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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Office buildings
151 Quarrystone Cir Cary, NC 27519-8449
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-2386164
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2012
Construction
BRICK
Total area
5,760 SF
Lot
1.04 ac (45,302 SF)
Zoning code
OICU
APN
0744.03-41-9378 0378102
UPID
US53-2386164
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
-
Preston Chiropractic and Acupuncture Alternative Medicine Practice
-
ISADORE CHIROPRACTIC Alternative Medicine Practice
-
Nirvelli Med Spa & Laser Spa & Massage Center Alternative Medicine Practice
-
Dr. David Sefried Alternative Medicine Practice
-
Vascular Wellness Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.60M
CAP Approach
CAP
$1.66M
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.60M
Owner & transaction history
Rdr Quarrystone LLC · 2 yrs held
Rdr Quarrystone LLC
since 2024
Last sale
$1.6M
4 recorded transactions
Zoning & alternative use
OICU · Cary, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
4.4.2 Mixed Use Overlay
Top alternative use upside
Retail stores
$2.7M
+105.4%
Auto repair, garage
$2.4M
+87.8%
Medical building
$2.0M
+53.1%
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
$1,600,000
ML approach
$1,600,000
CAP Approach
CAP Return
Estimation
6%
$1,800,000
6.5%
$1,660,000
7%
$1,545,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,295,000
Current use
RETAIL STORES
$2,660,000
Change: +105% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,435,000
Change: +88% · Conversion: Difficult
MEDICAL BUILDING
$1,985,000
Change: +53% · Conversion: Easy
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10% · vs last sale $1.60M (Apr 18 2024)
Last sale anchor
$1.60M
Apr 18 2024
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
$278 / 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
$13,035
Tax year 2023
Assessed value
$1,300,921
Assessed 2023
Previous assessed
$1,300,921
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$442,148
Assessed improvement
$858,773
Land market value
$442,148
Improvement market value
$858,773
Total market value
$1,300,921
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
2012
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
5,760 SF
Lot
1.04 ac (45,302 SF)
Zoning code
OICU
APN
0744.03-41-9378 0378102
UPID
US53-2386164
Jurisdiction
WAKE
Zoning & alternative use
OICU · Cary, NCZoning OICU · permitted uses
OICU · Cary, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
4.4.2 Mixed Use Overlay
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
RETAIL STORES
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.0M
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2012
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Rdr Quarrystone LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 499, CLINTON, NC 28329-0499
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2024
$1,600,000
Rdr Quarrystone LLC
The Buswell LP
Special Warranty Deed
—
Mar 13, 2012
$359,500
Buswell LP
Bdg Cornerstone Associates LLC
Warranty Deed
$918,900 · Southern Cmnty Bk
Dec 23, 2009
$168,000
Bdg Cornerstone Associates LLC
Carolina Legacy Cheer & Dance
Warranty Deed
$109,000 · Southern Community Bank
—
—
Bdg Cornerstone Associates LLC
—
Deed Of Trust
related
$244,000 · Southern Community Bank
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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