Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    535 Keisler Dr Cary, NC 27518-9308

    • Office buildings
    • 475 SF
    • 0.01 lot acres
    OFF-MARKET
    Last Sale
    Mar 18, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1672000
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retirement Plan Services, Inc. / Financial Advisor
    • Sacred Sparrow Spiritual / Alternative Medicine Practice
    • Confero Customer Experience / Advertising Agency / Marketing & Advertising
    • The Academy of Healing Arts International / Alternative Medicine Practice
    • Harmony Life - Medical Reiki Center / Alternative Medicine Practice

    Property Details for 535 Keisler Dr

    Year built
    1999
    Construction
    BRICK
    Lot size
    0.01 lot acres
    Property size
    475 SF
    Zone code
    OI
    Property type
    Office buildings
    APN
    0762.11-65-4425 0267138
    APU
    762116544250267138

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7765
    Latitude
    35.742
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $977
    $0.00
    $97,552
    $97,552
    -
    $0.00
    $97,552
    $97,552

    Comparable in this City

    • Value Estimation
      $32,460,000
      144,998 SF

      8000 Regency Pkwy

      OFFICE BUILDING (MULTI-STORY) • 144,998 SF
      8000 Regency Pkwy, Cary, NC 27518-8582
      View Details
    • Value Estimation
      $2,455,000
      8,160 SF

      2550 Walnut St

      OFFICE BUILDING • 8,160 SF
      2550 Walnut St, Cary, NC 27518-9214
      View Details
    • Value Estimation by Request
      485 SF

      531 Keisler Dr Ste, Unit 201

      OFFICE BUILDING • 485 SF
      531 Keisler Dr Ste, Cary, NC 27518-9307
      View Details
    • Value Estimation by Request
      1,402 SF

      523 Keisler Dr Ste, Unit 204

      OFFICE BUILDING • 1,402 SF
      523 Keisler Dr Ste, Cary, NC 27518-7099
      View Details
    • Value Estimation by Request
      1,344 SF

      570 New Waverly Pl Ste, Unit 120

      OFFICE BUILDING • 1,344 SF
      570 New Waverly Pl Ste, Cary, NC 27518-7405
      View Details
    • Value Estimation
      $22,480,000
      100,256 SF

      110 Corning Rd

      OFFICE BUILDING • 100,256 SF
      110 Corning Rd, Cary, NC 27518-9229
      View Details

    Similar Nearby for Sale

    • $810,000

      Cary Medical Condo For Sale

      Turnkey medical condo in Cary's premier medical district.
      251 Keisler Dr, Cary, NC 27518
      View Details
    • Contact for pricing
      2,616 SF

      Cary Office Condo For Sale

      2,616 SF office condo in Parkway Professional Park.
      135 Parkway Office Ct, Cary, NC 27518
      View Details
    • Contact for pricing
      47.41 Acres

      Cary Mixed-Use Development Land

      47 Acres, Prime Cary Location
      8200 Regency Pkwy, Cary, NC 27518
      View Details
    • Contact for pricing

      Class A Medical Office Development

      Medical office development near WakeMed Cary Hospital.
      115 Kildaire Park Dr, Cary, NC 27518
      View Details
    • $981,000

      Cary Office Condo For Sale

      2,616 SF office condo in Parkway Professional Park, Cary.
      135 Parkway Office Ct, Cary, NC 27518
      View Details
    • $663,740
      1,724 SF

      Move-in Ready Office Condo

      Well-maintained office condo ideal for professional or administrative use.
      2703 Jones Franklin Rd, Cary, NC 27518
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Office Building

      Two-story office building in Crescent Office Park, Cary, NC.
      155 Crescent Commons Dr, Cary, NC 27518
      View Details
    • Contact for pricing

      Iconic Medical Office Building

      Three-story office building in Cary's thriving medical district.
      400 Ashville Ave, Cary, NC 27518
      View Details
    • Contact for pricing

      Sun-Filled Office Building For Rent

      Four-story office building with professional tenant mix, convenient location.
      1400 Crescent Grn, Cary, NC 27518
      View Details
    • Contact for pricing

      Class A Office Building

      Three-story Class A office building in Cary's Crescent business park.
      1225 Crescent Grn, Cary, NC 27518
      View Details
    • $27 SF/Yr
      45,834 SF

      Two-Story Office Building For Lease

      94,304 SF office building in Cary, North Carolina.
      1100 Crescent Grn, Cary, NC 27518
      View Details
    • $15 SF/Yr
      10,627 SF

      Regency Office Park Sublease

      Office space available for sublease in Regency Office Park.
      8000 Regency Pkwy, Cary, NC 27518
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    535 Keisler Dr
    Cary, NC 27518-9308
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!