Entity Owned Property summary
AI-generated overview
The property is located at the intersection of N Academy Street and Chapel Hill Road in downtown Cary, NC, surrounded by commercial, retail, and residential development. It consists of two parcels: Parcel 1 with 1.74 acres and Parcel 2 with 0.83 acres, for a combined land area of 2.57 acres. The site’s placement along major roadways provides street-front visibility and accessibility, and the property is positioned within a mixed-use urban area that includes ongoing commercial and residential activity.
Property profile
Verified
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Year built
1966
Construction
METAL FRAME
Total area
6,523 SF
Lot
1.74 ac (75,794 SF)
Zoning code
GCP
APN
0764.15-53-9267 0018403
UPID
US53-1996500
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Landscaping General Contractor
-
Auto Repair Shop
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.01M
Blend (final)
Blend
$2.18M
Owner & transaction history
since 2021
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
GCP · Cary, NC
Top alternative use upside
Medical building
$2.2M
+51.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.18M
Value range
$1.96M – $2.39M
±10% around blend
Estimated value / SF
$333 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
50
$1.96M
blend $2.18M
$2.39M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,523 SF
Lot area
1.74 ac
Year built
1966
Stories
1
APN
0764.15-53-9267 0018403
Zoning
GCP
Assessed value
$1,701,105
Annual tax
$14,264
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.43M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.1 mi away · 8,000 SF
8.8 mi away · 7,500 SF
11.2 mi away · 8,400 SF
15.3 mi away · 7,320 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.18M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 72 sales
$227
+47%
County 426 sales
$210
+59%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $333/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+52%
vs current-use indication
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
2.30%
Implied, in-place cap rate for this other warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
NOI (est.)
$103k *
Last sale · Apr 2021
$1.47M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.48M
Move the market yield to see immediate price impact.
Value / SF
$686
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
1.80%2.30%2.80%
$93k
$5.15M
$4.03M
$3.31M
$103k
$5.72M
$4.48M
$3.68M
$113k
$6.29M
$4.92M
$4.04M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$1.00M
7.1 mi · Dec 2025 · $200/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$14,264
Tax year 2024
Assessed value
$1,701,105
Assessed 2024
Previous assessed
$1,701,105
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$1,093,708
Assessed improvement
$607,397
Land market value
$1,093,708
Improvement market value
$607,397
Total market value
$1,701,105
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1966
Construction
METAL FRAME
Heating
SPACE
Cooling
CENTRAL
Stories
1
Units
1
Total area
6,523 SF
Lot
1.74 ac (75,794 SF)
Zoning code
GCP
APN
0764.15-53-9267 0018403
UPID
US53-1996500
Jurisdiction
WAKE
Zoning & alternative use
GCP · Cary, NCZoning GCP · permitted uses
GCP · Cary, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1966
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
1.74 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
GCP
Jurisdiction
Cary, NC
Recorded code
GCP
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GCP in Cary, NC.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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