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Property profile & analytics
OFF-MARKET
Estimated value
$1,535,000
Super regional malls
1058 Clb Blvd, Durham, NC 27701-1104
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0953166
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1994
Total area
188,804 SF
Lot
2.52 ac (109,771 SF)
Zoning code
CC
APN
106007
UPID
US53-0953166
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
-
Duke Clinic Physician
-
Treasure Trove (Bike/Boat/Book/etc) Store
-
Life Changes Counselor Alcoholism Treatment Program
-
emoWellness Counselor
-
Foot Locker Clothing & Fashion Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$1.54M
Owner & transaction history
Nw Northgate LP · 4 yrs held
Nw Northgate LP
since 2021
4 recorded transactions
Zoning & alternative use
CC · 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
$1,335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.54M
Range $1.38M – $1.69M · ±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
$8 / 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
$65,248
Tax year 2024
Assessed value
$4,677,611
Assessed 2024
Previous assessed
$4,677,611
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$878,750
Assessed improvement
$3,798,861
Land market value
$878,750
Improvement market value
$3,798,861
Total market value
$4,677,611
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1994
Heating
YES
Cooling
YES
Stories
2
Total area
188,804 SF
Lot
2.52 ac (109,771 SF)
Zoning code
CC
APN
106007
UPID
US53-0953166
Jurisdiction
DURHAM
Zoning & alternative use
CC · Durham, NC
Zoning CC · permitted uses
CC · 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
1994
Heating
YES
Cooling
Yes
Stories
2
Lot
2.52 ac
Current owner
From public records · entity-resolved
Nw Northgate LP
Entity
Free & Clear · 4 yrs held
Mailing address
2200 W MAIN ST STE #300, DURHAM, NC 27705-4677
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2021
—
Nw Northgate LP
Cellco Partnership
Release/satis. Of Agrem. Of Sale (leasehold)
related
—
Jun 30, 2021
—
Duke University Health System INC
Durham Realty Incorporated
Special Warranty Deed
—
Dec 15, 2017
—
Durham Realty INC
Macys Retail Holdings INC
Grant Deed
—
Dec 15, 2017
$4,500,000
Durham Realty INC
Macys Retail Holdings 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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