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Property profile & analytics
OFF-MARKET
Estimated value
$6,040,000
Grocery and convenience stores
3420 Durham Dr Durham, NC 27707-3351
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1924439
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2004
Total area
58,272 SF
Lot
4.91 ac (213,880 SF)
Zoning code
CSD-C
APN
196943
UPID
US53-1924439
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
-
higi Physician
-
Big Lots Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.04M
Owner & transaction history
Pathfinder Patterson Place LLC · 7 yrs held
Pathfinder Patterson Place LLC
since 2019
3 recorded transactions
Zoning & alternative use
CSD-C · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Compact Suburban Design (CSD) District is intended to encouragedevelopmentof appropriate urbanstreetscapeand form through bicycling, pedestrian, and transit-orienteddevelopmentthrough various sub-districts similar to the Downtown Design District.
Zone name
Compact Suburban Design Core
General category
COMMERCIAL
Zone area
98.02 ac
Source
Realmo
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
$104 / 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
$59,131
Tax year 2024
Assessed value
$4,239,057
Assessed 2024
Previous assessed
$4,239,057
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$3,537,900
Assessed improvement
$701,157
Land market value
$3,537,900
Improvement market value
$701,157
Total market value
$4,239,057
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2004
Heating
YES
Cooling
YES
Stories
1
Total area
58,272 SF
Lot
4.91 ac (213,880 SF)
Zoning code
CSD-C
APN
196943
UPID
US53-1924439
Jurisdiction
DURHAM
Zoning & alternative use
CSD-C · Durham, NCZoning 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
Zoning description
The Compact Suburban Design (CSD) District is intended to encouragedevelopmentof appropriate urbanstreetscapeand form through bicycling, pedestrian, and transit-orienteddevelopmentthrough various sub-districts similar to the Downtown Design District.
Zone name
Compact Suburban Design Core
General category
COMMERCIAL
Zone area
98.02 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2004
Heating
YES
Cooling
Yes
Stories
1
Lot
4.91 ac
Current owner
From public records · entity-resolved
Pathfinder Patterson Place LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2420 OXFORD RD, RALEIGH, NC 27608-1538
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2019
—
Pathfinder Patterson Place LLC
—
Deed
related
$3,500,000 · Virginia Cu
Mar 1, 2019
$2,000,000
Pathfinder Patterson Place LLC
Kroger LP
Grant Deed
—
—
—
Pathfinder Patterson Place LLC
—
Deed Of Trust
related
$3,500,000 · Virginia Cu
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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