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Property profile & analytics
OFF-MARKET
Estimated value
$2,720,000
Industrial properties
2403 Guess Rd, Durham, NC 27705-3304
Individually Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0065039
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1960
Total area
14,962 SF
Lot
1.97 ac (85,813 SF)
Zoning code
CG
APN
125180
UPID
US53-0065039
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.11M
Comparable Approach
Comparable
$3.03M
Blend (final)
Blend
$2.72M
Owner & transaction history
Wha Lee Geon · 19 yrs held
Wha Lee Geon
since 2007
3 recorded transactions
Zoning & alternative use
CG · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.4M
+21.2%
Retail stores
$3.7M
+2.1%
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%
$3,365,000
6.5%
$3,105,000
7%
$2,885,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,600,000
Current use
AUTO REPAIR, GARAGE
$4,365,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$3,675,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$2.72M
Range $2.45M – $2.99M · ±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
$182 / 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
$19,744
Tax year 2024
Assessed value
$1,415,475
Assessed 2024
Previous assessed
$1,415,475
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$661,473
Assessed improvement
$754,002
Land market value
$661,473
Improvement market value
$754,002
Total market value
$1,415,475
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1960
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
14,962 SF
Lot
1.97 ac (85,813 SF)
Zoning code
CG
APN
125180
UPID
US53-0065039
Jurisdiction
DURHAM
Zoning & alternative use
CG · Durham, NC
Zoning CG · permitted uses
CG · 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
$3.6M
AUTO REPAIR, GARAGE
Est. value
$4.4M
RETAIL STORES
Est. value
$3.7M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1960
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.97 ac
Current owner
From public records · entity-resolved
Wha Lee Geon
Individual
Mailing address
12717 12TH AVE NE, SEATTLE, WA 98125-4012
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2007
$1,350,000
Wha Lee Geon
Cotton Family LP
Warranty Deed
$910,885 · Pacific International Bank
Feb 12, 2007
—
Cotton Family Ltd Ptnrp
Cotton,geraldine W
Quit Claim Deed
related
—
—
—
John Lee
—
Loan Modification
related
$910,885 · Bbu Bank
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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