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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
1506 Bahama Rd Bahama, NC 27503-9101
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5695472
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1979
Total area
1,824 SF
Lot
0.49 ac (21,344 SF)
Zoning code
CN
APN
191184
UPID
US53-5695472
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Coffey Estates LLC · 3 yrs held
Coffey Estates LLC
since 2022
Last sale
$285,000
2 recorded transactions
Zoning & alternative use
CN · Bahama, 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 Bahama submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bahama 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,813
Tax year 2024
Assessed value
$184,213
Assessed 2024
Previous assessed
$184,213
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$53,116
Assessed improvement
$131,097
Land market value
$53,116
Improvement market value
$131,097
Total market value
$184,213
Applied tax rate
24.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1979
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
1,824 SF
Lot
0.49 ac (21,344 SF)
Zoning code
CN
APN
191184
UPID
US53-5695472
Jurisdiction
DURHAM
Zoning & alternative use
CN · Bahama, NC
Zoning CN · permitted uses
CN · Bahama, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bahama. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Coffey Estates LLC
Entity
Free & Clear · 3 yrs held
Mailing address
5201 INTERNATIONAL DR, DURHAM, NC 27712-8950
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2022
$285,000
Coffey Estates LLC
Yosef INC
Warranty Deed
—
Mar 27, 2007
$150,000
Yosef INC
Blackwood,john C
Grant Deed
$175,000 · John C Blackwood
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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