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Property profile & analytics
OFF-MARKET
Estimated value
$1,345,000
Retail space
220 Chatham St Cary, NC 27511-3244
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US53-1842887
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1958
Construction
BRICK
Total area
15,851 SF
Lot
1.13 ac (49,223 SF)
Zoning code
GCP
APN
0764.18-41-1518 0014835
UPID
US53-1842887
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
-
La Farm Bakery Bakery Specialty Food Shop
-
Sorrell's Mural Cultural Landmark
-
Pro Home & Office Improvement LLC Construction Company General Contractor
-
All Fun & Games Electronics & Wireless Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$870k
CAP Approach
CAP
$1.56M
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.35M
Owner & transaction history
La Farm Downtown Cary LLC · 9 yrs held
La Farm Downtown Cary LLC
since 2016
5 recorded transactions
Zoning & alternative use
GCP · Cary, NC
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
$870,000
CAP Approach
CAP Return
Estimation
6%
$1,690,000
6.5%
$1,560,000
7%
$1,445,000
Blend value · Realmo final
$1.35M
Range $1.21M – $1.48M · ±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
$85 / 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
$17,364
Tax year 2023
Assessed value
$1,757,397
Assessed 2023
Previous assessed
$1,757,397
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,097,673
Assessed improvement
$659,724
Land market value
$1,097,673
Improvement market value
$659,724
Total market value
$1,757,397
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
1958
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
15,851 SF
Lot
1.13 ac (49,223 SF)
Zoning code
GCP
APN
0764.18-41-1518 0014835
UPID
US53-1842887
Jurisdiction
WAKE
Zoning & alternative use
GCP · Cary, NCZoning GCP · permitted uses
GCP · 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
Building & site characteristics
From public records
Year built
1958
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
La Farm Downtown Cary LLC
Entity
Mailing address
4248 NW CARY PKWY, CARY, NC 27513-8478
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2016
$1,600,000
La Farm Downtown Cary LLC
Sorrell,loyd V & Denise
Warranty Deed
$2,813,375 · Paragon Com'l Bk
Jul 29, 2016
—
Town Of Cary
Sorrell,loyd V & Denise
Warranty Deed
related
—
—
—
Loyd V Sorrell
—
Deed Of Trust
related
$340,000 · First South Bank
—
—
Loyd V Sorrell
—
Deed Of Trust
related
$360,000 · First South Bank
—
—
Loyd V Sorrell
—
Deed Of Trust
related
$10,000 · Crescent St Bank
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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