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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Day care centers
309 Queen St, Durham, NC 27701-3445
Individually Owned
10-yr Hold
Free & Clear
Property ID
US53-2034772
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1973
Total area
8,329 SF
Lot
1.76 ac (76,666 SF)
Zoning code
DD-S2
APN
110534
UPID
US53-2034772
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
-
Scarborough & Hargett Celebration of Life Center, Inc. Social Service Agency
-
Scarborough Nursery School Daycare Center
-
Cheap Car Insurance Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$816k
Blend (final)
Blend
$635k
Owner & transaction history
Queen Bass-scarborough · 10 yrs held
Queen Bass-scarborough
since 2015
2 recorded transactions
Zoning & alternative use
DD-S2 · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$910,000
+45.2%
Office building
$875,000
+39.8%
Retail stores
$840,000
+34.5%
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
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$625,000
Current use
INDUSTRIAL (GENERAL)
$910,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$875,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$840,000
Change: +35% · Conversion: Difficult
AUTO REPAIR, GARAGE
$840,000
Change: +34% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$755,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$76 / 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
$17,380
Tax year 2024
Assessed value
$1,245,952
Assessed 2024
Previous assessed
$1,245,952
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$882,075
Assessed improvement
$363,877
Land market value
$882,075
Improvement market value
$363,877
Total market value
$1,245,952
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
1973
Heating
YES
Cooling
YES
Stories
1
Total area
8,329 SF
Lot
1.76 ac (76,666 SF)
Zoning code
DD-S2
APN
110534
UPID
US53-2034772
Jurisdiction
DURHAM
Zoning & alternative use
DD-S2 · Durham, NC
Zoning DD-S2 · permitted uses
DD-S2 · 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
$625,000
INDUSTRIAL (GENERAL)
Est. value
$910,000
OFFICE BUILDING
Est. value
$875,000
RETAIL STORES
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$840,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$755,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1973
Heating
YES
Cooling
Yes
Stories
1
Lot
1.76 ac
Current owner
From public records · entity-resolved
Queen Bass-scarborough
Individual
Free & Clear · 10 yrs held
Mailing address
PO BOX 51041, DURHAM, NC 27717-1041
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2015
—
Queen Bass-scarborough
Scarborough Nursery School INC
Quit Claim Deed
—
Jul 18, 2013
—
Scarborough Nursery School INC
Daisy E Scarborough Home INC
Quit Claim Deed
—
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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