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Property profile & analytics
OFF-MARKET
Estimated value
$5,790,000
Assisted living facilities
3007 Pickett Rd, Durham, NC 27705-6059
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-1580868
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1989
Total area
125,643 SF
Lot
4.29 ac (186,872 SF)
Zoning code
OI(D)
APN
137177
UPID
US53-1580868
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
-
Regent Place Housing Complex
-
The Regent senior living Corporate Office
-
Legacy Healthcare Services Home Health Care Service
-
Holiday Durham Regent Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.79M
Owner & transaction history
Nic 13 Durham Regent Owner LLP · 7 yrs held
Nic 13 Durham Regent Owner LLP
since 2018
5 recorded transactions
Zoning & alternative use
OI(D) · 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
$46 / 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
$217,250
Tax year 2024
Assessed value
$15,574,571
Assessed 2024
Previous assessed
$15,574,571
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$1,845,000
Assessed improvement
$13,729,571
Land market value
$1,845,000
Improvement market value
$13,729,571
Total market value
$15,574,571
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1989
Heating
YES
Cooling
YES
Stories
4
Total area
125,643 SF
Lot
4.29 ac (186,872 SF)
Zoning code
OI(D)
APN
137177
UPID
US53-1580868
Jurisdiction
DURHAM
Zoning & alternative use
OI(D) · Durham, NC
Zoning OI(D) · permitted uses
OI(D) · 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
1989
Heating
YES
Cooling
Yes
Stories
4
Lot
4.29 ac
Current owner
From public records · entity-resolved
Nic 13 Durham Regent Owner LLP
Entity
Mailing address
PO BOX 71970, PHOENIX, AZ 85050-1017
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2018
—
Nic 13 Durham Regent Owner LLP
—
Deed
related
$720,000,000 · Keybank USA
Jun 6, 2018
—
Nic 13 Durham Regent Owner LP
—
Deed
related
$625,000,000 · Jp Morgan Chase Bk
—
—
Retirement Durham II Residen
—
Deed Of Trust
related
$1,842,094,336 · Goldman Sachs Comm'l Mtg Cap
—
—
Nic 13 Durham Regent Owner LP
—
Deed Of Trust
related
$625,000,000 · Jp Morgan Chase Bk
—
—
Nic 13 Durham Regent Owner LLP
—
Deed Of Trust
related
$720,000,000 · Keybank USA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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