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Property profile & analytics
OFF-MARKET
Estimated value
$5,910,000
Day care centers
7580 Carpenter Fire Sta Rd Cary, NC 27519-8616
Trust Owned
3-yr Hold
Free & Clear
Property ID
US53-0889135
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2006
Construction
BRICK
Total area
15,346 SF
Lot
2.23 ac (97,139 SF)
Zoning code
GCP
APN
0725.04-94-7661 0335023
UPID
US53-0889135
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
-
Kids 'R' Kids Learning Academy of West Cary High School Daycare Center
-
Big Blue Marble Academy Cary Daycare Center Foster Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.71M
Blend (final)
Blend
$5.91M
Owner & transaction history
Carter Bank & Trust · 3 yrs held
Carter Bank & Trust
since 2023
Last sale
$6.1M
5 recorded transactions
Zoning & alternative use
GCP · Cary, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
4.4.2 Mixed Use Overlay
Top alternative use upside
Commercial (general)
$9.1M
+112.3%
Neighborhood: shopping center
$8.5M
+97.9%
Restaurant
$8.0M
+87.1%
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
$5,815,000
ML approach
$5,625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$4,270,000
Current use
COMMERCIAL (GENERAL)
$9,070,000
Change: +112% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,455,000
Change: +98% · Conversion: Difficult
RESTAURANT
$7,995,000
Change: +87% · Conversion: Difficult
RETAIL STORES
$7,090,000
Change: +66% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,485,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$5,285,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$5.91M
Range $5.32M – $6.50M · ±10% · vs last sale $6.10M (Jun 26 2023)
Last sale anchor
$6.10M
Jun 26 2023
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
$385 / 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
$43,664
Tax year 2023
Assessed value
$4,357,700
Assessed 2023
Previous assessed
$4,357,700
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,164,001
Assessed improvement
$3,193,699
Land market value
$1,164,001
Improvement market value
$3,193,699
Total market value
$4,357,700
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
2006
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
15,346 SF
Lot
2.23 ac (97,139 SF)
Zoning code
GCP
APN
0725.04-94-7661 0335023
UPID
US53-0889135
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$9.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.5M
RESTAURANT
Est. value
$8.0M
RETAIL STORES
Est. value
$7.1M
AUTO REPAIR, GARAGE
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$5.3M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2006
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.23 ac
Current owner
From public records · entity-resolved
Carter Bank & Trust
Trust
Free & Clear · 3 yrs held
Mailing address
50 MAIN ST STE #1410, WHITE PLAINS, NY 10606-2072
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2023
—
Carter Bank & Trust
Lcp Cary Owner LLC
Correction Deed
related
—
Jun 26, 2023
$6,100,000
Lcp Cary Owner LLC
Bjb Glover Properties LLC
Special Warranty Deed
$3,050,000 · Carter Bank & Trust
Jun 23, 2022
—
Bjb Glover Properties LLC
—
Deed
related
$1,100,000 · Truist Bank
Sep 15, 2005
$605,000
Bjb Glover Properties LLC
Panther Creek-raleigh
Grant Deed
$1,000,000 · Branch Banking & Trust Co
—
—
Bjb Glover Properties LLC
—
Deed Of Trust
related
$2,660,500 · Suntrust 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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