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Property profile & analytics
OFF-MARKET
Estimated value
$1,470,000
Industrial properties
1101 Miami Blvd Durham, NC 27703-2231
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-0301156
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1965
Total area
8,087 SF
Lot
0.98 ac (42,689 SF)
Zoning code
CN
APN
113704
UPID
US53-0301156
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
-
Pupusas Laura Restaurant
-
Long Leaf Funky Big Box & Wholesale Store
-
Shanell African Hair Braiding Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.50M
CAP Approach
CAP
$1.68M
Comparable Approach
Comparable
$1.81M
Blend (final)
Blend
$1.47M
Owner & transaction history
Southern Markets LLC · 3 yrs held
Southern Markets LLC
since 2023
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
CN · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.4M
+20.0%
Apartment house (5+ units)
$2.2M
+9.7%
Retail stores
$2.0M
+1.1%
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
$1,495,000
ML approach
$1,495,000
CAP Approach
CAP Return
Estimation
6%
$1,820,000
6.5%
$1,680,000
7%
$1,560,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,965,000
Current use
AUTO REPAIR, GARAGE
$2,360,000
Change: +20% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,155,000
Change: +10% · Conversion: Moderate
RETAIL STORES
$1,990,000
Change: +1% · Conversion: Easy
OFFICE BUILDING
$1,845,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$1.47M
Range $1.32M – $1.62M · ±10% · vs last sale $1.20M (May 26 2023)
Last sale anchor
$1.20M
May 26 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
$182 / 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
$12,460
Tax year 2024
Assessed value
$893,256
Assessed 2024
Previous assessed
$893,256
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$490,420
Assessed improvement
$402,836
Land market value
$490,420
Improvement market value
$402,836
Total market value
$893,256
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1965
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
8,087 SF
Lot
0.98 ac (42,689 SF)
Zoning code
CN
APN
113704
UPID
US53-0301156
Jurisdiction
DURHAM
Zoning & alternative use
CN · Durham, NC
Zoning CN · permitted uses
CN · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
RETAIL STORES
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1965
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Southern Markets LLC
Entity
Mailing address
1101 N MIAMI BLVD, DURHAM, NC 27703-2231
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2023
$1,200,000
Southern Markets LLC
New Frontier Real Estate LLC
Warranty Deed
$1,125,000 · Pnc Bank NA
Mar 26, 2009
$775,000
New Frontier Real Estate LLC
D J Realty Investments LLC
Grant Deed
—
Jan 5, 2000
—
D & J Investment Company
Page,donald
Grant Deed
related
—
Jan 1, 2000
—
Janice Page Scarborough
Page,mildred P
Quit Claim Deed
related
—
Dec 14, 1999
—
Donald Page
Page,mildred P
Quit Claim Deed
related
—
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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