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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Office buildings
150 Wellesley Trade Ln Ste 102 Cary, NC 27519-5593
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-0036331
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2019
Construction
BRICK
Total area
1,812 SF
Zoning code
OICU
APN
0734.04-81-0870 0486805
UPID
US53-0036331
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
$525k
Comparable Approach
Comparable
$511k
Blend (final)
Blend
$655k
Owner & transaction history
Cs Zhou LLC · 3 yrs held
Cs Zhou LLC
since 2022
Last sale
$646,500
1 recorded transaction
Zoning & alternative use
OICU · Cary, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+162.7%
Neighborhood: shopping center
$1.0M
+144.9%
Retail stores
$835,000
+105.4%
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
$670,000
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
$565,000
6.5%
$525,000
7%
$485,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$410,000
Current use
COMMERCIAL (GENERAL)
$1,070,000
Change: +163% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,000,000
Change: +145% · Conversion: Difficult
RETAIL STORES
$835,000
Change: +105% · Conversion: Moderate
AUTO REPAIR, GARAGE
$765,000
Change: +88% · Conversion: Difficult
MEDICAL BUILDING
$625,000
Change: +53% · Conversion: Easy
WAREHOUSE, STORAGE
$410,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $647k (Oct 14 2022)
Last sale anchor
$647k
Oct 14 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
$361 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$5,395
Tax year 2024
Assessed value
$643,366
Assessed 2024
Previous assessed
$365,487
+76.0% YoY
Effective rate
0.84%
On assessed value
Assessed improvement
$643,366
Improvement market value
$643,366
Total market value
$643,366
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
2019
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
1,812 SF
Zoning code
OICU
APN
0734.04-81-0870 0486805
UPID
US53-0036331
Jurisdiction
WAKE
Zoning & alternative use
OICU · Cary, NC
Zoning OICU · permitted uses
OICU · 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
OFFICE BUILDING Current
Est. value
$410,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
RETAIL STORES
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$765,000
MEDICAL BUILDING
Est. value
$625,000
WAREHOUSE, STORAGE
Est. value
$410,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2019
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Cs Zhou LLC
Entity
Mailing address
305 HIGHWOOD PNES PL, CARY, NC 27519-9741
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2022
$646,500
Cs Zhou LLC
Tinton LLC
Special Warranty Deed
$549,393 · Bank Of America NA
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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