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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Super regional malls
3710 Shannon Rd, Durham, NC 27707-6327
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5731621
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1980
Total area
39,025 SF
Lot
4.12 ac (179,467 SF)
Zoning code
CC
APN
137017
UPID
US53-5731621
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
-
Bull Street Gourmet & Market Restaurant
-
HLA Travel Group Inc Travel Agency
-
MiraMold, L.L.C. Social Service Agency
-
Sage and Swift Catering Catering Service Take-out & Catering
-
Shannon Plaza Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$755k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$950k
Owner & transaction history
Whd Hope Valley LLC · 7 yrs held
Whd Hope Valley LLC
since 2018
7 recorded transactions
Zoning & alternative use
CC · 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
by Request
ML approach
$755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$635,000
Current use
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±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
$24 / 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
$133,544
Tax year 2024
Assessed value
$9,573,734
Assessed 2024
Previous assessed
$9,573,734
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$921,240
Assessed improvement
$8,652,494
Land market value
$921,240
Improvement market value
$8,652,494
Total market value
$9,573,734
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1980
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
39,025 SF
Lot
4.12 ac (179,467 SF)
Zoning code
CC
APN
137017
UPID
US53-5731621
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$635,000
NEIGHBORHOOD: SHOPPING CENTER Current
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
1980
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
4.12 ac
Current owner
From public records · entity-resolved
Whd Hope Valley LLC
Entity
Mailing address
728 SHADES CRK PKWY STE #200, BIRMINGHAM, AL 35209-4453
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2021
—
Fairway Hope Valley LLC
—
Deed
related
$6,350,000 · Genworth Life Insurance Company
Aug 1, 2018
$500,000
Whd Hope Valley LLC
Fairway Hope Valley LLC
Special Warranty Deed
—
Aug 1, 2018
—
Whd-hope Valley LLC
Fairway-hope Valley LLC
Quit Claim Deed
related
—
Jun 29, 2018
$9,680,000
Fairway Hope Valley LLC
Oep Hope Valley LLC
Grant Deed
—
Jun 29, 2018
—
Fairway Hope Valley LLC
Oep Hope Valley LLC
Quit Claim Deed
related
—
Jun 8, 2016
—
Oep Hope Valley LLC
Shannon Valley LLC
Quit Claim Deed
related
—
Jun 8, 2016
$10,591,000
Oep Hope Valley LLC
Shannon Valley LLC
Grant Deed
$7,923,096 · Bank Of Nc
May 30, 2013
$7,675,000
Shannon Valley LLC
Hawthorne Shannon Plaza LLC
Grant Deed
—
Nov 1, 2007
$2,425,000
Hawthorne Shannon Plaza LLC
Renr Assoc
Grant Deed
$980,000 · Bank Of North Carolina
—
—
Hawthorne Shannon Plaza LLC
—
Deed Of Trust
related
$575,000 · Bank Of North Carolina
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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