New search
Property profile & analytics
OFF-MARKET
Estimated value
$8,155,000
Motels
151 Tatum Dr, Durham, NC 27703-8237
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1299422
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2008
Total area
90,285 SF
Lot
2.27 ac (98,881 SF)
Zoning code
CG(D)
APN
158048
UPID
US53-1299422
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
-
Manhattan Prep Tutoring Service
-
Tony Roma's Restaurant
-
Delta Hotels by Marriott Raleigh-Durham at Research Triangle Park Hotel & Motel
-
Phi Bar and Bistro Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.97M
Comparable Approach
Comparable
$7.55M
Blend (final)
Blend
$8.16M
Owner & transaction history
Shrijee LLC · 20 yrs held
Shrijee LLC
since 2005
7 recorded transactions
Zoning & alternative use
CG(D) · 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%
$7,550,000
6.5%
$6,965,000
7%
$6,470,000
Blend value · Realmo final
$8.16M
Range $7.34M – $8.97M · ±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
$90 / 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
$165,213
Tax year 2024
Assessed value
$11,844,110
Assessed 2024
Previous assessed
$11,844,110
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$572,600
Assessed improvement
$11,271,510
Land market value
$572,600
Improvement market value
$11,271,510
Total market value
$11,844,110
Applied tax rate
30.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2008
Heating
FORCED AIR
Cooling
YES
Stories
6
Total area
90,285 SF
Lot
2.27 ac (98,881 SF)
Zoning code
CG(D)
APN
158048
UPID
US53-1299422
Jurisdiction
DURHAM
Zoning & alternative use
CG(D) · Durham, NC
Zoning 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
Durham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2008
Heating
FORCED AIR
Cooling
Yes
Stories
6
Lot
2.27 ac
Current owner
From public records · entity-resolved
Shrijee LLC
Entity
Mailing address
1220 TODDS STA, LEXINGTON, KY 40509-9482
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2021
—
Shrijee LLC
—
Deed
related
$2,000,000 · Webanco Bk INC
Sep 9, 2019
—
Shrijee LLC
—
Deed
related
$1,000,000 · Wesbanco Bk
Dec 13, 2017
—
Shrijee LLC
—
Deed
related
$12,850,000 · Farmers Bank & Capital Trust Co
Dec 9, 2005
$1,150,000
Shrijee LLC
Travco-brt
Grant Deed
—
—
—
Shrijee LLC
—
Loan Modification
related
$12,283,555 · United Bk
—
—
Shrijee LLC
—
Deed Of Trust
related
$1,000,000 · Wesbanco Bk
—
—
Shrijee LLC
—
Deed Of Trust
related
$13,600,000 · Farmers Bank & Trust NA
—
—
Shrijee LLC
—
Deed Of Trust
related
$2,000,000 · Webanco Bk INC
—
—
Shrijee LLC
—
Deed Of Trust
related
$480,000 · United Bank & Trust Co
—
—
Shrijee LLC
—
Loan Modification
related
$423,969 · United Bank & Trust Co
—
—
Shrijee LLC
—
Loan Modification
related
$12,569,616 · United Bank & Trust Co
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?”
You own 151 Tatum Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
