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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Retail space
513 Chatham St Cary, NC 27511-6906
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0393375
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Construction
METAL FRAME
Total area
7,706 SF
Lot
0.01 ac (436 SF)
Zoning code
IP
APN
0764.16-83-1080 0270362
UPID
US53-0393375
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
-
Proactive Dog Training, LLC Animal Training
-
Awesome Awnings Inc Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
$755k
Comparable Approach
Comparable
$691k
Blend (final)
Blend
$940k
Owner & transaction history
Peterson Properties LLC · 4 yrs held
Peterson Properties LLC
since 2022
Last sale
$900,000
5 recorded transactions
Zoning & alternative use
IP · 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
$1,230,000
ML approach
$1,175,000
CAP Approach
CAP Return
Estimation
6%
$820,000
6.5%
$755,000
7%
$705,000
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10% · vs last sale $900k (May 20 2022)
Last sale anchor
$900k
May 20 2022
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
$122 / 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
$7,455
Tax year 2023
Assessed value
$744,034
Assessed 2023
Previous assessed
$744,034
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed improvement
$744,034
Improvement market value
$744,034
Total market value
$744,034
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
1986
Construction
METAL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
7,706 SF
Lot
0.01 ac (436 SF)
Zoning code
IP
APN
0764.16-83-1080 0270362
UPID
US53-0393375
Jurisdiction
WAKE
Zoning & alternative use
IP · Cary, NCZoning IP · permitted uses
IP · 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
1986
Construction
METAL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.01 ac
Current owner
From public records · entity-resolved
Peterson Properties LLC
Entity
Mailing address
521 W CHATHAM ST, CARY, NC 27511-3130
Ownership since
2022
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
May 20, 2022
—
Peterson Properties LLC
Peterson Center LLC
Intrafamily Transfer
related
$2,400,000 · Bank Of Mckenney
May 23, 2018
$900,000
Peterson Center LLC
Chatham Plaza Properties LLC
Grant Deed
$2,000,000 · Southern First Bk NA
Dec 19, 2013
$475,000
Chatham Plaza Properties LLC
Suntrust Bk
Grant Deed
$451,200 · Wells Fargo Bank
May 24, 2013
$656,000
Suntrust Bk
Wooten Louis E III
Trustees Deed
related
—
Apr 27, 2007
$725,000
4246-b INC
Awesome Awnings INC
Warranty Deed
$1,108,000 · Suntrust Bank NA
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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