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Property profile & analytics
OFF-MARKET
Estimated value
$11,755,000
Strip malls
3454 Kildaire Farm Rd Cary, NC 27518
Entity Owned
~
Est. High Equity
Property ID
US53-1483752
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Construction
BRICK
Total area
35,655 SF
Lot
46.7 ac (2,034,252 SF)
Zoning code
GCP
APN
0761.03-02-3050 0184066
UPID
US53-1483752
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.92M
Blend (final)
Blend
$11.76M
Owner & transaction history
Millpond Village Property Owner LLC
Millpond Village Property Owner LLC
since 2025
7 recorded transactions
Zoning & alternative use
GCP · Cary, NC
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
Method
Estimation
Statistic approach
by Request
ML approach
$12,520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$18,575,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$16,475,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$11.76M
Range $10.58M – $12.93M · ±10%
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
$330 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$140,053
Tax year 2023
Assessed value
$13,977,303
Assessed 2023
Previous assessed
$13,977,303
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$5,771,281
Assessed improvement
$8,206,022
Land market value
$5,771,281
Improvement market value
$8,206,022
Total market value
$13,977,303
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2000
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
7
Bathrooms
3
Total area
35,655 SF
Lot
46.7 ac (2,034,252 SF)
Zoning code
GCP
APN
0761.03-02-3050 0184066
UPID
US53-1483752
Jurisdiction
WAKE
Zoning & alternative use
GCP · Cary, NCZoning GCP · permitted uses
GCP · Cary, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
4.4.2 Mixed Use Overlay
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$18.6M
RETAIL STORES
Est. value
$16.5M
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
2000
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
3
Lot
46.7 ac
Current owner
From public records · entity-resolved
Millpond Village Property Owner LLC
Entity
Mailing address
40900 WOODWARD AVE STE #250, BLOOMFIELD HILLS, MI 48304-5119
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2025
—
Millpond Village Property Owner LLC
Alidade Millpond Land LLC
Warranty Deed
—
Aug 24, 2020
—
Alidade Millpond Retail LLC
—
Deed
related
$324,800,000 · Associated Bk
Feb 13, 2020
—
Alidade Millpond Retail LLC
Millpond Holdings LP
Quit Claim Deed
related
—
Feb 12, 2020
$17,450,000
Alidade Millpond Retail LLC
Millpond Holdings LP
Special Warranty Deed
—
Jan 6, 2017
—
Millpond Holdings LP
—
Grant Deed
related
$20,000,000 · Suntrust Bk
Aug 19, 2016
—
Millpond Holdings LP
—
Deed
related
$16,000,000 · Nxt Cap Fndg II
May 20, 2016
—
Millpond Holdings LP
—
Deed
related
$16,000,000 · Nxt Cap Fndg II
May 24, 2011
—
Millpond Holdings LP
Ddr Southeast Millpond LLC
Quit Claim Deed
related
$16,000,000 · Nxt Cap
May 24, 2011
$10,100,000
Millpond Holdings LP
Ddr Southeast Millpond LLC
Grant Deed
related
—
May 28, 2004
$7,700,000
Inland Southeast Millpond LLC
Kimsouth Mmc LLC
Grant Deed
—
Jan 8, 2003
—
Kimsouth Mmc LLC
Kimsouth Mmc LLC
Quit Claim Deed
related
—
Dec 27, 2002
—
Kimsouth Mmc LLC
Millpond Kpt LLC
Grant Deed
related
—
—
—
Millpond Holdings LP
—
Loan Modification
related
$16,000,000 · Nxt Cap Fndg II
—
—
Millpond Holdings LP
—
Loan Modification
related
$16,000,000 · Nxt Cap Fndg II
—
—
Inland Southeast Millpond LLC
—
Deed Of Trust
related
$8,500,000 · Bear Stearns Commercial Mtg
—
—
Alidade Millpond Outparcel LLC
—
Loan Modification
related
$324,800,000 · Associated Bk
—
—
Alidade Millpond Retail LLC
—
Loan Modification
related
$324,800,000 · Associated Bk
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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