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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
1809 Martin Luther King Pkwy Durham, NC 27707-3585
Entity Owned
10-yr Hold
Free & Clear
Property ID
US53-3217175
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
2019
Total area
252 SF
Lot
0.94 ac (40,946 SF)
Zoning code
CN(D)
APN
137012
UPID
US53-3217175
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ht Fuel Nc LLC · 10 yrs held
Ht Fuel Nc LLC
since 2015
6 recorded transactions
Zoning & alternative use
CN(D) · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CN District is established to provide for modest-scale commercial centers (as defined in Article 6) in close proximity to residential areas that offer limited commercial uses to satisfy the needs of the surrounding neighborhood. Compatibility is facilitated through design standards and buffering that provide for walkable, pedestrian-orienteddevelopmentth…
Zone name
Commercial Neighborhood
General category
COMMERCIAL
Zone area
169.86 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$16,061
Tax year 2023
Assessed value
$1,151,422
Assessed 2024
Previous assessed
$1,151,422
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$876,160
Assessed improvement
$275,262
Land market value
$876,160
Improvement market value
$275,262
Total market value
$1,151,422
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
2019
Heating
YES
Cooling
YES
Stories
1
Total area
252 SF
Lot
0.94 ac (40,946 SF)
Zoning code
CN(D)
APN
137012
UPID
US53-3217175
Jurisdiction
DURHAM
Zoning & alternative use
CN(D) · Durham, NCZoning CN(D) · permitted uses
CN(D) · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The CN District is established to provide for modest-scale commercial centers (as defined in Article 6) in close proximity to residential areas that offer limited commercial uses to satisfy the needs of the surrounding neighborhood. Compatibility is facilitated through design standards and buffering that provide for walkable, pedestrian-orienteddevelopmentthat complements nearby residential neighborhoods. The district is not intended for use by major or large-scale commercial sales, service or automotive-oriented activities. The CN District is only appropriate in locations that have direct access to residential neighborhoods.
Zone name
Commercial Neighborhood
General category
COMMERCIAL
Zone area
169.86 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2019
Heating
YES
Cooling
Yes
Stories
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Ht Fuel Nc LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 10100, MATTHEWS, NC 28106-0100
Ownership since
2015
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
Dec 1, 2015
$1,050,000
Ht Fuel Nc LLC
Amerifoods Ent INC
Grant Deed
—
Nov 16, 2015
—
Amerifoods Ent INC
Amerifoods Durham LLC
Quit Claim Deed
related
—
Mar 5, 2015
—
Amerifoods Durham LLC
Amerifoods Ent INC
Quit Claim Deed
—
Dec 19, 2014
$750,000
Amerifoods Ent INC
Polaris Holdings I LLC
Grant Deed
—
Jan 11, 2006
—
Polaris Holdings I LLC
Kim,tok Son
Grant Deed
related
—
May 27, 2004
—
Fuddruckers INC
—
Grant Deed
related
$26,800,000 · Bank One/milwaukee
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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