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Property profile & analytics
OFF-MARKET
Estimated value
$2,400,000
Office buildings
4003 Roxboro St, Durham, NC 27704-2119
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-5753526
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1991
Total area
6,807 SF
Lot
0.89 ac (38,768 SF)
Zoning code
OI
APN
172370
UPID
US53-5753526
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
-
Dr. James A. Partridge, MD Pediatrician Medical Clinic
-
Dr. Althea H. Massenburg, MD Physician
-
Kimberly Boggs Physician
-
Dr. Poorvi J. Shah, MD Pediatrician Medical Clinic
-
Megan Moyles Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.40M
CAP Approach
CAP
$1.73M
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$2.40M
Owner & transaction history
Bank Ozk · 2 yrs held
Bank Ozk
since 2024
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
OI · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.9M
+145.6%
Apartment house (5+ units)
$2.2M
+84.9%
Auto repair, garage
$2.0M
+67.8%
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
$2,400,000
ML approach
$2,400,000
CAP Approach
CAP Return
Estimation
6%
$1,870,000
6.5%
$1,725,000
7%
$1,600,000
Alternative Use
Use
Estimation
RESTAURANT
$2,905,000
Change: +146% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,185,000
Change: +85% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,985,000
Change: +68% · Conversion: Difficult
RETAIL STORES
$1,675,000
Change: +41% · Conversion: Moderate
Blend value · Realmo final
$2.40M
Range $2.16M – $2.64M · ±10% · vs last sale $2.40M (Jan 19 2024)
Last sale anchor
$2.40M
Jan 19 2024
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
$353 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$17,978
Tax year 2022
Assessed value
$1,404,657
Assessed 2023
Previous assessed
$1,404,657
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$328,050
Assessed improvement
$1,076,607
Land market value
$328,050
Improvement market value
$1,076,607
Total market value
$1,404,657
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1991
Heating
YES
Cooling
YES
Stories
1
Total area
6,807 SF
Lot
0.89 ac (38,768 SF)
Zoning code
OI
APN
172370
UPID
US53-5753526
Jurisdiction
DURHAM
Zoning & alternative use
OI · Durham, NC
Zoning OI · permitted uses
OI · 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
RESTAURANT
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RETAIL STORES
Est. value
$1.7M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1991
Heating
YES
Cooling
Yes
Stories
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Bank Ozk
Entity
Mailing address
18000 CANTRELL RD, LITTLE ROCK, AR 72223-9729
Ownership since
2024
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
Jan 19, 2024
—
Bank Ozk
Durham Primary Care LLC
Deed
—
Jan 19, 2024
$2,400,000
Bank Ozk
Durham Primary Care LLC
Special Warranty Deed
—
Apr 30, 2018
—
Durham Primary Care LLC
—
Deed
related
$850,000 · Trupoint Bank
Aug 28, 2007
$1,300,000
Durham Primary Care LLC
J & A Realty Associates
Grant Deed
—
Aug 28, 2007
—
Durham Primary Care LLC
Frasier Street Realty LLC
Grant Deed
related
$1,240,000 · Rbc Centura Bank
—
—
Durham Primary Care LLC
—
Deed Of Trust
related
$174,000 · Pnc Bank
—
—
Frasier Street Realty LLC
—
Deed Of Trust
related
$250,000 · Rbc Centura Bk
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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