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Property profile & analytics
OFF-MARKET
Estimated value
$5,270,000
Office buildings
1300 Corporate Chaplain Dr Wake Forest, NC 27587-6596
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1096426
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Construction
FRAME
Total area
16,536 SF
Lot
5.76 ac (250,906 SF)
Zoning code
NB
APN
1840.09-06-1803 0363413
UPID
US53-1096426
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
-
Corporate Chaplains of America Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.49M
CAP Approach
CAP
$4.17M
Comparable Approach
Comparable
$4.26M
Blend (final)
Blend
$5.27M
Owner & transaction history
Cuenca Investing LLC · 3 yrs held
Cuenca Investing LLC
since 2023
Last sale
$6.5M
2 recorded transactions
Zoning & alternative use
NB · Wake Forest, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.7M
+59.4%
Commercial (general)
$5.5M
+53.5%
Medical building
$5.4M
+49.9%
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
$5,090,000
ML approach
$6,490,000
CAP Approach
CAP Return
Estimation
6%
$4,515,000
6.5%
$4,165,000
7%
$3,870,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,585,000
Current use
AUTO REPAIR, GARAGE
$5,710,000
Change: +59% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,500,000
Change: +54% · Conversion: Easy
MEDICAL BUILDING
$5,375,000
Change: +50% · Conversion: Easy
RETAIL STORES
$3,950,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$5.27M
Range $4.74M – $5.80M · ±10% · vs last sale $6.47M (May 22 2023)
Last sale anchor
$6.47M
May 22 2023
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
$319 / 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
$50,245
Tax year 2023
Assessed value
$4,323,983
Assessed 2023
Previous assessed
$4,323,983
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,655,693
Assessed improvement
$2,668,290
Land market value
$1,655,693
Improvement market value
$2,668,290
Total market value
$4,323,983
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
Off-Market
Year built
2009
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
16,536 SF
Lot
5.76 ac (250,906 SF)
Zoning code
NB
APN
1840.09-06-1803 0363413
UPID
US53-1096426
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
OFFICE BUILDING Current
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$5.7M
COMMERCIAL (GENERAL)
Est. value
$5.5M
MEDICAL BUILDING
Est. value
$5.4M
RETAIL STORES
Est. value
$4.0M
OFFICE BUILDING Current
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
2009
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
5.76 ac
Current owner
From public records · entity-resolved
Cuenca Investing LLC
Entity
Mailing address
4429 JAMES RD, RALEIGH, NC 27616-5107
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2023
$7,014,000
Cuenca Investing LLC
Corporate Chaplains Of America INC
Special Warranty Deed
$5,611,200 · First National Bank Of Pennsylvania
May 21, 2008
$600,000
Corporate Chaplains Of America In
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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