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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Assisted living facilities
1206 Chatham St, Cary, NC 27513-5246
Individually Owned
14-yr Hold
Free & Clear
Property ID
US53-1354017
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2008
Construction
FRAME
Total area
63,530 SF
Lot
3.69 ac (160,736 SF)
Zoning code
OICUP
APN
0753.11-65-6867 0179207
UPID
US53-1354017
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
-
Sunrise of Cary Nursing Home Retirement Community
-
Mckaila Higgins Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$1.45M
Owner & transaction history
Cnty Nc Senior Living Own Wake · 14 yrs held
Cnty Nc Senior Living Own Wake
since 2011
4 recorded transactions
Zoning & alternative use
OICUP · Cary, 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 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
by Request
ML approach
$1,070,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$1,635,000
Current use
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±10%
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
$23 / 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
$130,155
Tax year 2023
Assessed value
$12,989,482
Assessed 2023
Previous assessed
$12,989,482
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,285,888
Assessed improvement
$11,703,594
Land market value
$1,285,888
Improvement market value
$11,703,594
Total market value
$12,989,482
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
2008
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
74
Total area
63,530 SF
Lot
3.69 ac (160,736 SF)
Zoning code
OICUP
APN
0753.11-65-6867 0179207
UPID
US53-1354017
Jurisdiction
WAKE
Zoning & alternative use
OICUP · Cary, NC
Zoning OICUP · permitted uses
OICUP · Cary, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cary. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$1.6M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
2008
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
74
Lot
3.69 ac
Current owner
From public records · entity-resolved
Cnty Nc Senior Living Own Wake
Individual
Free & Clear · 14 yrs held
Mailing address
7902 WESTPARK DR, MC LEAN, VA 22102-4202
Ownership since
2011
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
Aug 8, 2011
$8,646,000
Cnty Nc Senior Living Own Wake
Sunrise Wake Cnty Nc Senior Li
Grant Deed
related
—
Nov 30, 2010
—
Sunrise Wake Cnty Nc Li
—
Deed Of Trust
related
$133,249,267 · Prudential Insurance Co
Mar 17, 2008
—
Sunrise Wake Cnty Nc Li
—
Deed Of Trust
related
$14,698,000 · Prudential Insurance Co
Dec 14, 2007
$700,000
Sunrise Wake Cnty Nc Li
Duke Univ Affiliated Physician
Grant Deed
—
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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