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    1207 Kildaire Farm Rd Cary, NC 27511-7704

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    1207 Kildaire Farm Rd Cary, NC 27511-7704

    View on Map
    • Strip malls
    • 12,285 SF
    • 5.65 lot acres
    Off-Market
    Property ID
    US53-0516189
    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
    $915,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Alfa Jae Salon / Hair Salon
    • Anytime Fitness / Gym & Fitness Center
    • Kildaire Plaza / Business Service Center / Corporate Office
    • Moonlight Fine Arts Permanent make-up, piercings & laser free tattoo removal / Tattoo & Piercing Shop
    • Empress Beauty Lounge / Nail Salon

    Property Details for 1207 Kildaire Farm Rd

    Year built
    1979
    Construction
    CONCRETE BLOCKS
    Lot size
    5.65 lot acres
    Property size
    12,285 SF
    Zone code
    GCP
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    0763.14-42-6927 0107584
    APU
    763144269270107584

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $660,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $631,000
      Market price range: $378k - $985k

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

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7822
    Latitude
    35.7638
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, 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
    $62,707
    $4,651,555
    $1,606,628
    $6,258,183
    -
    $4,651,555
    $1,606,628
    $6,258,183

    Comparable in this City

    • Value Estimation
      $1,200,000
      14,960 SF

      682 Cary Towne Blvd

      SHOPPING CENTER, STRIP CENTER • 14,960 SF
      682 Cary Towne Blvd, Cary, NC 27511-4220
      View Details
    • Value Estimation
      $2,045,000
      28,144 SF

      657 Cary Towne Blvd

      SHOPPING CENTER, STRIP CENTER • 28,144 SF
      657 Cary Towne Blvd, Cary, NC 27511-4219
      View Details
    • Value Estimation
      $915,000
      12,320 SF

      720 Fenton Market Way

      SHOPPING CENTER, STRIP CENTER • 12,320 SF
      720 Fenton Market Way, Cary, NC 27511-7749
      View Details
    • Value Estimation
      $1,475,000
      22,446 SF

      1225 Kildaire Farm Rd

      SHOPPING CENTER, STRIP CENTER • 22,446 SF
      1225 Kildaire Farm Rd, Cary, NC 27511-5523
      View Details
    • Value Estimation
      $905,000
      15,390 SF

      167 High House Rd

      SHOPPING CENTER, STRIP CENTER • 15,390 SF
      167 High House Rd, Cary, NC 27511
      View Details
    • Value Estimation
      $30,240,000
      11,859 SF

      107 Edinburgh S Dr

      SHOPPING CENTER, STRIP CENTER • 11,859 SF
      107 Edinburgh S Dr, Cary, NC 27511-8426
      View Details

    Similar Nearby for Sale

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      New Retail Strip Center ForSale

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      Retail Space in Downtown Cary

      Retail space in a mixed-use development in downtown Cary.
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      Cary Retail Building - Investment Opportunity

      Prime Cary location, 7,328 sq ft, two-story retail building.
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      40,000 SF

      Retail Space Available

      40,000 SqFt retail space for sale.
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      Downtown Cary Mixed-Use Development

      New office and retail spaces in downtown Cary.
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    Similar Nearby for Lease

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      Pad ready for sublease in Cary's Fenton Gateway.
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      Retail Space with Patio

      Endcap retail space with patio, near major retailers and apartments.
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      Freestanding Retail Building in Cary

      2,700 SF retail building with high visibility in Cary.
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      767 SF

      Retail Space Available For Rent

      Retail property with 767 square feet available for rent.
      159 East Chatham St, Cary, NC 27511
      View Details
    • Contact for pricing
      3,977 SF

      Downtown Cary Retail Space

      Mixed-use development with retail space in growing Downtown Cary.
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      Retail Space Available For Lease

      Retail property available for lease in Cary, North Carolina.
      107 Edinburgh South Dr, Cary, NC 27511
      View Details

    Property Visit Statistics

    • Visits by month
      12.0k
    • Visitors by month
      11.0k
    • Avg Time on site
      64 min
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    Cary, NC 27511-7704
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    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
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