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Property profile & analytics
OFF-MARKET
Estimated value
$4,310,000
Retail space
929 Kildaire Farm Rd Cary, NC 27511-3922
Entity Owned
Free & Clear
Property ID
US53-0416970
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Construction
BRICK
Total area
11,562 SF
Lot
2.36 ac (102,802 SF)
Zoning code
GCCU
APN
0763.11-55-1732 0037632
UPID
US53-0416970
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
-
Wake Endoscopy Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.24M
Blend (final)
Blend
$4.31M
Owner & transaction history
Wake Endoscopy Center Cary LLC
Wake Endoscopy Center Cary LLC
since 2026
Last sale
$3.7M
6 recorded transactions
Zoning & alternative use
GCCU · Cary, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
4.4.2 Mixed Use Overlay
Top alternative use upside
Commercial (general)
$6.8M
+27.9%
Neighborhood: shopping center
$6.4M
+19.3%
Restaurant
$6.0M
+12.7%
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
$5,770,000
ML approach
$5,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,340,000
Current use
COMMERCIAL (GENERAL)
$6,835,000
Change: +28% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$6,370,000
Change: +19% · Conversion: Moderate
RESTAURANT
$6,025,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,885,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$4.31M
Range $3.88M – $4.74M · ±10% · vs last sale $3.73M (Sep 23 2021)
Last sale anchor
$3.73M
Sep 23 2021
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
$373 / 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
$37,163
Tax year 2023
Assessed value
$3,708,867
Assessed 2023
Previous assessed
$3,708,867
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,942,958
Assessed improvement
$1,765,909
Land market value
$1,942,958
Improvement market value
$1,765,909
Total market value
$3,708,867
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2000
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
7
Total area
11,562 SF
Lot
2.36 ac (102,802 SF)
Zoning code
GCCU
APN
0763.11-55-1732 0037632
UPID
US53-0416970
Jurisdiction
WAKE
Zoning & alternative use
GCCU · Cary, NCZoning GCCU · permitted uses
GCCU · 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
RETAIL STORES Current
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$6.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.4M
RESTAURANT
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$4.9M
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
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
Lot
2.36 ac
Current owner
From public records · entity-resolved
Wake Endoscopy Center Cary LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2601 LK DR, RALEIGH, NC 27607-6688
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2026
—
Wake Endoscopy Center Cary LLC
8gis Rex Properties LLC
Deed
—
Apr 4, 2024
—
8gis Rex Properties LLC
—
Deed
related
$500,000 · First Citizens Bank & Trust Co
Sep 23, 2021
$3,725,000
8gis Rex Properties LLC
Millenium Developments LLC
Warranty Deed
$5,500,000 · First Citizens Bank & Trust Co
Dec 30, 2019
$3,925,000
Millenium Developments LLC
Montecito Medical Dev LLC
Warranty Deed
—
Oct 29, 2019
$3,125,000
Montecito Medical Dev LLC
Manida Investments LLC
Grant Deed
—
Jul 2, 2015
$5,510,000
Manida Investments LLC
Newcastle Group V LLC
Trustees Deed
$3,857,000 · Natixis R/e Cap
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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