Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    513 Chatham St, Unit MC Cary, NC 27511-6906
    Back to Search
    Property profile & analytics

    513 Chatham St, Unit MC Cary, NC 27511-6906

    View on Map
    • Warehouses
    • 24,604 SF
    • 1.96 lot acres
    Off-Market
    Property ID
    US53-1309715
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,220,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Proactive Dog Training, LLC / Animal Training
    • Awesome Awnings Inc / Building Supply / Hardware & Home Improvement

    Property Details for 513 Chatham St

    Year built
    1985
    Construction
    METAL FRAME
    Lot size
    1.96 lot acres
    Property size
    24,604 SF
    Zone code
    IP
    Property type
    Warehouses
    APN
    0764.16-83-1080 0063050
    APU
    764168310800063050

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,589,000
      Market price range: $3.74M - $7.57M
      AI Estimate
      $2,848,000
      Market price range: $1.32M - $4.72M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $5,590,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7701
    Latitude
    35.7913
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,500 SF

      136 Cedar St

      WAREHOUSE, STORAGE • 1,500 SF
      136 Cedar St, Cary, NC 27511
      View Details
    • Value Estimation by Request
      4,000 SF

      301 Travis Park

      WAREHOUSE, STORAGE • 4,000 SF
      301 Travis Park, Cary, NC 27511-6931
      View Details
    • Value Estimation
      $840,000
      8,000 SF

      101 Woodwinds Industrial Ct

      WAREHOUSE, STORAGE • 8,000 SF
      101 Woodwinds Industrial Ct, Cary, NC 27511-6203
      View Details
    • Value Estimation
      $1,905,000
      12,000 SF

      102 Woodwinds Industrial Ct

      WAREHOUSE, STORAGE • 12,000 SF
      102 Woodwinds Industrial Ct, Cary, NC 27511-6204
      View Details
    • Value Estimation
      $1,065,000
      6,000 SF

      411 Chatham St

      WAREHOUSE, STORAGE • 6,000 SF
      411 Chatham St, Cary, NC 27511-3128
      View Details
    • Value Estimation
      $10,200,000
      60,480 SF

      920 Chatham St

      MINI-WAREHOUSE, STORAGE • 60,480 SF
      920 Chatham St, Cary, NC 27511-3101
      View Details

    Similar Nearby for Sale

    • $345,000
      12 SF

      Cary Office Condo - Prime Location

      1200 sq ft Office Suite, Excellent Access
      1200 Maynard Rd, Cary, NC 27511
      View Details
    • Contact for pricing

      Land For Sale in Cary

      1.76 acre site in Searstone development, Cary, NC.
      Winston Hill Dr, Cary, NC 27511
      View Details
    • Contact for pricing

      27.25 Acres Land Redevelopment Opportunity

      27.25-acre land redevelopment opportunity in Cary, North Carolina.
      607 Cedar St, Cary, NC 27511
      View Details
    • Contact for pricing
      3,786 SF

      Cary Medical Office Investment

      Medical office condominium for sale in Cary, North Carolina.
      160 Macgregor Pines Dr, Cary, NC 27511
      View Details
    • Contact for pricing
      900 SF

      Cary Office Condo For Sale

      Well-appointed office condo in a sought-after Cary location.
      101 Brady Ct, Cary, NC 27511
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Cary Flex Space For Lease

      12,000 SF flex space with ample parking available for lease.
      102 Woodwinds Industrial Ct, Cary, NC 27511
      View Details
    • Contact for pricing
      2,107 SF

      Cary Medical Office Sublease

      Medical office space available for sublease in Cary, North Carolina.
      1505 SW Cary Pkwy, Cary, NC 27511
      View Details
    • Contact for pricing
      767 SF

      Retail Space Available For Rent

      Retail property with 767 square feet available for rent.
      159 East Chatham St, Cary, NC 27511
      View Details
    • $37 SF/Yr

      Offices at Fenton: Premier Workspace

      Modern office spaces in a vibrant, mixed-use development.
      25 Fenton Main St, Cary, NC 27511
      View Details
    • Contact for pricing
      3,977 SF

      Downtown Cary Retail Space

      Mixed-use development with retail space in growing Downtown Cary.
      E Chatham St & Hunter St, Cary, NC 27511
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    513 Chatham St, Unit MC
    Cary, NC 27511-6906
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    513 Chatham St, Cary, NC, 27511
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!