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Property profile & analytics
FOR SALE
Banks
309 Colonades Way Cary, NC 27518
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5394756
For Sale
1 / 3
$4,644,445
309 Colonades Way, Cary, NC 27518
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2021
Construction
BRICK
Total area
3,211 SF
Lot
1.45 ac (63,162 SF)
Zoning code
GCM
APN
0762.15-54-4061 0168437
UPID
US53-5394756
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
-
Chase ATM Atm
-
Chase Bank Bank Loan Service
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
Nwwp LP · 11 yrs held
Nwwp LP
since 2014
7 recorded transactions
Zoning & alternative use
GCM · 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
$24,348
Tax year 2023
Assessed value
$2,429,961
Assessed 2023
Previous assessed
$2,429,961
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,421,146
Assessed improvement
$1,008,815
Land market value
$1,421,146
Improvement market value
$1,008,815
Total market value
$2,429,961
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
Banks
Use group
FINANCIAL BUILDING
Status
For Sale
Year built
2021
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
3,211 SF
Lot
1.45 ac (63,162 SF)
Zoning code
GCM
APN
0762.15-54-4061 0168437
UPID
US53-5394756
Jurisdiction
WAKE
Zoning & alternative use
GCM · Cary, NC
Zoning GCM · permitted uses
GCM · 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
2021
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.45 ac
Current owner
From public records · entity-resolved
Nwwp LP
Entity
Free & Clear · 11 yrs held
Mailing address
845 TEXAS ST STE #3300, HOUSTON, TX 77002-1656
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Mar 31, 2021
—
Nwwp LP
—
Deed
related
$48,245,429 · Equitable Fin'l Life Ins Co
Feb 21, 2018
—
Nwwp LP
—
Grant Deed
related
$96,000,000 · Miscellaneous Ins Co
Dec 19, 2014
$66,180,000
Nwwp LP
Rp Waverly Place LLC
Grant Deed
—
Dec 19, 2014
—
Nwwp LP
Rp Waverly Place LLC
Trustees Deed
related
$48,100,000 · Compass Bk
Aug 24, 2010
—
Rp Waverly Place LLC
—
Deed Of Trust
related
$34,000,000 · Fortress Credit Corp
Sep 25, 2008
$3,681,500
Rp Waverly Place LLC
Zapolski Holdings LLC
Warranty Deed
—
Aug 25, 2008
—
Zapolski Holdings LLC
Zr Waverly Op LLC
Grant Deed
related
—
—
—
Rp Waverly Place LLC
—
Deed Of Trust
related
$34,740,000 · Bb&t Real Estate Funding LLC
—
—
Nwwp LP
—
Loan Modification
related
$48,245,429 · Equitable Fin'l Life Ins Co
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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