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Property profile & analytics
OFF-MARKET
Estimated value
$11,205,000
Retail space
1700 Pointe Dr Durham, NC 27705-3407
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1495402
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Total area
101,800 SF
Lot
12.3 ac (535,788 SF)
Zoning code
CG(D)
APN
126423
UPID
US53-1495402
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
-
Truck Rental Center at The Home Depot Car Rental Facility
-
The Home Depot (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
Pro Desk at The Home Depot Big Box & Wholesale Store Building Supply
-
Home Services at The Home Depot HVAC Service General Contractor
-
Garden Center at The Home Depot Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.63M
Blend (final)
Blend
$11.21M
Owner & transaction history
Rks Hd LLC · 4 yrs held
Rks Hd LLC
since 2022
Last sale
$11.4M
1 recorded transaction
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
$10,425,000
ML approach
$9,170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.21M
Range $10.08M – $12.33M · ±10% · vs last sale $11.39M (Jun 30 2022)
Last sale anchor
$11.39M
Jun 30 2022
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
$110 / 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
$105,556
Tax year 2023
Assessed value
$7,567,297
Assessed 2024
Previous assessed
$7,567,297
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$3,519,932
Assessed improvement
$4,047,365
Land market value
$3,519,932
Improvement market value
$4,047,365
Total market value
$7,567,297
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1997
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
101,800 SF
Lot
12.3 ac (535,788 SF)
Zoning code
CG(D)
APN
126423
UPID
US53-1495402
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
1997
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
12.3 ac
Current owner
From public records · entity-resolved
Rks Hd LLC
Entity
Free & Clear · 4 yrs held
Mailing address
600 LEXINGTON AVE, NEW YORK, NY 10022-6000
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2022
$11,390,000
Rks Hd LLC
North Point Ph I Limited Partnershi
Special Warranty Deed
—
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
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