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Property profile & analytics
OFF-MARKET
Estimated value
$11,520,000
Banks
1405 Bradford Vw Dr Cary, NC 27519-9231
Individually Owned
6-yr Hold
Free & Clear
Property ID
US53-2595979
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2015
Construction
BRICK
Total area
8,788 SF
Lot
1.08 ac (47,045 SF)
Zoning code
GCM
APN
0744.04-54-3132 0413194
UPID
US53-2595979
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
-
First Carolina Bank Bank Loan Service
-
Eva Kang Loan Service Bank
-
Corey Foos Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.47M
Blend (final)
Blend
$11.52M
Owner & transaction history
First Carolina Bk · 6 yrs held
First Carolina Bk
since 2020
Last sale
$11.0M
5 recorded transactions
Zoning & alternative use
GCM · Cary, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$11,905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$8,655,000
Current use
Blend value · Realmo final
$11.52M
Range $10.37M – $12.67M · ±10% · vs last sale $11.00M (Apr 16 2020)
Last sale anchor
$11.00M
Apr 16 2020
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
$1,311 / 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
$36,015
Tax year 2023
Assessed value
$3,594,356
Assessed 2023
Previous assessed
$3,594,356
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$893,855
Assessed improvement
$2,700,501
Land market value
$893,855
Improvement market value
$2,700,501
Total market value
$3,594,356
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2015
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
8,788 SF
Lot
1.08 ac (47,045 SF)
Zoning code
GCM
APN
0744.04-54-3132 0413194
UPID
US53-2595979
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
FINANCIAL BUILDING Current
Est. value
$8.7M
FINANCIAL BUILDING Current
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
2015
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
1.08 ac
Current owner
From public records · entity-resolved
First Carolina Bk
Individual
Free & Clear · 6 yrs held
Mailing address
2626 GLENWOOD AVE STE #375, RALEIGH, NC 27608-1040
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2020
—
First Carolina Bk
Bk Union
Quit Claim Deed
related
—
Apr 16, 2020
$3,600,000
First Carolina Bk
Bk Union
Grant Deed
related
—
Mar 25, 2015
$1,265,000
Union Bk & Trust
Bradford II Spe LLC
Grant Deed
related
—
Jul 21, 2009
$11,000,000
Crosland Bradford LLC
High House Davis LLC
Grant Deed
—
Jul 21, 2009
—
Crosland Bradford LLC
High House Davis LLC
Grant Deed
related
$3,500,000 · Northwestern Mutual Life Ins
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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