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Property profile & analytics
OFF-MARKET
Estimated value
$8,335,000
Drug stores
1210 Kildaire Farm Rd Cary, NC 27511-5524
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-5307972
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2007
Construction
BRICK
Total area
14,820 SF
Lot
2.03 ac (88,427 SF)
Zoning code
GCM
APN
0763.14-43-0210 0116986
UPID
US53-5307972
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
-
Walgreens Pharmacy Pharmacy
-
FedEx OnSite Postal Service Courier Service
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Jina Jung, PharmD Pharmacy
-
Samantha Tulino, PharmD Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.02M
Blend (final)
Blend
$8.34M
Owner & transaction history
Milestone Conoca Holdings LLC · 3 yrs held
Milestone Conoca Holdings LLC
since 2022
Last sale
$7.8M
6 recorded transactions
Zoning & alternative use
GCM · Cary, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.8M
+27.9%
Neighborhood: shopping center
$8.2M
+19.3%
Restaurant
$7.7M
+12.7%
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
$8,400,000
ML approach
$8,685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,850,000
Current use
COMMERCIAL (GENERAL)
$8,760,000
Change: +28% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$8,165,000
Change: +19% · Conversion: Moderate
RESTAURANT
$7,720,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,260,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$8.34M
Range $7.50M – $9.17M · ±10% · vs last sale $7.79M (Oct 24 2022)
Last sale anchor
$7.79M
Oct 24 2022
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
$562 / 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
$58,307
Tax year 2023
Assessed value
$5,819,111
Assessed 2023
Previous assessed
$5,819,111
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,414,029
Assessed improvement
$4,405,082
Land market value
$1,414,029
Improvement market value
$4,405,082
Total market value
$5,819,111
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2007
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
14,820 SF
Lot
2.03 ac (88,427 SF)
Zoning code
GCM
APN
0763.14-43-0210 0116986
UPID
US53-5307972
Jurisdiction
WAKE
Zoning & alternative use
GCM · Cary, NC
Zoning GCM · permitted uses
GCM · Cary, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cary. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.9M
COMMERCIAL (GENERAL)
Est. value
$8.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.2M
RESTAURANT
Est. value
$7.7M
AUTO REPAIR, GARAGE
Est. value
$6.3M
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
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
2007
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.03 ac
Current owner
From public records · entity-resolved
Milestone Conoca Holdings LLC
Entity
Mailing address
500 LA GONDA WAY STE #207, DANVILLE, CA 94526-1729
Ownership since
2022
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
Oct 24, 2022
$7,789,500
Milestone Conoca Holdings LLC
1210 Cary LLC
Special Warranty Deed
$7,950 · American State Bank
Aug 5, 2022
$7,789,500
1210 Cary LLC
Via Estrada Of Cary LLC
Special Warranty Deed
$4,555,000 · Wintrust Bank NA
Aug 5, 2022
—
Walgreen Co
1210 Cary LLC
Lease
$205,000 · Wintrust Bank NA
Aug 2, 2017
—
Via Estrada Of Cary LLC
—
Deed
related
$3,045,000 · Tiaa Fsb
Dec 31, 2007
$5,870,000
Via Estrada Of Cary LLC
Lrc Kildaire Investors LLC
Grant Deed
$2,985,000 · Midfirst Bank State Savings Bk
—
—
Via Estrada Of Cary LLC
—
Deed Of Trust
related
$3,045,000 · Tiaa Fsb
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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