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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Drive through restaurants
2103 Allendown Dr, Durham, NC 27713-9218
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1414610
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1998
Total area
3,630 SF
Lot
1.01 ac (43,996 SF)
Zoning code
CN
APN
153801
UPID
US53-1414610
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
-
Cook Out Restaurant
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$1.31M
Owner & transaction history
Cook Out Rtp INC · 5 yrs held
Cook Out Rtp INC
since 2021
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
CN · 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
$1,370,000
ML approach
$1,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±10% · vs last sale $1.28M (Mar 24 2021)
Last sale anchor
$1.28M
Mar 24 2021
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
$360 / 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
$18,047
Tax year 2023
Assessed value
$1,293,819
Assessed 2024
Previous assessed
$1,293,819
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$488,428
Assessed improvement
$805,391
Land market value
$488,428
Improvement market value
$805,391
Total market value
$1,293,819
Applied tax rate
48.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1998
Heating
YES
Cooling
YES
Stories
1
Bathrooms
2
Total area
3,630 SF
Lot
1.01 ac (43,996 SF)
Zoning code
CN
APN
153801
UPID
US53-1414610
Jurisdiction
DURHAM
Zoning & alternative use
CN · Durham, NC
Zoning CN · permitted uses
CN · 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
1998
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.01 ac
Current owner
From public records · entity-resolved
Cook Out Rtp INC
Entity
Free & Clear · 5 yrs held
Mailing address
15 LAURA LN STE #300, THOMASVILLE, NC 27360-5865
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2021
$1,275,000
Cook Out Rtp INC
T R L Properties LLC
Warranty Deed
—
Apr 17, 2018
$1,250,000
Trl Properties LLC
Reaves,jeremy A & Abby R
Warranty Deed
—
Apr 12, 2018
$1,250,000
Jeremy A Reaves
Acf Food Services LLC
Warranty Deed
—
Jul 16, 2015
—
Acf Food Services LLC
55 & Allendown LLC
Warranty Deed
—
Dec 21, 2010
—
Acf Food Services LLC
Finazzo,giuseppe & Cathy
Warranty Deed
—
Jul 7, 2010
$1,025,000
Finazzo,giuseppe & Cathy
55 & Allendown LLC
Warranty Deed
$687,454 · 55 & Allendown LLC
Jul 6, 2010
$1,025,000
Giuseppe Finazzo
55 & Allendown LLC
Grant Deed
—
—
—
Giuseppe Finazzo
—
Deed Of Trust
related
$687,454 · 55 & Allendown LLC
—
—
Giuseppe Finazzo
—
Loan Modification
related
$687,454 · Private Individual
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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