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Property profile & analytics
OFF-MARKET
Estimated value
$2,435,000
Drive through restaurants
1808 Miami Blvd, Durham, NC 27703-5702
Individually Owned
4-yr Hold
Free & Clear
Property ID
US53-1527441
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2001
Total area
3,227 SF
Lot
0.91 ac (39,640 SF)
Zoning code
CC
APN
163563
UPID
US53-1527441
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
-
Wendy's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.80M
Blend (final)
Blend
$2.44M
Owner & transaction history
Michael Zigelman · 4 yrs held
Michael Zigelman
since 2021
Last sale
$2.4M
6 recorded transactions
Zoning & alternative use
CC · 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
$2,545,000
ML approach
$2,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.44M
Range $2.19M – $2.68M · ±10% · vs last sale $2.37M (Jul 30 2021)
Last sale anchor
$2.37M
Jul 30 2021
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
$755 / 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
$15,492
Tax year 2023
Assessed value
$1,110,651
Assessed 2024
Previous assessed
$1,110,651
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$398,562
Assessed improvement
$712,089
Land market value
$398,562
Improvement market value
$712,089
Total market value
$1,110,651
Applied tax rate
52.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2001
Heating
YES
Cooling
YES
Stories
1
Total area
3,227 SF
Lot
0.91 ac (39,640 SF)
Zoning code
CC
APN
163563
UPID
US53-1527441
Jurisdiction
DURHAM
Zoning & alternative use
CC · Durham, NC
Zoning CC · permitted uses
CC · 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
2001
Heating
YES
Cooling
Yes
Stories
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Michael Zigelman
Individual
Free & Clear · 4 yrs held
Mailing address
189 PO BOX 780794TH DR, WICHITA, KS 67278-0794
Ownership since
2021
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
Jul 30, 2021
$2,367,500
Michael Zigelman
E & D W Re 1808 Mianmi Blvd LLC
Special Warranty Deed
—
Dec 20, 2019
—
E & D W Re 1808 Miami Blvd LLC
—
Deed
related
$1,566,818 · One Security Benefit Place
Jun 26, 2019
$2,089,500
E & D W Re Holdings LLC
Whgre LLC
Grant Deed
—
Jun 26, 2019
—
E & D W Re 1808 Miami Blvd LLC
E & D W Re Holdings LLC
Quit Claim Deed
—
Aug 20, 2018
—
Whgre LLC
Walker Holdings Group LLC
Warranty Deed
—
—
—
E & D W Re 1808 Miami Blvd LLC
—
Deed Of Trust
related
$1,566,818 · One Security Benefit Place
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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