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Property profile & analytics
OFF-MARKET
Super regional malls
2937 Miami Blvd Durham, NC 27703
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1734040
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1999
Total area
44,655 SF
Lot
3.54 ac (154,202 SF)
Zoning code
CC
APN
157312
UPID
US53-1734040
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
-
LabCorp South Miami Drug Testing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tl Presidential Park West Propertyo · 1 yrs held
Tl Presidential Park West Propertyo
since 2025
Last sale
$95.9M
6 recorded transactions
Zoning & alternative use
CC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$64,983
Tax year 2024
Assessed value
$4,658,644
Assessed 2024
Previous assessed
$4,658,644
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$727,040
Assessed improvement
$3,931,604
Land market value
$727,040
Improvement market value
$3,931,604
Total market value
$4,658,644
Applied tax rate
55.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1999
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
44,655 SF
Lot
3.54 ac (154,202 SF)
Zoning code
CC
APN
157312
UPID
US53-1734040
Jurisdiction
DURHAM
Zoning & alternative use
CC · Durham, NC
Zoning CC · permitted uses
CC · 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
1999
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
3.54 ac
Current owner
From public records · entity-resolved
Tl Presidential Park West Propertyo
Individual
Free & Clear · 1 yrs held
Mailing address
3843 W CHESTER PIKE, NEWTOWN SQUARE, PA 19073-2304
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jun 25, 2025
$122,305,000
Tl Presidential Park West Propertyo
Rdu Presidential Park West Property
Special Warranty Deed
—
Apr 13, 2021
$95,865,000
Rdu Presidential Park West Prop Own
Presidential Park West Prop Owner L
Special Warranty Deed
$299,253 · Goldman Sachs Bank USA
Jul 19, 2018
$4,750,000
Presidential Pk W Prop Owner L
Raleigh Portfolio Jh Retail Ll
Grant Deed
—
Jul 7, 2016
—
Raleigh Portfolio Jh Retail Ll
—
Deed
related
$9,100,000 · Fifth Third Bk
Jan 18, 2006
$3,288,000
Portfolio Jh Retail Ll Raleigh
Parker Raleigh Development
Grant Deed
related
—
—
—
Raleigh Portfolio Jh Retail Ll
—
Deed Of Trust
related
$9,100,000 · Fifth Third Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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