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Property profile & analytics
FOR LEASE
Office buildings
1203 Northwest Maynard Rd Cary, NC 27513
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-0562323
For Lease
1 / 7
$26,500,000
1203 Northwest Maynard Rd, Cary, NC 27513
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
BRICK
Total area
6,500 SF
Lot
1.77 ac (77,101 SF)
Zoning code
GCCU
APN
0754.19-60-1331 0214250
UPID
US53-0562323
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
-
Deborah Bassham Dental Office
-
Dr. Eric Rivera Dental Office
-
Dr. Allan Bacon Dental Office
-
Eric Mcallister Rivera Dental Office
-
Alexander Reuben Edelmann Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$26.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.50M
Owner & transaction history
Maynard Crossing Owner LLC · 2 yrs held
Maynard Crossing Owner LLC
since 2024
Last sale
$26.5M
6 recorded transactions
Zoning & alternative use
GCCU · Cary, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
4.4.2 Mixed Use Overlay
Top alternative use upside
Apartment house (5+ units)
$25.2M
+1,642.2%
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
$26,500,000
ML approach
$26,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$25,230,000
Change: +1,642% · Conversion: Easy
Blend value · Realmo final
$26.50M
Range $23.85M – $29.15M · ±10% · vs last sale $26.50M (Jan 10 2024)
Last sale anchor
$26.50M
Jan 10 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
$4,077 / 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
$19,067
Tax year 2023
Assessed value
$1,902,866
Assessed 2023
Previous assessed
$1,902,866
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,102,544
Assessed improvement
$800,322
Land market value
$1,102,544
Improvement market value
$800,322
Total market value
$1,902,866
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1996
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
6,500 SF
Lot
1.77 ac (77,101 SF)
Zoning code
GCCU
APN
0754.19-60-1331 0214250
UPID
US53-0562323
Jurisdiction
WAKE
Zoning & alternative use
GCCU · Cary, NCZoning GCCU · permitted uses
GCCU · 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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$25.2M
APARTMENT HOUSE (5+ UNITS)
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
1996
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.77 ac
Current owner
From public records · entity-resolved
Maynard Crossing Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
62 LASALLE RD STE #210, WEST HARTFORD, CT 06107-2306
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
Jan 10, 2024
$26,500,000
Maynard Crossing Owner LLC
New Market Maynard LP
Special Warranty Deed
—
Sep 5, 2017
$29,925,000
New Market-maynard LLC
Us Regency Maynard Crossing Ll
Grant Deed
—
Sep 5, 2017
—
New Market-maynard LLC
Us Regency Maynard Crossing Ll
Quit Claim Deed
related
$18,500,000 · Miscellaneous Ins Co
Dec 15, 2016
—
Us Regency Maynard Crossing Ll
Us Regency Retail I LLC
Quit Claim Deed
related
—
Dec 30, 2009
—
Us Regency Retail I LLC
—
Deed Of Trust
related
$8,937,500 · Aviva Life & Annuity Co
Nov 4, 2009
$17,875,000
Us Regency Retail I LLC
Regency Centers
Grant Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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