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Property profile & analytics
OFF-MARKET
Estimated value
$15,020,000
Office buildings
1000 Park 40th Plz Durham, NC 27713-5249
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5674315
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
198,712 SF
Lot
5.29 ac (230,432 SF)
Zoning code
OI
APN
154190
UPID
US53-5674315
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
-
Quantum Corporation (Bike/Boat/Book/etc) Store Corporate Office
-
IT America, Inc (Bike/Boat/Book/etc) Store Corporate Office
-
Park Forty LP Shopping Center & Mall
-
Emu Software (Bike/Boat/Book/etc) Store Corporate Office
-
CRS Robotics Inc (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.02M
Owner & transaction history
Ju Chiropractic Wellness Center Pa · 4 yrs held
Ju Chiropractic Wellness Center Pa
since 2022
Last sale
$14.4M
7 recorded transactions
Zoning & alternative use
OI · Durham, 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 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
$13,155,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.02M
Range $13.52M – $16.52M · ±10% · vs last sale $14.37M (Mar 4 2022)
Last sale anchor
$14.37M
Mar 4 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
$76 / 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
$300,806
Tax year 2024
Assessed value
$21,564,726
Assessed 2024
Previous assessed
$21,564,726
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$1,442,312
Assessed improvement
$20,122,414
Land market value
$1,442,312
Improvement market value
$20,122,414
Total market value
$21,564,726
Applied tax rate
1.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Heating
YES
Cooling
YES
Stories
5
Total area
198,712 SF
Lot
5.29 ac (230,432 SF)
Zoning code
OI
APN
154190
UPID
US53-5674315
Jurisdiction
DURHAM
Zoning & alternative use
OI · Durham, NC
Zoning OI · permitted uses
OI · 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.
Building & site characteristics
From public records
Year built
1986
Heating
YES
Cooling
Yes
Stories
5
Lot
5.29 ac
Current owner
From public records · entity-resolved
Ju Chiropractic Wellness Center Pa
Individual
Free & Clear · 4 yrs held
Mailing address
4200 S HULEN ST STE #410, FORT WORTH, TX 76109-4981
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2022
—
Ju Chiropractic Wellness Center Pa
Wso 1000 Park Forty Plaza LLC
Lease
—
Mar 4, 2022
$14,373,878
Ccp Property Raleigh Durham LLC
Ccp Property Raleigh Durham LLC
Special Warranty Deed
—
Nov 3, 2017
—
Ccp Prop Raleigh-durham LLC
—
Grant Deed
related
$29,800,000 · Benefit Street Ptrs Realty Ope
Oct 10, 2014
$21,100,000
Ccp Property Raleigh Druham LLC
Tdc Blue I LLC
Special Warranty Deed
$26,600,000 · Ge Capital Bank
Aug 27, 2014
$13,450,000
Tdc Blue I LLC
Beacon Ventures LLC
Grant Deed
$23,270,000 · Keybank USA
Nov 14, 2012
—
Beacon Ventures LLC
—
Deed Of Trust
related
$54,000,000 · Bank Of America
Jul 17, 2006
—
Beacon Ventures LLC
Beacon #7 LLC
Special Warranty Deed
$38,622,500 · Bank Of America NA
Mar 7, 2005
$10,100,000
Park Forty Partners LLC
Park Forty Plaza LLC
Grant Deed
—
Mar 7, 2005
—
Park Forty Partners LLC
Park Forty Plaza LLC
Deed
$9,400,000 · Wachovia Bank NA
Dec 21, 1999
$13,932,000
Park Forty Plaza LLC
Cmd Realty Inves
Grant 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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