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Property profile & analytics
OFF-MARKET
Retail space
515 Chatham St Cary, NC 27511-6906
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5754023
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Construction
METAL FRAME
Total area
1,320 SF
Lot
0.01 ac (436 SF)
Zoning code
IP
APN
0764.16-83-1080 0270363
UPID
US53-5754023
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
-
DTR Boxing Club Gym & Fitness Center Sports School
-
PAWS Pet Concierge Kennel & Boarding Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Peterson Center LLC · 8 yrs held
Peterson Center LLC
since 2018
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,393
Tax year 2023
Assessed value
$138,999
Assessed 2023
Previous assessed
$138,999
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed improvement
$138,999
Improvement market value
$138,999
Total market value
$138,999
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
1,320 SF
Lot
0.01 ac (436 SF)
Zoning code
IP
APN
0764.16-83-1080 0270363
UPID
US53-5754023
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 Center LLC
Entity
Mailing address
521 W CHATHAM ST, CARY, NC 27511-3130
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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 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
$375,500
4246-b INC
Peterson Properties LLC
Warranty Deed
—
Apr 27, 2007
—
Peterson Properties LLC
Peterson Center LLC
Quit Claim Deed
related
—
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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