That's about the average capacity that is available at any of the Sears, or Big box stores in that price range. For that kind of money you can get a 60gal upright compressors almost anywhere, in fact I was just looking at them at Menards the other day. It will have a die cast single stage compressor. If your planning on doing any abrasive blasting in the future you might want to think about trying to squeeze a little more from the budget and go with and 80gal tank and one with a higher CFM preferably two stage and a cast iron compressor.
I have a little Sears 60gal in that range that was given to me by a nephew. It had a broken rod from being over worked supplying a blaster. I bought new parts to rebuild the compressor and after words realized that I could have just bought brand new compressor complete for about the same money. I was using it the other day to supply a pressure blaster and it surely won’t keep up with that.
The only tool that you’re going to have a problem with is the die grinder, it will be an air hog and requires a lot of air and with a small compressor you will spend a lot of time waiting for it to catch up.
