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Property profile & analytics
OFF-MARKET
Estimated value
$6,555,000
Retail space
1111 Chapel Hl St Durham, NC 27701-3027
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0674635
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2014
Total area
45,639 SF
Lot
2.71 ac (118,048 SF)
Zoning code
CG(D)
APN
114009
UPID
US53-0674635
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
-
Durham Co-op Market Grocery & Convenience Store Food Market
-
Self-Help Credit Union ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.10M
Comparable Approach
Comparable
$5.04M
Blend (final)
Blend
$6.56M
Owner & transaction history
Chapel Hill Street Dev LLC · 12 yrs held
Chapel Hill Street Dev LLC
since 2013
1 recorded transaction
Zoning & alternative use
CG(D) · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CG District is established to provide for a wide variety of commercial activities of varying scales that are designed to be served by major thoroughfares, and other similar high-volume rights-of-way. It is the intent of this district to provide sufficient size and depth of property to meet business needs, yet maintain safe traffic flows. Businesses in th…
Zone name
Commercial General
General category
COMMERCIAL
Zone area
1,042.51 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,770,000
6.5%
$8,095,000
7%
$7,515,000
Blend value · Realmo final
$6.56M
Range $5.90M – $7.21M · ±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
$144 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$106,425
Tax year 2023
Assessed value
$7,629,587
Assessed 2024
Previous assessed
$7,629,587
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$897,001
Assessed improvement
$6,732,586
Land market value
$897,001
Improvement market value
$6,732,586
Total market value
$7,629,587
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2014
Heating
YES
Cooling
YES
Stories
2
Bathrooms
3
Total area
45,639 SF
Lot
2.71 ac (118,048 SF)
Zoning code
CG(D)
APN
114009
UPID
US53-0674635
Jurisdiction
DURHAM
Zoning & alternative use
CG(D) · Durham, NCZoning CG(D) · permitted uses
CG(D) · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The CG District is established to provide for a wide variety of commercial activities of varying scales that are designed to be served by major thoroughfares, and other similar high-volume rights-of-way. It is the intent of this district to provide sufficient size and depth of property to meet business needs, yet maintain safe traffic flows. Businesses in this district should be sited convenient to automotive traffic.Developmentin the CG District should provide safe pedestrian access toadjacentresidential areas.
Zone name
Commercial General
General category
COMMERCIAL
Zone area
1,042.51 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2014
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
3
Lot
2.71 ac
Current owner
From public records · entity-resolved
Chapel Hill Street Dev LLC
Entity
Free & Clear · 12 yrs held
Mailing address
301 W MAIN ST, DURHAM, NC 27701-3215
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2013
$120,000
Chapel Hill Street Dev LLC
City Of Durham
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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