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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Warehouses
206 Broadway St, Durham, NC 27701-2404
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0177539
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1966
Total area
12,000 SF
Lot
0.64 ac (27,878 SF)
Zoning code
DD-S1
APN
104923
UPID
US53-0177539
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
-
Durty Bull Brewing Company Production Facility Brewery & Distillery
-
World Spice, Spice Lab & Warehouse Warehouse & Storage
-
GoPuff Durham Grocery & Convenience Store
-
Durham Group Law Firm
-
Weant Builders Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
$1.32M
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$985k
Owner & transaction history
206 Broadway LLC · 7 yrs held
206 Broadway LLC
since 2019
6 recorded transactions
Zoning & alternative use
DD-S1 · 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
$625,000
CAP Approach
CAP Return
Estimation
6%
$1,425,000
6.5%
$1,315,000
7%
$1,220,000
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±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
$82 / 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
$28,961
Tax year 2024
Assessed value
$1,977,942
Assessed 2024
Previous assessed
$1,977,942
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$1,378,674
Assessed improvement
$599,268
Land market value
$1,378,674
Improvement market value
$599,268
Total market value
$1,977,942
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1966
Heating
NONE
Cooling
YES
Stories
1
Total area
12,000 SF
Lot
0.64 ac (27,878 SF)
Zoning code
DD-S1
APN
104923
UPID
US53-0177539
Jurisdiction
DURHAM
Zoning & alternative use
DD-S1 · Durham, NC
Zoning DD-S1 · permitted uses
DD-S1 · 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
1966
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
206 Broadway LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2509 VICTORIA PARK LN, RALEIGH, NC 27614-6858
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Jan 10, 2019
—
206 Broadway LLC
Gwc Properties
Grant Deed
—
Jan 10, 2019
$3,395,000
206 Broadway LLC
Gwc Properties
Grant Deed
—
Mar 31, 2015
$1,400,000
Gwc Properties
206 Broadway Street Ptrs LLC
Warranty Deed
—
Feb 1, 2005
$380,000
206 Broadway Street Ptrs LLC
Reaves,paul H JR & Margaret M
Warranty Deed
—
—
—
Gwc Properties
—
Deed Of Trust
related
$491,274 · Branch Bk&tr
—
—
Gwc Properties
—
Deed Of Trust
related
$554,791 · Branch Bk&tr
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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