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Property profile & analytics
OFF-MARKET
Estimated value
$250,000
Commercial real estate
1005 Chapel Hl St Durham, NC 27701-3025
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1795812
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1925
Total area
1,451 SF
Lot
0.04 ac (1,742 SF)
Zoning code
CI
APN
113987
UPID
US53-1795812
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
-
Durhams best cab co Courier Service
-
Pals Variety Department Store Grocery & Convenience Store
-
Flying Apple Vintage (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$265k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$250k
Owner & transaction history
88 Investment Group LLC · 3 yrs held
88 Investment Group LLC
since 2023
Last sale
$200,900
1 recorded transaction
Zoning & alternative use
CI · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Commercial Infill (CI) District is established to provide for small commercial andmixed usenodes within the Compact Neighborhood and Urban Tiers. These nodes are intended to provide for pedestrian-orienteddevelopmentthat supports the surrounding residential neighborhoods, and have limited vehicular accommodation. The CI District is only appropriate in lo…
Zone name
Commercial Infill
General category
MIXED_USE
Zone area
6.58 ac
Source
Realmo
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
$250,000
ML approach
$265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$250k
Range $225k – $275k · ±10% · vs last sale $201k (Jan 24 2023)
Last sale anchor
$201k
Jan 24 2023
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
$172 / 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
$1,586
Tax year 2024
Assessed value
$113,686
Assessed 2024
Previous assessed
$113,686
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$40,249
Assessed improvement
$73,437
Land market value
$40,249
Improvement market value
$73,437
Total market value
$113,686
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1925
Heating
YES
Cooling
YES
Stories
1
Total area
1,451 SF
Lot
0.04 ac (1,742 SF)
Zoning code
CI
APN
113987
UPID
US53-1795812
Jurisdiction
DURHAM
Zoning & alternative use
CI · Durham, NCZoning CI · permitted uses
CI · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Commercial Infill (CI) District is established to provide for small commercial andmixed usenodes within the Compact Neighborhood and Urban Tiers. These nodes are intended to provide for pedestrian-orienteddevelopmentthat supports the surrounding residential neighborhoods, and have limited vehicular accommodation. The CI District is only appropriate in locations that have direct access to residential neighborhoods. Businesses within the District should be sited to maximize visibility, convenience, and accessibility for pedestrians.
Zone name
Commercial Infill
General category
MIXED_USE
Zone area
6.58 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1925
Heating
YES
Cooling
Yes
Stories
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
88 Investment Group LLC
Entity
Mailing address
3310 N ROXBORO ST, DURHAM, NC 27704-3256
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2023
$410,000
88 Investment Group LLC
Truist Bank
Warranty Deed
$348,500 · The Fidelity Bank
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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