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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
High-rise multifamily apartments
1533 Ellis Rd Durham, NC 27703-6368
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0977482
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2012
Total area
5,184 SF
Lot
42.28 ac (1,841,717 SF)
Zoning code
OI(D)
APN
163370
UPID
US53-0977482
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
-
Edwin & Lynn Wedding Invitations Wedding Service
-
Blink Charging Station Electric Vehicle Charging Station
-
Mmobility Tech Support Center (Bike/Boat/Book/etc) Store
-
SemaConnect Charging Station Electric Vehicle Charging Station
-
Tip Top Snapshots Party Supply Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
$600k
Comparable Approach
Comparable
$581k
Blend (final)
Blend
$660k
Owner & transaction history
Big Ellis Nc LLC · 6 yrs held
Big Ellis Nc LLC
since 2019
4 recorded transactions
Zoning & alternative use
OI(D) · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The OI District is established for employment and community service activities. Some support facilities and residential uses are also allowed when compatible with surrounding uses. The OI district is designed for use on sites that have convenient access to arterials, sincedevelopmentof moderate to high intensity is allowed.
Zone name
Office And Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
951.01 ac
Source
Realmo
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
$800,000
CAP Approach
CAP Return
Estimation
6%
$650,000
6.5%
$600,000
7%
$555,000
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$127 / 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
$561,159
Tax year 2024
Assessed value
$40,229,311
Assessed 2024
Previous assessed
$40,229,311
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$4,380,000
Assessed improvement
$35,849,311
Land market value
$4,380,000
Improvement market value
$35,849,311
Total market value
$40,229,311
Applied tax rate
32.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2012
Heating
YES
Cooling
YES
Stories
3
Total area
5,184 SF
Lot
42.28 ac (1,841,717 SF)
Zoning code
OI(D)
APN
163370
UPID
US53-0977482
Jurisdiction
DURHAM
Zoning & alternative use
OI(D) · Durham, NCZoning OI(D) · permitted uses
OI(D) · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The OI District is established for employment and community service activities. Some support facilities and residential uses are also allowed when compatible with surrounding uses. The OI district is designed for use on sites that have convenient access to arterials, sincedevelopmentof moderate to high intensity is allowed.
Zone name
Office And Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
951.01 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2012
Heating
YES
Cooling
Yes
Stories
3
Lot
42.28 ac
Current owner
From public records · entity-resolved
Big Ellis Nc LLC
Entity
Mailing address
25 BROOKLINE, ALISO VIEJO, CA 92656-1461
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2019
$46,875,000
Big Ellis Nc LLC
Research Park LLC
Grant Deed
$30,350,000 · Holliday Fenoglio Fowler
Jun 19, 2012
—
Research Park LLC
Ellis Road LLC
Grant Deed
$26,266,500 · Cbre Hmf INC
Apr 17, 2008
$3,600,000
Ellis Road LLC
Joven Group Six
Grant Deed
$23,556,216 · Us Bank
—
—
Research Park LLC
—
Loan Modification
related
$26,151,000 · Cbre Hmf INC
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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