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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Assisted living facilities
108 Leisure Ln, Durham, NC 27713
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-3320432
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1979
Total area
11,880 SF
Lot
4.67 ac (203,425 SF)
Zoning code
RR
APN
150167
UPID
US53-3320432
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
$380k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$641k
Blend (final)
Blend
$510k
Owner & transaction history
Inspire Commercial LLC · 4 yrs held
Inspire Commercial LLC
since 2022
7 recorded transactions
Zoning & alternative use
RR · 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
$380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$815,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$43 / 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
$9,122
Tax year 2024
Assessed value
$947,885
Assessed 2024
Previous assessed
$947,885
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$211,072
Assessed improvement
$736,813
Land market value
$211,072
Improvement market value
$736,813
Total market value
$947,885
Applied tax rate
14.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1979
Heating
ELECTRIC
Stories
1
Total area
11,880 SF
Lot
4.67 ac (203,425 SF)
Zoning code
RR
APN
150167
UPID
US53-3320432
Jurisdiction
DURHAM
Zoning & alternative use
RR · Durham, NC
Zoning RR · permitted uses
RR · 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
$815,000
APARTMENT HOUSE (5+ UNITS)
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
1979
Heating
ELECTRIC
Stories
1
Lot
4.67 ac
Current owner
From public records · entity-resolved
Inspire Commercial LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 5566, CARY, NC 27512-5566
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2022
—
Inspire Commercial LLC
—
Deed
related
$3,300,000 · Benchmark Community Bank
May 5, 2022
—
Inspire Commercial LLC
David Ellison
Quit Claim Deed
related
—
Apr 4, 2022
—
Inspire Commercial LLC
Cheryl L Ellison Wood
Quit Claim Deed
related
—
Mar 15, 2022
—
Inspire Commercial LLC
Michael Anthony Ellison
Quit Claim Deed
related
—
Mar 11, 2022
—
Inspire Commercial LLC
Danita E Currie Davis
Quit Claim Deed
related
—
Mar 9, 2022
—
Inspire Commercial LLC
Willie Mae Ellison
Quit Claim Deed
related
—
Mar 8, 2022
—
Inspire Commercial LLC
Mildred Ellison Malloy Clay
Quit Claim Deed
related
—
Feb 25, 2022
—
Inspire Commercial LLC
Linda Diane Ellison Evans
Quit Claim Deed
related
—
Feb 24, 2022
—
Inspire Commercial LLC
Preston E Ellison
Quit Claim Deed
related
—
Feb 17, 2022
—
Inspire Commercial LLC
Helen M Ellison
Warranty Deed
—
Feb 17, 2022
$4,300,000
Inspire Commercial LLC
Helen Ellison
Commissioners Deed
related
$3,300,000 · Benchmark Community 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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