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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Office Spaces
226 Carthage St, Sanford, NC 27330-4205
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US53-2520616
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1936
Total area
6,326 SF
Lot
0.5 ac (21,601 SF)
Zoning code
CENTRAL BUSINESS DISTRICT
APN
9642-69-3828-00
UPID
US53-2520616
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
-
US Mine Safety & Health Administration Public Health Department
-
Sanford Code Enforcement City Government Office
-
Lee County Planning & Zoning Urban Planning Department
-
Lee County Farmer's Home Adm County Government Office
-
La Dolce Vita Pizzeria Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
$669k
Blend (final)
Blend
$850k
Owner & transaction history
R Fincher INC · 9 yrs held
R Fincher INC
since 2017
3 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,110,000
6.5%
$1,025,000
7%
$950,000
Blend value · Realmo final
$850k
Range $765k – $935k · ±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
$134 / 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
$9,231
Tax year 2023
Assessed value
$712,800
Assessed 2023
Previous assessed
$712,800
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$108,000
Assessed improvement
$604,800
Land market value
$108,000
Improvement market value
$604,800
Total market value
$712,800
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1936
Heating
YES
Cooling
NONE
Stories
1
Total area
6,326 SF
Lot
0.5 ac (21,601 SF)
Zoning code
CENTRAL BUSINESS DISTRICT
APN
9642-69-3828-00
UPID
US53-2520616
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
1936
Heating
YES
Cooling
Yes
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
R Fincher INC
Entity
Mailing address
226 CARTHAGE ST, SANFORD, NC 27330-4205
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2023
—
R Fincher INC
—
Deed
related
$100,000 · First Bank
Dec 13, 2017
—
R Fincher INC
—
Deed
related
$30,000 · City Of Sanford
May 25, 2017
—
R Fincher INC
City Of Sanford
Warranty Deed
related
$301,500 · First Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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