Individually Owned Property summary
AI-generated overview
This exceptional 6,644 square foot Class A commercial property, located at 1400 Gathering Park Circle in the Carpenter Village submarket of Cary, NC, offers a unique opportunity for businesses seeking modern, versatile space. Built in 2024, this single-story building features three separate suites ranging from 724 to 2,904 contiguous square feet, allowing for flexibility to accommodate various needs. Currently, 2,904 square feet are vacant and ready for immediate occupancy. The property boasts a 12-foot ceiling height, ample parking with 19 spaces, and convenient access via Village View Ln. Zoned GC-Retail and Office, this location is ideal for retail, restaurant, or medical office uses. Cold shell delivery is expected by December 2024, allowing for customized build-outs. Interior build-out plans and permitting can commence concurrently with the construction timeline. Base rent and tenant improvement allowances are negotiable, depending on build-out requirements. The 0.54-acre lot is part of a new mixed-use development, offering excellent demographics within a rapidly growing Cary market in Wake County. The APN is 0745243130. Electric power is available.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2024
Construction
BRICK
Total area
8,040 SF
Lot
0.54 ac (23,522 SF)
Zoning code
GCP
APN
0745.03-24-3130 0449368
UPID
US53-4719340
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$745k
CAP Approach
CAP
$790k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$630k
Owner & transaction history
since 2025
Last sale
$675,000
7 recorded transactions
Zoning & alternative use
GCP · Cary, NC
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$630k
Value range
$567k – $693k
±10% around blend
Estimated value / SF
$78 / SF
Confidence
High
7 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
70
$567k
blend $630k
$693k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,040 SF
Lot area
0.54 ac
Year built
2024
Stories
1
APN
0745.03-24-3130 0449368
Zoning
GCP
Assessed value
$1,265,905
Annual tax
$10,615
3
Income approach: direct capitalization
Partial preview
Income approach indication
$790k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$855k
@ 6.5% CAP return
$790k
@ 7% CAP return
$735k
4
Sales comparison
Partial preview
Sales approach indication
$1.60M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
11.5 mi away · 10,203 SF
14.7 mi away · 7,860 SF
16.6 mi away · 7,800 SF
20.2 mi away · 7,999 SF
20.8 mi away · 8,644 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$630k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 38 sales
$462
-83%
County 376 sales
$316
-75%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $78/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
8.10%
Implied, in-place cap rate for this retail space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.10%
9.0%
NOI (est.)
$47k *
Last sale · Dec 2025
$675k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$583k
Move the market yield to see immediate price impact.
Value / SF
$73
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.60%8.10%8.60%
$43k
$560k
$525k
$494k
$47k
$622k
$583k
$549k
$52k
$684k
$642k
$604k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$2.30M
11.1 mi · Dec 2025 · $348/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$10,615
Tax year 2024
Assessed value
$1,265,905
Assessed 2024
Previous assessed
$1,265,905
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$611,572
Assessed improvement
$654,333
Land market value
$611,572
Improvement market value
$654,333
Total market value
$1,265,905
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2024
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
8,040 SF
Lot
0.54 ac (23,522 SF)
Zoning code
GCP
APN
0745.03-24-3130 0449368
UPID
US53-4719340
Jurisdiction
WAKE
Zoning & alternative use
GCP · Cary, NCZoning GCP · permitted uses
GCP · Cary, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2024
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.54 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
GCP
Jurisdiction
Cary, NC
Recorded code
GCP
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GCP in Cary, NC.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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