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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Office buildings
1821 Grn St, Durham, NC 27705-4185
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-2402507
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1963
Total area
5,415 SF
Lot
0.32 ac (13,939 SF)
Zoning code
CD-S2
APN
101790
UPID
US53-2402507
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
-
The Parlour Junior Grocery & Convenience Store Specialty Food Shop
-
The Common Market Take-out & Catering
-
Common Market Durham Restaurant
-
Mid Bloom Coffee Cafe & Coffee Shop
-
Coalition for Peace with Justice Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.37M
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.45M
Owner & transaction history
1821 Green Street LLC · 5 yrs held
1821 Green Street LLC
since 2021
4 recorded transactions
Zoning & alternative use
CD-S2 · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+123.8%
Auto repair, garage
$1.6M
+53.0%
Retail stores
$1.3M
+28.9%
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%
$1,485,000
6.5%
$1,370,000
7%
$1,275,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,035,000
Current use
RESTAURANT
$2,310,000
Change: +124% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,580,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$1,330,000
Change: +29% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,305,000
Change: +26% · Conversion: Easy
INDUSTRIAL (GENERAL)
$940,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±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
$268 / 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
$9,512
Tax year 2023
Assessed value
$681,888
Assessed 2024
Previous assessed
$698,080
-2.3% YoY
Effective rate
1.39%
On assessed value
Assessed land
$199,254
Assessed improvement
$482,634
Land market value
$199,254
Improvement market value
$482,634
Total market value
$681,888
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1963
Heating
YES
Cooling
YES
Stories
1
Total area
5,415 SF
Lot
0.32 ac (13,939 SF)
Zoning code
CD-S2
APN
101790
UPID
US53-2402507
Jurisdiction
DURHAM
Zoning & alternative use
CD-S2 · Durham, NC
Zoning CD-S2 · permitted uses
CD-S2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.0M
RESTAURANT
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$940,000
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1963
Heating
YES
Cooling
Yes
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
1821 Green Street LLC
Entity
Free & Clear · 5 yrs held
Mailing address
277 QUEENS RD, CHARLOTTE, NC 28204-3217
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2021
—
1821 Green Street LLC
Democracy North Carolina
Deed
—
Mar 16, 2021
$860,000
1821 Green Street LLC
Democracy North Carolina
Special Warranty Deed
$747,262 · Uwharrie Bank
Apr 26, 2007
$285,000
Democracy North Carolina
Shared Visions Foundation INC
Warranty Deed
$200,000 · Suntrust Bank
Oct 17, 2006
—
Visions Foundation Shared
Miller,jesse E
Grant 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.
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