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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Office Spaces
176 Lassiter Homestead Rd Durham, NC 27713-6835
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US53-5652746
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1999
Construction
WOOD
Total area
6,843 SF
Lot
10.14 ac (441,698 SF)
Zoning code
CU-OI
APN
73288
UPID
US53-5652746
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
-
CRC Health Medical Clinic
-
Carolina House Eating Disorder Treatment Center Crisis Center Medical Clinic
-
Carolina House Crc Eating: Parker Sarah C MD Physician
-
Carolina House Medical Clinic
-
Dr. Janet Lehr Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.42M
Comparable Approach
Comparable
$788k
Blend (final)
Blend
$1.03M
Owner & transaction history
Crc Ed Treatment INC · 20 yrs held
Crc Ed Treatment INC
since 2006
6 recorded transactions
Zoning & alternative use
CU-OI · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.7M
+1.4%
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%
$1,540,000
6.5%
$1,420,000
7%
$1,320,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,660,000
Current use
RETAIL STORES
$1,680,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±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
$151 / 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
$7,855
Tax year 2023
Assessed value
$988,071
Assessed 2023
Previous assessed
$988,071
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$366,337
Assessed improvement
$621,734
Land market value
$366,337
Improvement market value
$621,734
Total market value
$988,071
Applied tax rate
112.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1999
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Total area
6,843 SF
Lot
10.14 ac (441,698 SF)
Zoning code
CU-OI
APN
73288
UPID
US53-5652746
Jurisdiction
CHATHAM
Zoning & alternative use
CU-OI · Durham, NCZoning CU-OI · permitted uses
CU-OI · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.7M
RETAIL STORES
Est. value
$1.7M
COMMERCIAL (GENERAL) Current
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
1999
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
10.14 ac
Current owner
From public records · entity-resolved
Crc Ed Treatment INC
Entity
Mailing address
176 LASSITER HOMESTEAD RD, DURHAM, NC 27713-6835
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2006
$899,000
Crc Ed Treatment INC
Logan,john F
Warranty Deed
—
Oct 17, 2005
—
John F Logan
Logan,john F
Quit Claim Deed
related
—
—
—
Crc Ed Treatment INC
—
Deed Of Trust
related
—
—
—
John Logan
—
Deed Of Trust
related
$100,000 · Branch Banking & Trust Co
—
—
Crc Ed Treatment INC
—
Deed Of Trust
related
$87,600,000 · Citibank NA
—
—
Crc Ed Treatment INC
—
Deed Of Trust
related
$520,500 · Citibank NA
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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