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Property profile & analytics
OFF-MARKET
Estimated value
$18,205,000
Commercial real estate
201 Foster St, Durham, NC 27701-3211
Entity Owned
11-yr Hold
Free & Clear
Property ID
US53-1422378
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1988
Total area
69,247 SF
Lot
3.09 ac (134,600 SF)
Zoning code
DD-C
APN
103046
UPID
US53-1422378
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
-
Durham Marriott City Center Hotel & Motel
-
Table South Kitchen & Bar Restaurant
-
Cheapest Auto Insurance Insurance Agency
-
201 Foster St Garage Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.38M
Comparable Approach
Comparable
$18.31M
Blend (final)
Blend
$18.21M
Owner & transaction history
County Of Durham · 11 yrs held
County Of Durham
since 2014
2 recorded transactions
Zoning & alternative use
DD-C · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$29.6M
+10.7%
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%
$15,580,000
6.5%
$14,380,000
7%
$13,355,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$26,685,000
Current use
RESTAURANT
$29,555,000
Change: +11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$25,575,000
Change: -4% · Conversion: Moderate
OFFICE BUILDING
$23,665,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$18.21M
Range $16.38M – $20.03M · ±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
$263 / 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
Assessed value
$23,645,406
Assessed 2023
Previous assessed
$23,645,406
+0.0% YoY
Assessed land
$8,087,898
Assessed improvement
$15,557,508
Land market value
$8,087,898
Improvement market value
$15,557,508
Total market value
$23,645,406
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1988
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
69,247 SF
Lot
3.09 ac (134,600 SF)
Zoning code
DD-C
APN
103046
UPID
US53-1422378
Jurisdiction
DURHAM
Zoning & alternative use
DD-C · Durham, NC
Zoning DD-C · permitted uses
DD-C · 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
COMMERCIAL (GENERAL) Current
Est. value
$26.7M
RESTAURANT
Est. value
$29.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$25.6M
OFFICE BUILDING
Est. value
$23.7M
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1988
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
3.09 ac
Current owner
From public records · entity-resolved
County Of Durham
Entity
Free & Clear · 11 yrs held
Mailing address
200 E MAIN ST, DURHAM, NC 27701-3649
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2014
—
County Of Durham
City Of Durham
Grant Deed
related
—
Sep 30, 2005
—
Shaner Spe Associates
—
Grant Deed
related
$118,500,000 · Greenwich Cap Fin'l
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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