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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Day care centers
2302 Cedar Run NW Pl, Wilson, NC 27896-1308
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-4305108
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1990
Total area
7,104 SF
Lot
1.24 ac (53,971 SF)
APN
3713-61-3991.000
UPID
US53-4305108
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
-
Magic Carpet Academy Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Spinayan Match Ctr & Afterschool Pr · 5 yrs held
Spinayan Match Ctr & Afterschool Pr
since 2021
Last sale
$550,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$870,000
+105.9%
Medical building
$750,000
+77.3%
Apartment house (5+ units)
$545,000
+29.0%
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 Wilson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilson 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
$515,000
ML approach
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$425,000
Current use
OFFICE BUILDING
$870,000
Change: +106% · Conversion: Difficult
MEDICAL BUILDING
$750,000
Change: +77% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$545,000
Change: +29% · Conversion: Difficult
COMMERCIAL (GENERAL)
$525,000
Change: +23% · Conversion: Difficult
AUTO REPAIR, GARAGE
$510,000
Change: +20% · Conversion: Difficult
RESTAURANT
$485,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$460,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $550k (Mar 30 2021)
Last sale anchor
$550k
Mar 30 2021
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
$75 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$7,861
Tax year 2021
Assessed value
$546,935
Assessed 2024
Previous assessed
$602,364
-9.2% YoY
Effective rate
1.44%
On assessed value
Assessed land
$175,500
Assessed improvement
$371,435
Land market value
$175,500
Improvement market value
$371,435
Total market value
$546,935
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1990
Heating
HEAT PUMP
Stories
1
Total area
7,104 SF
Lot
1.24 ac (53,971 SF)
APN
3713-61-3991.000
UPID
US53-4305108
Jurisdiction
WILSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$425,000
OFFICE BUILDING
Est. value
$870,000
MEDICAL BUILDING
Est. value
$750,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$545,000
COMMERCIAL (GENERAL)
Est. value
$525,000
AUTO REPAIR, GARAGE
Est. value
$510,000
RESTAURANT
Est. value
$485,000
RETAIL STORES
Est. value
$460,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
OFFICE BUILDING
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
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
1990
Heating
HEAT PUMP
Stories
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
Spinayan Match Ctr & Afterschool Pr
Individual
Mailing address
900 HINES ST W, WILSON, NC 27893-3024
Ownership since
2021
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
May 12, 2021
—
Sipnayan Math Ctr & Afterschool Pro
—
Deed
related
$613,800 · Ks Bank INC
Mar 30, 2021
$550,000
Spinayan Match Ctr & Afterschool Pr
Rfmt Property Holdings LLC
Special Warranty Deed
$482,000 · Ks Bank INC
Dec 2, 2016
$600,000
Rfmt Property Holdings LLC
Community Mission
Warranty Deed
$540,000 · Ks Bank 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.
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