Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,765,000
Retail space
1881 Lk Pne Dr Cary, NC 27511-6043
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-2002150
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Construction
BRICK
Total area
15,608 SF
Lot
2.44 ac (106,286 SF)
Zoning code
GCP
APN
0752.10-36-7108 0327176
UPID
US53-2002150
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
-
The Sweetest Things Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.12M
CAP Approach
CAP
$1.54M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.77M
Owner & transaction history
Brookfield Properties LLC · 6 yrs held
Brookfield Properties LLC
since 2019
3 recorded transactions
Zoning & alternative use
GCP · Cary, NC
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
$1,120,000
CAP Approach
CAP Return
Estimation
6%
$1,660,000
6.5%
$1,535,000
7%
$1,425,000
Blend value · Realmo final
$1.77M
Range $1.59M – $1.94M · ±10%
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
$113 / 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
$28,861
Tax year 2023
Assessed value
$2,880,355
Assessed 2023
Previous assessed
$2,880,355
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,095,977
Assessed improvement
$1,784,378
Land market value
$1,095,977
Improvement market value
$1,784,378
Total market value
$2,880,355
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2005
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
15,608 SF
Lot
2.44 ac (106,286 SF)
Zoning code
GCP
APN
0752.10-36-7108 0327176
UPID
US53-2002150
Jurisdiction
WAKE
Zoning & alternative use
GCP · Cary, NCZoning GCP · permitted uses
GCP · 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
Building & site characteristics
From public records
Year built
2005
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.44 ac
Current owner
From public records · entity-resolved
Brookfield Properties LLC
Entity
Mailing address
PO BOX 17102, RALEIGH, NC 27619-7102
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2019
$2,875,000
Brookfield Properties LLC
Macgregor Square Center LLC
Grant Deed
$1,950,000 · Truist Bk
Feb 25, 2013
$1,550,000
Macgregor Square Center LLC
Macgregor Square Partners LLC
Grant Deed
related
—
Aug 3, 2006
$4,300,000
Macgregor Square Partners LLC
Macgregor Square LLC
Grant Deed
related
$3,205,000 · Column Financial INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1881 Lk Pne Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
