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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Warehouses
527 Chatham St, Cary, NC 27511-6933
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-5747099
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Construction
CONCRETE BLOCKS
Total area
7,008 SF
Lot
0.44 ac (19,166 SF)
Zoning code
IP
APN
0764.16-83-4027 0003577
UPID
US53-5747099
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
-
Carolina Print Mill (Bike/Boat/Book/etc) Store Printing Service
-
Technical Video Systems Film Production Television Studio
-
Camacho's Auto Service Auto Repair Shop
-
A-1 Tint Pros Interior Design Auto Repair Shop
-
Pam Perry Hair Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.40M
CAP Approach
CAP
$840k
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.11M
Owner & transaction history
527 Chatham LLC · 3 yrs held
527 Chatham LLC
since 2022
Last sale
$1.1M
3 recorded transactions
Zoning & alternative use
IP · Cary, 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 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
$1,380,000
ML approach
$1,395,000
CAP Approach
CAP Return
Estimation
6%
$910,000
6.5%
$840,000
7%
$780,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,590,000
Current use
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±10% · vs last sale $1.05M (Aug 26 2022)
Last sale anchor
$1.05M
Aug 26 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
$158 / 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
$8,244
Tax year 2023
Assessed value
$822,777
Assessed 2023
Previous assessed
$822,777
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$119,596
Assessed improvement
$703,181
Land market value
$119,596
Improvement market value
$703,181
Total market value
$822,777
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
7,008 SF
Lot
0.44 ac (19,166 SF)
Zoning code
IP
APN
0764.16-83-4027 0003577
UPID
US53-5747099
Jurisdiction
WAKE
Zoning & alternative use
IP · Cary, NC
Zoning IP · permitted uses
IP · Cary, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cary. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.6M
WAREHOUSE, STORAGE Current
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
1986
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
527 Chatham LLC
Entity
Mailing address
3221 BLUE RDG RD STE #105, RALEIGH, NC 27612-8063
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2022
$1,050,000
527 Chatham LLC
Mmp Cary Holdings LLC
Special Warranty Deed
$791,000 · First Citizens Bank & Trust Co
Feb 26, 2021
$900,000
Mmp Cary Holdings LLC
Palm Park INC
Grant Deed
$700,000 · Paradigm Advisory Grp LLC
Feb 1, 2007
$743,000
Palm Park INC
Lawrence Realty
Warranty 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.
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