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Property profile & analytics
FOR SALE
Auto shops
413 Chatham St Sanford, NC 27330
Individually Owned
9-yr Hold
Free & Clear
Property ID
US53-2781874
For Sale
$520,000
413 Chatham St, Sanford, NC 27330
View Listing →
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1993
Total area
9,792 SF
Lot
0.45 ac (19,646 SF)
Zoning code
LIGHT INDUSTRIAL
APN
9642-88-2762-00
UPID
US53-2781874
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 U-Park-It Storage Facility
-
Ameritrans Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$493k
Blend (final)
Blend
$520k
Owner & transaction history
Cary S Kasdorf · 9 yrs held
Cary S Kasdorf
since 2016
2 recorded transactions
Zoning & alternative use
LIGHT INDUSTRIAL · Sanford, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$725,000
+10.3%
Neighborhood: shopping center
$665,000
+1.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$655,000
Current use
RETAIL STORES
$725,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$665,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$630,000
Change: -4% · Conversion: Easy
WAREHOUSE, STORAGE
$610,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$53 / 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
$5,133
Tax year 2023
Assessed value
$433,200
Assessed 2023
Previous assessed
$433,200
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$44,200
Assessed improvement
$389,000
Land market value
$44,200
Improvement market value
$389,000
Total market value
$433,200
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Sale
Year built
1993
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
9,792 SF
Lot
0.45 ac (19,646 SF)
Zoning code
LIGHT INDUSTRIAL
APN
9642-88-2762-00
UPID
US53-2781874
Jurisdiction
LEE
Zoning & alternative use
LIGHT INDUSTRIAL · Sanford, NC
Zoning LIGHT INDUSTRIAL · permitted uses
LIGHT INDUSTRIAL · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$655,000
RETAIL STORES
Est. value
$725,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$665,000
INDUSTRIAL (GENERAL)
Est. value
$630,000
WAREHOUSE, STORAGE
Est. value
$610,000
AUTO REPAIR, GARAGE Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1993
Heating
YES
Cooling
Yes
Stories
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Cary S Kasdorf
Individual
Free & Clear · 9 yrs held
Mailing address
108 BROADLEAF DR, ANGIER, NC 27501-7901
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2020
—
Cary Storm Kasdorf
—
Deed
related
$200,000 · Ubank
Nov 16, 2016
$167,500
Cary S Kasdorf
Market Street Properties LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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