Individually Owned 
For Lease
$24,300,000
200 Regency Forest Dr, Cary, NC 27518
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Construction
BRICK
Total area
102,600 SF
Lot
24.76 ac (1,078,546 SF)
Zoning code
GCP
APN
0762.17-11-9912 0210584
UPID
US53-1082366
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store Corporate Office
-
Engineering Consultant Engineer
-
Engineering Consultant
-
Corporate Office
-
Corporate Office Coworking & Hybrid Office
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$29.62M
Comparable Approach
Comparable
$23.99M
Blend (final)
Blend
$24.30M
Owner & transaction history
since 2018
6 recorded transactions
Zoning & alternative use
GCP · Cary, NC
Top alternative use upside
Medical building
$35.3M
+29.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$24.30M
Value range
$21.87M – $26.73M
±10% around blend
Estimated value / SF
$237 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$21.87M
blend $24.30M
$26.73M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
102,600 SF
Lot area
24.76 ac
Year built
1997
Stories
4
APN
0762.17-11-9912 0210584
Zoning
GCP
Assessed value
$18,196,044
Annual tax
$182,324
3
Income approach: direct capitalization
Partial preview
Income approach indication
$29.62M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$32.08M
@ 6.5% CAP return
$29.62M
@ 7% CAP return
$27.50M
4
Sales comparison
Partial preview
Sales approach indication
$23.99M
Range $22.12M – $32.67M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$24.30M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 23 sales
$267
-11%
Submarket 189 sales
$225
+5%
County 878 sales
$201
+18%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $237/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+29%
vs current-use indication
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$18.20M
Move the market yield to see immediate price impact.
Value / SF
$177
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$1.15M
$22.93M
$16.38M
$12.74M
$1.27M
$25.47M
$18.20M
$14.15M
$1.40M
$28.02M
$20.02M
$15.57M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$182,324
Tax year 2023
Assessed value
$18,196,044
Assessed 2023
Previous assessed
$18,196,044
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$3,811,478
Assessed improvement
$14,384,566
Land market value
$3,811,478
Improvement market value
$14,384,566
Total market value
$18,196,044
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1997
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
4
Total area
102,600 SF
Lot
24.76 ac (1,078,546 SF)
Zoning code
GCP
APN
0762.17-11-9912 0210584
UPID
US53-1082366
Jurisdiction
WAKE
Zoning & alternative use
GCP · Cary, NCZoning GCP · permitted uses
GCP · Cary, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
4
Lot
24.76 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
GCP
Jurisdiction
Cary, NC
Recorded code
GCP
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GCP in Cary, NC.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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