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Property profile & analytics
OFF-MARKET
Estimated value
$4,275,000
Day care centers
1200 Corporate Chaplain Dr, Wake Forest, NC 27587-9169
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-2384479
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2012
Construction
BRICK
Total area
11,100 SF
Lot
1.96 ac (85,378 SF)
Zoning code
NB
APN
1840.09-06-4951 0363414
UPID
US53-2384479
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
-
The Learning Experience - Wake Forest Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.85M
Blend (final)
Blend
$4.28M
Owner & transaction history
7hillswakeforest LLC · 1 yrs held
7hillswakeforest LLC
since 2024
Last sale
$4.3M
6 recorded transactions
Zoning & alternative use
NB · Wake Forest, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.1M
+97.9%
Restaurant
$6.0M
+93.9%
Auto repair, garage
$3.8M
+24.1%
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 Wake Forest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wake Forest 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
$4,275,000
ML approach
$4,275,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$3,090,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,115,000
Change: +98% · Conversion: Difficult
RESTAURANT
$5,990,000
Change: +94% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,835,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,690,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$3,605,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$2,650,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.28M
Range $3.85M – $4.70M · ±10% · vs last sale $4.27M (Dec 18 2024)
Last sale anchor
$4.27M
Dec 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
$385 / 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
$39,520
Tax year 2023
Assessed value
$3,401,029
Assessed 2023
Previous assessed
$3,401,029
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$597,646
Assessed improvement
$2,803,383
Land market value
$597,646
Improvement market value
$2,803,383
Total market value
$3,401,029
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2012
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
11,100 SF
Lot
1.96 ac (85,378 SF)
Zoning code
NB
APN
1840.09-06-4951 0363414
UPID
US53-2384479
Jurisdiction
WAKE
Zoning & alternative use
NB · Wake Forest, NC
Zoning NB · permitted uses
NB · Wake Forest, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wake Forest. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
RESTAURANT
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.6M
RETAIL STORES
Est. value
$2.7M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
2012
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.96 ac
Current owner
From public records · entity-resolved
7hillswakeforest LLC
Entity
Mailing address
5302 HIGHCROFT DR, CARY, NC 27519-8825
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2024
$4,274,000
7hillswakeforest LLC
1200ccd LLC
Special Warranty Deed
$3,420,000 · The Fidelity Bank
Aug 17, 2021
—
1200ccd LLC
—
Deed
related
$3,000,000 · The Fidelity Bank
Mar 28, 2018
$3,475,000
1200ccd LLC
New Sky LLC
Warranty Deed
$2,953,750 · North St Bk
Dec 22, 2015
$3,000,000
New Sky LLC
Chaucer Invs LLC
Grant Deed
$2,400,000 · Bank Of Nc
Oct 26, 2011
—
Chaucer Investments LLC
—
Trustees Deed
related
$1,975,000 · Branch Banking & Trust Co
May 19, 2011
$480,000
Chaucer Investments LLC
Siena Crossing LLC
Warranty Deed
—
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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