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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Retail space
321 Main St Durham, CT 06422-1614
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US15-0677039
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Construction
FRAME
Total area
5,706 SF
Lot
0.61 ac (26,572 SF)
Zoning code
C
APN
DURH S0225200
UPID
US15-0677039
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
-
HealthMart Pharmacy Pharmacy
-
UPS Authorized Shipping Provider Courier Service Postal Service
-
Amazon Counter - Health Mart Pharmacy Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$540k
Owner & transaction history
Guangming Li · 4 yrs held
Guangming Li
since 2022
Last sale
$553,730
1 recorded transaction
Zoning & alternative use
C · Durham, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Commercial
General category
COMMERCIAL
Zone area
81.20 ac
Source
Realmo
Top alternative use upside
Restaurant
$680,000
+27.2%
Industrial (general)
$620,000
+16.0%
Commercial (general)
$615,000
+15.9%
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
$535,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$535,000
Current use
RESTAURANT
$680,000
Change: +27% · Conversion: Easy
INDUSTRIAL (GENERAL)
$620,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$615,000
Change: +16% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$545,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $554k (Mar 24 2022)
Last sale anchor
$554k
Mar 24 2022
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
$95 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$7,788
Tax year 2023
Assessed value
$223,930
Assessed 2023
Previous assessed
$223,930
+0.0% YoY
Effective rate
3.48%
On assessed value
Assessed land
$112,700
Assessed improvement
$111,230
Applied tax rate
260.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1962
Construction
FRAME
Heating
NONE
Buildings
1
Units
1
Total area
5,706 SF
Lot
0.61 ac (26,572 SF)
Zoning code
C
APN
DURH S0225200
UPID
US15-0677039
Jurisdiction
DURHAM
Zoning & alternative use
C · Durham, CTZoning C · permitted uses
C · Durham, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Commercial
General category
COMMERCIAL
Zone area
81.20 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$535,000
RESTAURANT
Est. value
$680,000
INDUSTRIAL (GENERAL)
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$615,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$545,000
RETAIL STORES Current
RESTAURANT
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1962
Construction
FRAME
Heating
NONE
Buildings
1
Units
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Guangming Li
Individual
Mailing address
321 MAIN ST, DURHAM, CT 06422-1614
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2022
$553,730
Guangming Li
Marco Spatuzzi
Warranty Deed
$393,148 · Silver Hill Funding
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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