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Property profile & analytics
OFF-MARKET
Turn key restaurants
1904 Maynard Rd Cary, NC 27513-4997
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US53-0658132
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2006
Construction
BRICK
Total area
5,755 SF
Lot
1.92 ac (83,635 SF)
Zoning code
GCP
APN
0764.09-05-8705 0316141
UPID
US53-0658132
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
-
Starbucks Cafe & Coffee Shop
-
Shinmai Restaurant
-
FadePro Barbershop Cary 1 Barber Shop
-
Jimmy John's Take-out & Catering Catering Service
-
Lili's Kitchen at Em's Café Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mj Dev Group LLC · 11 yrs held
Mj Dev Group LLC
since 2015
7 recorded transactions
Zoning & alternative use
GCP · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$19,316
Tax year 2023
Assessed value
$1,927,705
Assessed 2023
Previous assessed
$1,927,705
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$739,754
Assessed improvement
$1,187,951
Land market value
$739,754
Improvement market value
$1,187,951
Total market value
$1,927,705
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2006
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
5,755 SF
Lot
1.92 ac (83,635 SF)
Zoning code
GCP
APN
0764.09-05-8705 0316141
UPID
US53-0658132
Jurisdiction
WAKE
Zoning & alternative use
GCP · Cary, NC
Zoning GCP · permitted uses
GCP · 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.
Building & site characteristics
From public records
Year built
2006
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.92 ac
Current owner
From public records · entity-resolved
Mj Dev Group LLC
Entity
Mailing address
1124 GROGANS ML DR, CARY, NC 27519-9472
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2015
$2,300,000
Mj Dev Group LLC
Net Retail Partners LLC
Trustees Deed
$1,840,000 · Ks Bk
Dec 22, 2014
—
Net Retail Partners LLC
—
Grant Deed
related
$1,500,000 · Paragon Com'l Bk
Oct 20, 2010
$985,000
Net Retail Partners LLC
Bank Of Hampton Roads
Grant Deed
$750,000 · Coastal FCU
Jun 7, 2010
$1,068,000
Gateway Bk & Trust
Russell Grayson G
Trustees Deed
related
—
May 28, 2010
$1,068,000
Gateway Bk & Trust
Russell Grayson G
Trustees Deed
related
—
Mar 3, 2006
$385,000
Northwest Prop Group-evans Rd
Lowes Home Centers INC
Grant Deed
$571,643 · Wachovia Bank NA
—
—
Net Retail Partners LLC
—
Deed Of Trust
related
$1,230,000 · Trustatlantic Bank
—
—
Northwest Prop Group-evans Rd
—
Deed Of Trust
related
—
—
—
Northwest Prop Group-evans Rd
—
Deed Of Trust
related
$1,850,000 · Gateway Bank & Trust
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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