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Property profile & analytics
OFF-MARKET
Assisted living facilities
3811 Pickett Rd Durham, NC 27705-5331
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-2083485
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1959
Total area
1,803 SF
Lot
0.62 ac (27,007 SF)
Zoning code
RS-20
APN
138748
UPID
US53-2083485
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Catherine Teese Teese · 4 yrs held
Catherine Teese Teese
since 2022
Last sale
$392,000
4 recorded transactions
Zoning & alternative use
RS-20 · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The RS Districts are established to provide for orderly suburban residentialdevelopmentand redevelopment. A limited number of nonresidential uses are allowed, subject to the restrictions necessary to preserve the character of the suburban neighborhood.
Zone name
Residential Suburban 20
General category
RESIDENTIAL
Zone area
12,311.63 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
—
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
$2,063
Tax year 2024
Assessed value
$207,448
Assessed 2024
Previous assessed
$207,448
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$64,600
Assessed improvement
$142,848
Land market value
$64,600
Improvement market value
$142,848
Total market value
$207,448
Applied tax rate
22.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1959
Heating
YES
Cooling
YES
Stories
1
Bathrooms
2
Total area
1,803 SF
Lot
0.62 ac (27,007 SF)
Zoning code
RS-20
APN
138748
UPID
US53-2083485
Jurisdiction
DURHAM
Zoning & alternative use
RS-20 · Durham, NCZoning RS-20 · permitted uses
RS-20 · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The RS Districts are established to provide for orderly suburban residentialdevelopmentand redevelopment. A limited number of nonresidential uses are allowed, subject to the restrictions necessary to preserve the character of the suburban neighborhood.
Zone name
Residential Suburban 20
General category
RESIDENTIAL
Zone area
12,311.63 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1959
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.62 ac
Current owner
From public records · entity-resolved
Catherine Teese Teese
Individual
Mailing address
105 SHADY SPG PL, DURHAM, NC 27713-9334
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2022
$392,000
Catherine Teese Teese
Jacob Shaner
Warranty Deed
$294,000 · Movement Mortgage
Mar 25, 2021
$345,000
Jacob Shaner
Karla Molero Callrgos
Warranty Deed
$334,650 · Corporate Investors Mortgage Group
Sep 10, 2020
$165,000
Trioaks Capital LLC
Jones Cornell Trust
Warranty Deed
—
Sep 10, 2020
$205,000
Karla M Callirgos
Trioaks Capital LLC
Grant Deed
—
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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