New search
Property profile & analytics
FOR SALE
Warehouses
2012 T W Alexander Dr, Durham, NC 27703
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2795420
For Sale
1 / 4
$21,160,000
2012 T W Alexander Dr, Durham, NC 27703
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Total area
244,868 SF
Lot
20.91 ac (910,840 SF)
Zoning code
IP
APN
157399
UPID
US53-2795420
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
-
LIfespan Insulation General Contractor Renovation Specialist
-
FDR Engineers, PLLC Structural Engineer
-
Professional Mail Services, Inc. Marketing & Advertising Printing Service
-
Klaussner Home Furnishings Home Decor Store Department Store
-
The Steel Network, Inc. (TSN) Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$26.80M
Comparable Approach
Comparable
$16.09M
Blend (final)
Blend
$21.16M
Owner & transaction history
Pepf Tdc LLC · 9 yrs held
Pepf Tdc LLC
since 2016
5 recorded transactions
Zoning & alternative use
IP · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$29,035,000
6.5%
$26,800,000
7%
$24,885,000
Blend value · Realmo final
$21.16M
Range $19.04M – $23.28M · ±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
$86 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$272,157
Tax year 2024
Assessed value
$19,510,874
Assessed 2024
Previous assessed
$19,510,874
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$2,042,136
Assessed improvement
$17,468,738
Land market value
$2,042,136
Improvement market value
$17,468,738
Total market value
$19,510,874
Applied tax rate
69.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
2000
Heating
SPACE
Stories
1
Total area
244,868 SF
Lot
20.91 ac (910,840 SF)
Zoning code
IP
APN
157399
UPID
US53-2795420
Jurisdiction
DURHAM
Zoning & alternative use
IP · Durham, NC
Zoning IP · permitted uses
IP · 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
2000
Heating
SPACE
Stories
1
Lot
20.91 ac
Current owner
From public records · entity-resolved
Pepf Tdc LLC
Entity
Mailing address
801 GRAND AVE, DES MOINES, IA 50309-8000
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2016
$20,075,000
Pepf Tdc LLC
Tdc Durham LLC
Grant Deed
$11,000,000 · Wilmington Tr N #2015-c23 (ce)
Jul 31, 2014
$16,000,000
Tdc Durham LLC
Tech Distribution Center LLC
Grant Deed
—
Dec 21, 2006
$8,650,000
Tech Distribution Center LLC
Tech Distribution Properties LLC
Special Warranty Deed
$10,500,000 · Coastal FCU
—
—
Tdc Durham LLC
—
Deed Of Trust
related
$11,000,000 · Bank Of America
—
—
Tdc Durham LLC
—
Deed Of Trust
related
$9,600,000 · Webster Bk 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
