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Property profile & analytics
OFF-MARKET
Estimated value
$8,380,000
Manufacturing properties
116 Page Pt Cir, Durham, NC 27703-9120
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-3076969
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Total area
42,720 SF
Lot
3.76 ac (163,786 SF)
Zoning code
IL
APN
230428
UPID
US53-3076969
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
-
Cancer Diagnostics, Inc. Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.03M
CAP Approach
CAP
$8.69M
Comparable Approach
Comparable
$10.21M
Blend (final)
Blend
$8.38M
Owner & transaction history
116 Page Point LLC · 3 yrs held
116 Page Point LLC
since 2023
Last sale
$7.2M
3 recorded transactions
Zoning & alternative use
IL · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.5M
+67.7%
Apartment house (5+ units)
$11.4M
+53.4%
Retail stores
$10.5M
+41.3%
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
$8,995,000
ML approach
$9,030,000
CAP Approach
CAP Return
Estimation
6%
$9,410,000
6.5%
$8,685,000
7%
$8,065,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,430,000
Current use
AUTO REPAIR, GARAGE
$12,460,000
Change: +68% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$11,395,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$10,500,000
Change: +41% · Conversion: Moderate
COMMERCIAL (GENERAL)
$10,385,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$9,760,000
Change: +31% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,375,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$8.38M
Range $7.54M – $9.22M · ±10% · vs last sale $7.22M (Apr 19 2023)
Last sale anchor
$7.22M
Apr 19 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
$196 / 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
$50,971
Tax year 2023
Assessed value
$3,654,080
Assessed 2024
Previous assessed
$3,654,080
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$752,000
Assessed improvement
$2,902,080
Land market value
$752,000
Improvement market value
$2,902,080
Total market value
$3,654,080
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Total area
42,720 SF
Lot
3.76 ac (163,786 SF)
Zoning code
IL
APN
230428
UPID
US53-3076969
Jurisdiction
DURHAM
Zoning & alternative use
IL · Durham, NC
Zoning IL · permitted uses
IL · 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
INDUSTRIAL (GENERAL) Current
Est. value
$7.4M
AUTO REPAIR, GARAGE
Est. value
$12.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.4M
RETAIL STORES
Est. value
$10.5M
COMMERCIAL (GENERAL)
Est. value
$10.4M
OFFICE BUILDING
Est. value
$9.8M
WAREHOUSE, STORAGE
Est. value
$6.4M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
Lot
3.76 ac
Current owner
From public records · entity-resolved
116 Page Point LLC
Entity
Mailing address
116 PAGE PT CIR STE #400, DURHAM, NC 27703-9120
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2023
$7,218,000
116 Page Point LLC
Page Point Industrial LLC
Special Warranty Deed
$6,135,000 · First Horizon Bank
Apr 19, 2023
—
116 Page Point LLC
Page Point Industrial LLC
Deed
—
Nov 12, 2021
$700,000
Page Point Industrial LLC
Maruga INC
Special Warranty Deed
$5,176,225 · First Horizon 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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