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Property profile & analytics
OFF-MARKET
Estimated value
$1,980,000
Industrial properties
305 Dillard St Durham, NC 27701-3743
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US53-2154725
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1926
Total area
15,216 SF
Lot
0.46 ac (20,038 SF)
Zoning code
DD-S1
APN
102862
UPID
US53-2154725
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
-
Club Era Nightclub
-
Shattering Light Photography Photography Service (Bike/Boat/Book/etc) Store
-
iTravel for Culture Travel Agency Tour Operator
-
The Fruit Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.98M
Owner & transaction history
Halo Art Durham LLC · 12 yrs held
Halo Art Durham LLC
since 2014
7 recorded transactions
Zoning & alternative use
DD-S1 · 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
$130 / 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
$13,124
Tax year 2024
Assessed value
$895,907
Assessed 2024
Previous assessed
$895,907
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$368,000
Assessed improvement
$527,907
Land market value
$368,000
Improvement market value
$527,907
Total market value
$895,907
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1926
Heating
HEAT PUMP
Cooling
YES
Stories
2
Total area
15,216 SF
Lot
0.46 ac (20,038 SF)
Zoning code
DD-S1
APN
102862
UPID
US53-2154725
Jurisdiction
DURHAM
Zoning & alternative use
DD-S1 · Durham, NC
Zoning DD-S1 · permitted uses
DD-S1 · 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
1926
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
Halo Art Durham LLC
Entity
Mailing address
305 S DILLARD ST, DURHAM, NC 27701-3743
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2020
—
Halo Art Durham LLC
—
Deed
related
$50,000 · Marya J Mcneish
Apr 20, 2020
—
Halo Art Durham LLC
—
Deed
related
$750,000 · Laura Ritchie
Oct 11, 2017
—
Halo Art Durham LLC
—
Deed
related
$750,000 · Laura Ritchie
May 1, 2014
$525,000
Halo Art Durham LLC
Cdj Properties LLC
Grant Deed
—
Apr 20, 2012
$250,000
Cdj Properties LLC
305 South Dillard LLC
Warranty Deed
$200,000 · 305 South Dillard LLC
Apr 23, 2009
—
305 South Dillard LLC
Ward,robert E
Grant Deed
related
—
Dec 21, 2004
—
Ward,virginiae P
Davie,william R & Brenda C
Warranty Deed
related
—
—
—
Cdj Properties LLC
—
Deed Of Trust
related
$200,669 · Jeffrey T & Christopher R Osborn
—
—
Halo Art Durham LLC
—
Deed Of Trust
related
$750,000 · Laura Ritchie
—
—
Halo Art Durham LLC
—
Loan Modification
related
$750,000 · Laura Ritchie
—
—
Halo Art Durham LLC
—
Deed Of Trust
related
$50,000 · Marya J Mcneish
—
—
Halo Art Durham LLC
—
Deed Of Trust
related
$1,250,000 · Friends/the Fruit LLC
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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