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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Day care centers
3008 Dixon Rd, Durham, NC 27707-3826
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US53-0285688
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1993
Total area
9,197 SF
Lot
1.28 ac (55,757 SF)
Zoning code
RS-10
APN
123210
UPID
US53-0285688
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
-
Primary Colors Early Learning Center Daycare Center Foster Care Service
-
Primary Colors Child Care Center Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$370k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$666k
Blend (final)
Blend
$520k
Owner & transaction history
Turner Dixon Properties LLC · 14 yrs held
Turner Dixon Properties LLC
since 2011
7 recorded transactions
Zoning & alternative use
RS-10 · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$745,000
+7.5%
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
$370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$690,000
Current use
APARTMENT HOUSE (5+ UNITS)
$745,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$665,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$57 / 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
$1,383
Tax year 2024
Assessed value
$1,016,764
Assessed 2024
Previous assessed
$1,016,764
+0.0% YoY
Effective rate
0.14%
On assessed value
Assessed land
$398,125
Assessed improvement
$618,639
Land market value
$398,125
Improvement market value
$618,639
Total market value
$1,016,764
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1993
Heating
YES
Cooling
YES
Stories
1
Total area
9,197 SF
Lot
1.28 ac (55,757 SF)
Zoning code
RS-10
APN
123210
UPID
US53-0285688
Jurisdiction
DURHAM
Zoning & alternative use
RS-10 · Durham, NC
Zoning RS-10 · permitted uses
RS-10 · 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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$690,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$745,000
RETAIL STORES
Est. value
$665,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
APARTMENT HOUSE (5+ UNITS)
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
1993
Heating
YES
Cooling
Yes
Stories
1
Lot
1.28 ac
Current owner
From public records · entity-resolved
Turner Dixon Properties LLC
Entity
Mailing address
3008 DIXON RD, DURHAM, NC 27707-3826
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2019
—
Turner-dixon Properties LLC
—
Deed
related
$1,130,000 · Branch Bk&tr
Oct 28, 2011
—
Turner Dixon Properties LLC
Dwayne Kent Turner
Warranty Deed
$1,128,000 · Keysource Commercial Bank
Oct 4, 2010
—
Turner-trent Properties LLC
Turner,dwayne K & Kara V
Quit Claim Deed
—
May 25, 2006
—
Dwayne Kent Turner
Turner,dwayne Kent
Quit Claim Deed
related
—
—
—
Kara Vample Turner
—
Deed Of Trust
related
$60,000 · Mechanics & Farmers Bank
—
—
Turner-dixon Properties LLC
—
Deed Of Trust
related
$1,130,000 · Branch Bk&tr
—
—
Kara A Vample Turner
—
Deed Of Trust
related
$1,400,000 · Mechanics & Farmers Bank
—
—
Turner,dwayne K JR & Kara V
—
Deed Of Trust
related
$380,000 · Cardinal St 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.
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