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Property profile & analytics
OFF-MARKET
Estimated value
$2,075,000
Garden apartment buildings
2836 Chapel Hl Rd, Durham, NC 27707-2700
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2111943
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1966
Total area
22,462 SF
Lot
7.9 ac (344,124 SF)
Zoning code
CG,RS-M
APN
121499
UPID
US53-2111943
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
-
Valley Terrace Apartment Complex
-
Casa de génesis Ramona que pedo maje Nightclub DJ & Entertainment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.60M
Comparable Approach
Comparable
$2.70M
Blend (final)
Blend
$2.08M
Owner & transaction history
Durham Holdings 2 LLC · 12 yrs held
Durham Holdings 2 LLC
since 2013
6 recorded transactions
Zoning & alternative use
CG,RS-M · 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%
$2,815,000
6.5%
$2,600,000
7%
$2,410,000
Blend value · Realmo final
$2.08M
Range $1.87M – $2.28M · ±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
$92 / 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
$119,991
Tax year 2024
Assessed value
$8,280,846
Assessed 2024
Previous assessed
$8,280,846
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$1,300,000
Assessed improvement
$6,980,846
Land market value
$1,300,000
Improvement market value
$6,980,846
Total market value
$8,280,846
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1966
Heating
YES
Cooling
YES
Stories
2
Total area
22,462 SF
Lot
7.9 ac (344,124 SF)
Zoning code
CG,RS-M
APN
121499
UPID
US53-2111943
Jurisdiction
DURHAM
Zoning & alternative use
CG,RS-M · Durham, NC
Zoning CG,RS-M · permitted uses
CG,RS-M · 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
YES
Cooling
Yes
Stories
2
Lot
7.9 ac
Current owner
From public records · entity-resolved
Durham Holdings 2 LLC
Entity
Mailing address
7 PENN PLZ #512, NEW YORK, NY 10001-3967
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
May 4, 2020
—
Durham Holdings 2 LLC
—
Deed
related
$10,925,040 · Arbor Commercial Funding I LLC
Aug 11, 2017
—
Durham Holdings LLC
—
Deed
related
$2,985,000 · Wells Fargo Bank NA
Nov 19, 2013
$6,200,000
Durham Holdings 2 LLC
Baxter B Benson III
Special Warranty Deed
$4,800,000 · Wells Fargo Bank NA
Nov 12, 2013
—
Benson,baxter B II Trust
Valley Terrace Apartments Co
Quit Claim Deed
related
—
Nov 18, 2010
$22,000
Williams John A JR Trust
Haigler,ashley B & Harvey F
Grant Deed
—
Nov 1, 2007
—
Valley Terrace Apartments Co
Valley,terrace Apartments
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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