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Property profile & analytics
OFF-MARKET
Strip malls
206 Steele St, Sanford, NC 27330-4236
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-2549656
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1943
Total area
2,520 SF
Lot
0.03 ac (1,350 SF)
Zoning code
CENTRAL BUSINESS DISTRICT
APN
9642-69-9344-00
UPID
US53-2549656
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
-
SunflowerSpaSoulutions Alternative Medicine Practice Spa & Massage Center
-
Amber Rose AESTHETICS Spa & Massage Center Skin Care Clinic
-
Color Coven Hair Salon
-
The Cabana Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Double Down Dog LLC · 8 yrs held
Double Down Dog LLC
since 2017
6 recorded transactions
Zoning & alternative use
CENTRAL BUSINESS DISTRICT · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Assessed value
$80,500
Assessed 2023
Previous assessed
$80,500
+0.0% YoY
Assessed land
$6,800
Assessed improvement
$73,700
Land market value
$6,800
Improvement market value
$73,700
Total market value
$80,500
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1943
Heating
YES
Cooling
NONE
Stories
1
Total area
2,520 SF
Lot
0.03 ac (1,350 SF)
Zoning code
CENTRAL BUSINESS DISTRICT
APN
9642-69-9344-00
UPID
US53-2549656
Jurisdiction
LEE
Zoning & alternative use
CENTRAL BUSINESS DISTRICT · Sanford, NC
Zoning CENTRAL BUSINESS DISTRICT · permitted uses
CENTRAL BUSINESS DISTRICT · 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
1943
Heating
YES
Cooling
Yes
Stories
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Double Down Dog LLC
Entity
Mailing address
PO BOX 781, SOUTHERN PINES, NC 28388-0781
Ownership since
2017
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 23, 2025
—
Double Down Dog LLC
—
Deed
related
$70,000 · First Bank
Aug 2, 2017
$65,000
Double Down Dog LLC
Red Dog Properties INC
Warranty Deed
$55,250 · Branch Bk&tr
Aug 11, 2016
$60,000
Red Dog Properties INC
R H Positive INC
Warranty Deed
—
Nov 9, 2012
$116,000
R H Positive INC
Red Dog Properties INC
Warranty Deed
related
—
—
—
Red Dog Properties INC
—
Deed Of Trust
related
$400,000 · Global Hse INC
—
—
Red Dog Properties INC
—
Loan Modification
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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