • $1,250,000

      Cary Land For Sale

      Land for sale with frontage on NC Hwy 55.
      4417 Nc 55 Hwy, Cary, NC 27519
      View Details
    • Contact for pricing

      Class A Office Building

      New Class A office building in desirable Cary location.
      150 Wellesley Ln, Cary, NC 27519
      View Details
    • $468,000

      Land For Sale in Cary

      Land available in Cary, North Carolina.
      6716 Valley Woods Ln, Cary, NC 27519
      View Details
    • $650,000
      Pending

      Cary Land: Build Your Dream

      Private 4.93-acre lot in prime West Cary location.
      1123 Wake Robin Ln, Cary, NC 27519
      View Details
    • $468,000
      2.37 Acres

      Cary Estate Lot Opportunity

      Large 2.37 acre estate lot near RTP and Cary.
      6716 Valley Woods Ln, Cary, NC 27519
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Medical Office Building

      Three-story medical office building with variety of medical tenants.
      7560 Carpenter Fire Station Rd, Cary, NC 27519
      View Details
    • Contact for pricing

      Retail Space in Cary, NC

      Retail spaces available in a well-located Cary shopping center.
      High House Rd And Hwy 55, Cary, NC 27519
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail property available for lease in Cary, North Carolina.
      7750 Mccrimmon Pkwy, Cary, NC 27519
      View Details
    • Contact for pricing

      Retail Space on Highway 55

      Retail property available for rent on Highway 55.
      55 & Grn Level Rd W, Cary, NC 27519
      View Details
    • $22 SF/Yr

      Cary Office Space Available

      Medical/general office space for lease in Cary, North Carolina.
      351 Wellesley Trade Ln, Cary, NC 27519
      View Details
    • Contact for pricing
      130,725 SF

      Flex/Light Industrial Development Available

      Flex/Light Industrial development adjacent to Research Triangle Park, Cary, NC.
      4000 Park Overlook Way, Cary, NC 27519
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    115 Allforth Pl
    Cary, NC 27519-5421
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    115 Allforth Pl, Cary, NC, 27519

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!