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Property profile & analytics
OFF-MARKET
Estimated value
$19,700,000
Manufacturing properties
1 Litho Way Durham, NC 27703-8929
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0859671
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1993
Total area
100,686 SF
Lot
10.65 ac (463,914 SF)
Zoning code
IL
APN
164071
UPID
US53-0859671
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
-
Flint Group Professional Services
-
Litho Industries Inc Industrial Manufacturer Production Facility
-
RRD Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.47M
Comparable Approach
Comparable
$22.53M
Blend (final)
Blend
$19.70M
Owner & transaction history
Maruga INC · 6 yrs held
Maruga INC
since 2019
5 recorded transactions
Zoning & alternative use
IL · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$29.4M
+67.7%
Apartment house (5+ units)
$26.9M
+53.4%
Retail stores
$24.7M
+41.3%
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 Durham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Durham 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$22,175,000
6.5%
$20,470,000
7%
$19,005,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$17,505,000
Current use
AUTO REPAIR, GARAGE
$29,365,000
Change: +68% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$26,855,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$24,745,000
Change: +41% · Conversion: Moderate
COMMERCIAL (GENERAL)
$24,475,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$23,000,000
Change: +31% · Conversion: Difficult
WAREHOUSE, STORAGE
$15,020,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$19.70M
Range $17.73M – $21.67M · ±10%
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
$196 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$79,022
Tax year 2024
Assessed value
$8,061,800
Assessed 2024
Previous assessed
$8,061,800
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$1,565,800
Assessed improvement
$6,496,000
Land market value
$1,565,800
Improvement market value
$6,496,000
Total market value
$8,061,800
Applied tax rate
9.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1993
Heating
YES
Cooling
YES
Stories
1
Total area
100,686 SF
Lot
10.65 ac (463,914 SF)
Zoning code
IL
APN
164071
UPID
US53-0859671
Jurisdiction
DURHAM
Zoning & alternative use
IL · Durham, NC
Zoning IL · permitted uses
IL · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Durham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$17.5M
AUTO REPAIR, GARAGE
Est. value
$29.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$26.9M
RETAIL STORES
Est. value
$24.7M
COMMERCIAL (GENERAL)
Est. value
$24.5M
OFFICE BUILDING
Est. value
$23.0M
WAREHOUSE, STORAGE
Est. value
$15.0M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1993
Heating
YES
Cooling
Yes
Stories
1
Lot
10.65 ac
Current owner
From public records · entity-resolved
Maruga INC
Entity
Mailing address
300 LANG BLVD, GRAND ISLAND, NY 14072-3122
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Nov 20, 2019
—
Maruga INC
—
Deed
related
$3,976,740 · Miscellaneous Ins Co
May 25, 2017
—
Maruga INC
—
Deed
related
$4,000,000 · Miscellaneous Ins Co
—
—
Maruga INC
—
Loan Modification
related
$3,976,740 · Miscellaneous Ins Co
—
—
Maruga INC
—
Deed Of Trust
related
$3,400,000 · Us Bank NA
—
—
Maruga INC
—
Deed Of Trust
related
$4,000,000 · Miscellaneous Ins Co
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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