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Property profile & analytics
OFF-MARKET
Estimated value
$3,575,000
Office Spaces
Legacy Fls Dr, S, NC
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-5745010
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
399 SF
Lot
41.93 ac (1,826,471 SF)
Zoning code
R-1
APN
17378
UPID
US53-5745010
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.58M
Owner & transaction history
Lennar Carolinas LLC · 5 yrs held
Lennar Carolinas LLC
since 2020
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
R-1 · S, 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 S submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs S 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
$3,680,000
ML approach
$3,810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.58M
Range $3.22M – $3.93M · ±10% · vs last sale $3.40M (Dec 18 2020)
Last sale anchor
$3.40M
Dec 18 2020
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
$8,960 / 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
$6,023
Tax year 2023
Assessed value
$740,893
Assessed 2023
Previous assessed
$724,045
+2.3% YoY
Effective rate
0.81%
On assessed value
Assessed land
$695,466
Assessed improvement
$45,427
Land market value
$695,466
Improvement market value
$45,427
Total market value
$740,893
Applied tax rate
107.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
399 SF
Lot
41.93 ac (1,826,471 SF)
Zoning code
R-1
APN
17378
UPID
US53-5745010
Jurisdiction
CHATHAM
Zoning & alternative use
R-1 · S, NC
Zoning R-1 · permitted uses
R-1 · S, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
S. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
41.93 ac
Current owner
From public records · entity-resolved
Lennar Carolinas LLC
Entity
Mailing address
500 BOYLSTON ST STE #2010, BOSTON, MA 02116-3798
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2020
$3,402,000
Lennar Carolinas LLC
F-l Legacy Owner LLC
Grant Deed
—
Dec 20, 2019
$3,240,000
Lennar Carolinas LLC
F-l Legacy Owner LLC
Grant Deed
—
Nov 2, 2017
$928,000
Mil Homes Of Raleigh LLC
F-l Legacy Owner LLC
Grant Deed
—
Oct 7, 2015
$105,000
Nvr INC
F-l Legacy Owner LLC
Grant Deed
—
Apr 23, 2014
$7,200,500
F-l Legacy Owner LLC
Rcc Land LLC
Grant Deed
—
Apr 23, 2014
—
F-l Legacy Owner LLC
Rcc Land LLC
Quit Claim Deed
related
—
Sep 28, 2012
$6,150,000
Vanguard Props Of Carolinas LLC
Cbsa Legacy LLC
Grant Deed
—
Sep 28, 2012
$4,000,000
Meritage Homes Of Nc INC
Vanguard Props Of Carolinas LLC
Grant Deed
—
Sep 28, 2012
—
Vanguard Props Of Carolinas LLC
Cbsa Legacy LLC
Grant Deed
related
—
Dec 19, 2011
$7,000,000
Cbsa Legacy LLC
Campbell Thomas A
Trustees Deed
—
Sep 27, 2005
—
Legacy Of Jordan Lake LLC
Jordan Lake LLC
Quit Claim Deed
related
—
—
—
F-l Legacy Owner LLC
—
Deed Of Trust
related
$250,000 · M/i Homes Of Raleigh LLC
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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