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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Specialty properties
1401 Nc Hwy 54, Durham, NC 27707-5507
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2245070
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
2011
Total area
5,166 SF
Lot
0.59 ac (25,700 SF)
Zoning code
OI
APN
135840
UPID
US53-2245070
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
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$581k
Blend (final)
Blend
$530k
Owner & transaction history
Shore Capital Re Partners Holdco Ll · 4 yrs held
Shore Capital Re Partners Holdco Ll
since 2022
7 recorded transactions
Zoning & alternative use
OI · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$815,000
+86.2%
Commercial (general)
$790,000
+80.5%
Auto repair, garage
$640,000
+46.5%
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
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
VETERINARY, ANIMAL HOSPITAL
$435,000
Current use
OFFICE BUILDING
$815,000
Change: +86% · Conversion: Difficult
COMMERCIAL (GENERAL)
$790,000
Change: +80% · Conversion: Difficult
AUTO REPAIR, GARAGE
$640,000
Change: +47% · Conversion: Difficult
RESTAURANT
$525,000
Change: +21% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$505,000
Change: +16% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$415,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$375,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$103 / 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
$16,811
Tax year 2023
Assessed value
$1,205,206
Assessed 2024
Previous assessed
$1,205,206
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$560,617
Assessed improvement
$644,589
Land market value
$560,617
Improvement market value
$644,589
Total market value
$1,205,206
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
2011
Heating
YES
Cooling
YES
Stories
1
Bathrooms
2
Total area
5,166 SF
Lot
0.59 ac (25,700 SF)
Zoning code
OI
APN
135840
UPID
US53-2245070
Jurisdiction
DURHAM
Zoning & alternative use
OI · Durham, NC
Zoning OI · permitted uses
OI · 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
VETERINARY, ANIMAL HOSPITAL Current
Est. value
$435,000
OFFICE BUILDING
Est. value
$815,000
COMMERCIAL (GENERAL)
Est. value
$790,000
AUTO REPAIR, GARAGE
Est. value
$640,000
RESTAURANT
Est. value
$525,000
INDUSTRIAL (GENERAL)
Est. value
$505,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$415,000
RETAIL STORES
Est. value
$375,000
VETERINARY, ANIMAL HOSPITAL Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
2011
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.59 ac
Current owner
From public records · entity-resolved
Shore Capital Re Partners Holdco Ll
Entity
Mailing address
1 E WACKER DR STE #2900, CHICAGO, IL 60601-2026
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2022
—
Shore Capital Re Partners Holdco Ll
Shore Capital Re Partners Fund I LP
Special Warranty Deed
—
Feb 11, 2022
$1,600,000
Shore Capital Re Partners Fund I LP
Mewtwo LLC
Special Warranty Deed
—
Oct 28, 2016
$1,206,500
Mewtwo LLC
Wjm Holdings III LLC
Warranty Deed
$1,000,000 · Branch Bk&tr
Nov 24, 2015
—
Wjm Holdings III LLC
Ticon Properties LLC
Warranty Deed
related
—
Mar 9, 2011
$310,000
Ticon Properties LLC
Highway 54 LLC
Warranty Deed
—
Jun 2, 2000
$16,500
Southstar Holdings
Baucom Properties LP
Grant Deed
related
—
—
—
Ticon Properties LLC
—
Deed Of Trust
related
$816,000 · Bank Of North Carolina
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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