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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Industrial properties
3500 Duke St, Durham, NC 27704-1707
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1055670
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1990
Total area
6,400 SF
Lot
0.94 ac (40,946 SF)
Zoning code
CC
APN
172355
UPID
US53-1055670
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
-
Night & Day Dental Dental Office
-
Dale Stewart, OD Physician
-
MyEyeDr. Contact Lenses Supplier Eye Care Center
-
Keith Hoffman, OD Physician
-
Michael Landreth Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.33M
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$1.60M
Owner & transaction history
Rlr-nc Investments LLC · 10 yrs held
Rlr-nc Investments LLC
since 2015
7 recorded transactions
Zoning & alternative use
CC · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.1M
+59.6%
Auto repair, garage
$1.9M
+44.9%
Retail stores
$1.6M
+22.1%
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%
$1,440,000
6.5%
$1,330,000
7%
$1,235,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,290,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,055,000
Change: +60% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,865,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$1,575,000
Change: +22% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,115,000
Change: -14% · Conversion: Moderate
OFFICE BUILDING
$1,110,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±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
$250 / 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
$27,525
Tax year 2024
Assessed value
$1,973,227
Assessed 2024
Previous assessed
$1,973,227
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$882,906
Assessed improvement
$1,090,321
Land market value
$882,906
Improvement market value
$1,090,321
Total market value
$1,973,227
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1990
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
6,400 SF
Lot
0.94 ac (40,946 SF)
Zoning code
CC
APN
172355
UPID
US53-1055670
Jurisdiction
DURHAM
Zoning & alternative use
CC · Durham, NC
Zoning CC · permitted uses
CC · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RETAIL STORES
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1990
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Rlr-nc Investments LLC
Entity
Free & Clear · 10 yrs held
Mailing address
4640 ADMIRALTY WAY STE #500, MARINA DEL REY, CA 90292-6636
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2025
—
Rlr Nc Investments LLC
—
Deed
related
$150,000 · Lawrence J Slater Trust
Sep 8, 2015
$2,100,000
Rlr-nc Investments LLC
C4 Elion LLC
Grant Deed
—
Jul 30, 2012
—
Bbi Operating LLC
Blockbuster INC
Grant Deed
—
Dec 27, 2005
—
Blockbuster INC
Wjb Rlty LP
Grant Deed
related
—
Oct 24, 2005
—
Blockbuster INC
—
Grant Deed
related
$1,500,000,000 · Jp Morgan Chase Bk
—
—
C4 Elion LLC
—
Deed Of Trust
$12,500,000 · Regions Bk/fayette
—
—
Blockbuster,inc
—
Deed Of Trust
related
$675,000 · Us 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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