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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Parking lots & garages
107 Albemarle St Durham, NC 27701-2004
Trust Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1647948
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
0.16 ac (6,970 SF)
Zoning code
DD-S1
APN
103185
UPID
US53-1647948
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.05M
Owner & transaction history
Ap Albemarle Street Trust LLC · 5 yrs held
Ap Albemarle Street Trust LLC
since 2020
Last sale
$900,000
2 recorded transactions
Zoning & alternative use
DD-S1 · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Downtown Design (DD) District is established to encourage bicycling, pedestrian, and transit-orienteddevelopmentthrough regulations appropriate to the downtown area. It focuses on the form of the private and public realm instead of on use and intensity. Regulated through sub-districts, the standards encourage a vital downtown economy that enhances Durham…
Zone name
Downtown Design Support 1
General category
COMMERCIAL
Zone area
263.53 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
$1,230,000
ML approach
$1,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $900k (Dec 30 2020)
Last sale anchor
$900k
Dec 30 2020
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
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,751
Tax year 2023
Assessed value
$256,069
Assessed 2024
Previous assessed
$256,069
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$251,201
Assessed improvement
$4,868
Land market value
$251,201
Improvement market value
$4,868
Total market value
$256,069
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Lot
0.16 ac (6,970 SF)
Zoning code
DD-S1
APN
103185
UPID
US53-1647948
Jurisdiction
DURHAM
Zoning & alternative use
DD-S1 · Durham, NCZoning DD-S1 · permitted uses
DD-S1 · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Downtown Design (DD) District is established to encourage bicycling, pedestrian, and transit-orienteddevelopmentthrough regulations appropriate to the downtown area. It focuses on the form of the private and public realm instead of on use and intensity. Regulated through sub-districts, the standards encourage a vital downtown economy that enhances Durhams position as a commercial, cultural and entertainment hub of the region while increasing livability. The DD District is intended to work in tandem with the Downtown Tier of the DurhamComprehensive Plan, Downtown Durham Master Plan and updates. Therefore, the Downtown Tier boundary and the Downtown District boundary are the same.
Zone name
Downtown Design Support 1
General category
COMMERCIAL
Zone area
263.53 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.16 ac
Current owner
From public records · entity-resolved
Ap Albemarle Street Trust LLC
Trust
Free & Clear · 5 yrs held
Mailing address
1616 CAMDEN RD #210, CHARLOTTE, NC 28203-4925
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2022
—
Ap Albemarle Street Trs LLC
—
Deed
related
$125,000,000 · Wells Fargo Bank NA
Dec 30, 2020
$900,000
Ap Albemarle Street Trust LLC
Sehed Dev Corp
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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