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Property profile & analytics
OFF-MARKET
Estimated value
$7,070,000
Retail space
3330 Watkins Rd Durham, NC 27707-3349
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5718173
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1982
Total area
2,000 SF
Lot
4.32 ac (188,179 SF)
Zoning code
CSD-C
APN
140171
UPID
US53-5718173
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
-
Adam's Speedy Roof Repair Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.07M
Owner & transaction history
Piedmont Patterson Place Owner LLC · 5 yrs held
Piedmont Patterson Place Owner LLC
since 2021
Last sale
$6.8M
7 recorded transactions
Zoning & alternative use
CSD-C · 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
Method
Estimation
Statistic approach
$7,325,000
ML approach
$7,335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.07M
Range $6.36M – $7.78M · ±10% · vs last sale $6.81M (May 26 2021)
Last sale anchor
$6.81M
May 26 2021
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
$3,535 / 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
$54,767
Tax year 2024
Assessed value
$3,926,248
Assessed 2024
Previous assessed
$3,926,248
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$3,926,248
Land market value
$3,926,248
Total market value
$3,926,248
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1982
Heating
NONE
Cooling
YES
Stories
1
Rooms
5
Bathrooms
6
Total area
2,000 SF
Lot
4.32 ac (188,179 SF)
Zoning code
CSD-C
APN
140171
UPID
US53-5718173
Jurisdiction
DURHAM
Zoning & alternative use
CSD-C · Durham, NC
Zoning CSD-C · permitted uses
CSD-C · 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
1982
Heating
NONE
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
6
Lot
4.32 ac
Current owner
From public records · entity-resolved
Piedmont Patterson Place Owner LLC
Entity
Mailing address
4 W RED OAK LN STE #325, WEST HARRISON, NY 10604-3623
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2021
$6,812,500
Piedmont Patterson Place Owner LLC
Cheryl M Howlett
Special Warranty Deed
—
May 11, 2021
—
Louis P Gonzalez
Lrc Vii LLC
Intrafamily Transfer
related
—
Dec 30, 2019
—
Lrc Vii LLC
—
Deed
related
$3,500,000 · The Fidelity Bank
Sep 5, 2018
$7,748,000
Crowne At 501 LP
Lrc Vii LLC
Grant Deed
—
Apr 6, 2016
—
Lrc Vii LLC
Gonzalez Louis P Trust
Grant Deed
—
Mar 29, 2016
$5,300,000
Louis P Gonzalez
Faith Increase LLC
Warranty Deed
$3,975,000 · Fidelity Bank
Nov 9, 2005
—
Faith Increase LLC
Pike,david V B & Rhonda W
Quit Claim Deed
related
—
—
—
Faith Increase LLC
—
Deed Of Trust
related
$550,000 · Branch Banking & Trust Co
—
—
Faith Increase LLC
—
Deed Of Trust
related
$135,935 · Keysource Commercial Bank
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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