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Property profile & analytics
FOR SALE
Commercial real estate
114 E Main St Durham, NC 27701
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0306378
For Sale
1 / 7
$830,000
114 E Main St, Durham, NC 27701
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1924
Total area
8,509 SF
Lot
0.1 ac (4,356 SF)
Zoning code
DD-C
APN
102774
UPID
US53-0306378
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
-
Gail B. Cox, BS Pharmacy
-
Gurley's Pharmacy Pharmacy
-
Mad Kicks Sneaker Shop Clothing & Fashion Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.77M
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$2.14M
Owner & transaction history
Ww Overtime LLC · 3 yrs held
Ww Overtime LLC
since 2023
5 recorded transactions
Zoning & alternative use
DD-C · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,915,000
6.5%
$1,765,000
7%
$1,640,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,280,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,145,000
Change: -4% · Conversion: Moderate
OFFICE BUILDING
$2,910,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$2.14M
Range $1.92M – $2.35M · ±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
$251 / 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
$25,010
Tax year 2024
Assessed value
$1,707,296
Assessed 2024
Previous assessed
$1,707,296
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$256,132
Assessed improvement
$1,451,164
Land market value
$256,132
Improvement market value
$1,451,164
Total market value
$1,707,296
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1924
Heating
YES
Cooling
YES
Stories
2
Total area
8,509 SF
Lot
0.1 ac (4,356 SF)
Zoning code
DD-C
APN
102774
UPID
US53-0306378
Jurisdiction
DURHAM
Zoning & alternative use
DD-C · Durham, NC
Zoning DD-C · permitted uses
DD-C · 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
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
OFFICE BUILDING
Est. value
$2.9M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1924
Heating
YES
Cooling
Yes
Stories
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Ww Overtime LLC
Entity
Mailing address
1905 GLENDALE AVE, DURHAM, NC 27701-1325
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Apr 3, 2023
$1,300,000
Ww Overtime LLC
Vt2sc LLC
Warranty Deed
$1,170,000 · North State Bank
Oct 26, 2021
—
Vt2sc LLC
—
Deed
related
$516,000 · United Community Bank
Jul 21, 2021
$650,000
Leaves LLC
James R Clayton III
Special Warranty Deed
—
Sep 13, 2016
—
Asf Downtown LLC
—
Deed
related
$351,000 · Fidelity Bank
Oct 23, 2002
$165,000
Asf Downtown LLC
Koura,sardool S
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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