Back to Search
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
Zoning description
The Neighborhood Business District is established as a district in which the principle use of land is for retail trade and services purposes of a lower intensity than the Highway Business (HB) District. Such districts are generally located near residential areas and cater to the everyday needs of nearby residential neighborhoods, stressing accessibility by a…
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
140.74 ac
Source
Realmo
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, NCZoning 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
Zoning description
The Neighborhood Business District is established as a district in which the principle use of land is for retail trade and services purposes of a lower intensity than the Highway Business (HB) District. Such districts are generally located near residential areas and cater to the everyday needs of nearby residential neighborhoods, stressing accessibility by automobiles, bicycles, and pedestrians.
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
140.74 ac
Source
Realmo
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1200 Corporate Chaplain Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
