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Property profile & analytics
OFF-MARKET
Estimated value
$8,060,000
Assisted living facilities
1107 Carthage St 1115, Sanford, NC 27330-4162
Individually Owned
6-yr Hold
Free & Clear
Property ID
US53-4948094
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1988
Total area
1,440 SF
Lot
7.59 ac (330,620 SF)
Zoning code
OFFICE & INSTITUTIONAL
APN
9642-46-4178-00
UPID
US53-4948094
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
-
Sanford Senior Living Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.06M
Owner & transaction history
Mainstay Healthcare Piedmont L · 6 yrs held
Mainstay Healthcare Piedmont L
since 2020
Last sale
$7.4M
4 recorded transactions
Zoning & alternative use
OFFICE & INSTITUTIONAL · Sanford, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Sanford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sanford 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
$8,930,000
ML approach
$8,520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.06M
Range $7.25M – $8.87M · ±10% · vs last sale $7.40M (Jun 18 2020)
Last sale anchor
$7.40M
Jun 18 2020
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
$5,597 / 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
$86,582
Tax year 2023
Assessed value
$7,306,500
Assessed 2023
Previous assessed
$7,306,500
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,138,500
Assessed improvement
$6,168,000
Land market value
$1,138,500
Improvement market value
$6,168,000
Total market value
$7,306,500
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1988
Heating
HEAT PUMP
Buildings
3
Stories
1
Bathrooms
2
Total area
1,440 SF
Lot
7.59 ac (330,620 SF)
Zoning code
OFFICE & INSTITUTIONAL
APN
9642-46-4178-00
UPID
US53-4948094
Jurisdiction
LEE
Zoning & alternative use
OFFICE & INSTITUTIONAL · Sanford, NC
Zoning OFFICE & INSTITUTIONAL · permitted uses
OFFICE & INSTITUTIONAL · Sanford, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sanford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Heating
HEAT PUMP
Stories
1
Buildings
3
Bathrooms
2
Lot
7.59 ac
Current owner
From public records · entity-resolved
Mainstay Healthcare Piedmont L
Individual
Free & Clear · 6 yrs held
Mailing address
505 ARIANA AVE, AUBURNDALE, FL 33823-4139
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2020
$7,400,000
Mainstay Healthcare Piedmont L
Sanford Health Care LLC
Grant Deed
—
Aug 24, 2017
—
Stanford Health Care LLC
—
Grant Deed
related
$3,800,000 · Branch Bk&tr
Jul 29, 2016
$5,000
Plaer Professional Building As
Sanford Health Care LLC
Warranty Deed
—
Jun 11, 2015
—
Sanford Health Care LLC
Millenium IV INC
Grant Deed
related
—
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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