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Property profile & analytics
OFF-MARKET
Estimated value
$7,270,000
Commercial real estate
101 Chapel Hl St, Durham, NC 27701-3255
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US53-1348365
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1906
Total area
31,965 SF
Lot
0.25 ac (10,890 SF)
Zoning code
DD-C
APN
103099
UPID
US53-1348365
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
-
Cognitect, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
M Pocha Restaurant
-
R A C Acceptance Interior Design
-
Tyrata, Inc. Corporate Office
-
area modern home Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.64M
Comparable Approach
Comparable
$6.46M
Blend (final)
Blend
$7.27M
Owner & transaction history
West Chapel Hill Street P 101 · 11 yrs held
West Chapel Hill Street P 101
since 2014
3 recorded transactions
Zoning & alternative use
DD-C · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,190,000
6.5%
$6,640,000
7%
$6,165,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$11,805,000
Change: -4% · Conversion: Moderate
OFFICE BUILDING
$10,925,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$7.27M
Range $6.54M – $8.00M · ±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
$227 / 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
$85,800
Tax year 2024
Assessed value
$5,857,050
Assessed 2024
Previous assessed
$5,857,050
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$642,945
Assessed improvement
$5,214,105
Land market value
$642,945
Improvement market value
$5,214,105
Total market value
$5,857,050
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
1906
Heating
YES
Cooling
YES
Stories
3
Total area
31,965 SF
Lot
0.25 ac (10,890 SF)
Zoning code
DD-C
APN
103099
UPID
US53-1348365
Jurisdiction
DURHAM
Zoning & alternative use
DD-C · Durham, NC
Zoning DD-C · permitted uses
DD-C · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.8M
OFFICE BUILDING
Est. value
$10.9M
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1906
Heating
YES
Cooling
Yes
Stories
3
Lot
0.25 ac
Current owner
From public records · entity-resolved
West Chapel Hill Street P 101
Individual
Mailing address
PO BOX 216, DURHAM, NC 27702-0216
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2022
—
101 West Chapel Hill Street Partner
—
Deed
related
$4,000,000 · Pinnacle Bank
Dec 22, 2016
—
101, West Chapel Hill Str
—
Deed
related
$8,000,000 · Wells Fargo Bank NA
Dec 12, 2014
$2,050,000
West Chapel Hill Street P 101
Kimbrells Investment Co INC
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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