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Property profile & analytics
OFF-MARKET Estimated value $1,335,000
Retail space

2425 Kildaire Farm Rd A Cary, NC 27518-8423

13,000 SF 3.83 ac lot Built 2002
Entity Owned 18-yr Hold ~ Est. High Equity
Property ID
US53-1663368
Property summary
AI-generated overview

Lochmere Pavilion, located at 2425 Kildaire Farm Rd in Cary, NC (27518), offers exceptional office space within Wake County. This two-story building, constructed in 2002, comprises 32,235 square feet and features 14 individual suites. The property is categorized as retail, traditional office, medical office, and creative office space, offering flexibility for various business needs. Suites range from a minimum of 1,250 square feet to a maximum contiguous space of 4,985 square feet, catering to businesses of diverse sizes. The building's multiple tenancy structure provides a dynamic and collaborative environment. Its prime location in Cary, within the thriving Raleigh-Durham market, ensures convenient access to major highways and a large population base, making it an attractive option for businesses seeking high visibility and accessibility. Limited space remains available. The property's versatility makes it suitable for a wide range of office uses, from traditional to medical and creative businesses.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2002
Construction BRICK
Total area 13,000 SF
Lot 3.83 ac (166,835 SF)
Zoning code GCP
APN 0762.19-60-2098 0182662
UPID US53-1663368
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
  • Paul Smith, EXP Realty LLC Real Estate Agency
  • KinderVillage Music Studio Vocational School Training Center
  • Yoga-Mojo | Cary Yoga Collective Gym & Fitness Center
  • Lochmere Pavilion Shopping Center & Mall
  • Cary Yoga Collective Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.13M
CAP Approach CAP
$1.28M
Comparable Approach Comparable
$1.60M
Blend (final) Blend
$1.34M
Owner & transaction history
Lochmere Pavilion Two LLC · 18 yrs held
Lochmere Pavilion Two LLC
since 2008
6 recorded transactions
2008
$6.9M
2005
Price N/A
2001
$1.2M
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
GCP · Cary, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source 4.4.2 Mixed Use Overlay
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