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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Apartment buildings
2562 Durham Dayton Hwy Durham, CA 95938-9654
Individually Owned
2-yr Hold
Free & Clear
Property ID
US09-2589374
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
6,762 SF
Lot
0.96 ac (41,817 SF)
Zoning code
SR1
APN
039-520-015-000
UPID
US09-2589374
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
$1.18M
Comparable Approach
Comparable
$774k
Blend (final)
Blend
$1.05M
Owner & transaction history
Lawrence K Pitkin · 2 yrs held
Lawrence K Pitkin
since 2024
2 recorded transactions
Zoning & alternative use
SR1 · Durham, CA
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%
$1,280,000
6.5%
$1,180,000
7%
$1,095,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,235,000
Current use
INDUSTRIAL (GENERAL)
$1,040,000
Change: -16% · Conversion: Difficult
OFFICE BUILDING
$1,020,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±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
$155 / 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
$13,772
Tax year 2024
Assessed value
$1,273,143
Assessed 2024
Previous assessed
$1,273,143
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$424,483
Assessed improvement
$848,660
Applied tax rate
70.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1963
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Rooms
12
Total area
6,762 SF
Lot
0.96 ac (41,817 SF)
Zoning code
SR1
APN
039-520-015-000
UPID
US09-2589374
Jurisdiction
BUTTE
Zoning & alternative use
SR1 · Durham, CA
Zoning SR1 · permitted uses
SR1 · Durham, CA
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
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
1963
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Rooms
12
Lot
0.96 ac
Current owner
From public records · entity-resolved
Lawrence K Pitkin
Individual
Free & Clear · 2 yrs held
Mailing address
2562 DURHAM DAYTON HWY, DURHAM, CA 95938-9654
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
May 9, 2024
—
Lawrence K Pitkin
Lawrence K Pitkin
Intrafamily Transfer
related
—
Jul 20, 1992
—
Ike Family Trust
Ike,melvin E & C
Quit Claim Deed
related
—
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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