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Property profile & analytics
OFF-MARKET
Estimated value
$11,200,000
Office buildings
3104 Croasdaile Dr, Durham, NC 27705-2508
Entity Owned
22-yr Hold
Free & Clear
Property ID
US53-1869260
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1988
Total area
51,904 SF
Lot
4.01 ac (174,676 SF)
Zoning code
OI
APN
130467
UPID
US53-1869260
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
-
Fonville Morisey Realty: Kim Hanan Real Estate Agency
-
Durham, NC Real Estate & Real Estate Careers Real Estate Agency
-
Living & Loving The Triangle NC Real Estate Agency
-
lisa borer real estate Real Estate Agency
-
Kyle Miller - Fonville Morisey Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.16M
Comparable Approach
Comparable
$9.10M
Blend (final)
Blend
$11.20M
Owner & transaction history
3104 Croasdaile Drive LLC · 22 yrs held
3104 Croasdaile Drive LLC
since 2003
2 recorded transactions
Zoning & alternative use
OI · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$15.1M
+53.0%
Retail stores
$12.8M
+28.9%
Commercial (general)
$12.5M
+26.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$14,250,000
6.5%
$13,155,000
7%
$12,215,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,895,000
Current use
AUTO REPAIR, GARAGE
$15,135,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$12,755,000
Change: +29% · Conversion: Moderate
COMMERCIAL (GENERAL)
$12,495,000
Change: +26% · Conversion: Easy
INDUSTRIAL (GENERAL)
$9,025,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$11.20M
Range $10.08M – $12.32M · ±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
$216 / 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
$65,157
Tax year 2024
Assessed value
$4,671,054
Assessed 2024
Previous assessed
$4,671,054
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$876,575
Assessed improvement
$3,794,479
Land market value
$876,575
Improvement market value
$3,794,479
Total market value
$4,671,054
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1988
Heating
YES
Cooling
YES
Stories
3
Total area
51,904 SF
Lot
4.01 ac (174,676 SF)
Zoning code
OI
APN
130467
UPID
US53-1869260
Jurisdiction
DURHAM
Zoning & alternative use
OI · Durham, NC
Zoning OI · permitted uses
OI · 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
OFFICE BUILDING Current
Est. value
$9.9M
AUTO REPAIR, GARAGE
Est. value
$15.1M
RETAIL STORES
Est. value
$12.8M
COMMERCIAL (GENERAL)
Est. value
$12.5M
INDUSTRIAL (GENERAL)
Est. value
$9.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1988
Heating
YES
Cooling
Yes
Stories
3
Lot
4.01 ac
Current owner
From public records · entity-resolved
3104 Croasdaile Drive LLC
Entity
Free & Clear · 22 yrs held
Mailing address
PO BOX 2611, RALEIGH, NC 27602-2611
Ownership since
2003
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
Oct 16, 2003
—
3104 Croasdaile Drive LLC
Dorsett,anna S
Grant Deed
related
—
—
—
3104 Croasdaile Drive LLC
—
Deed Of Trust
related
$855,000 · Wachovia Bk/sc
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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