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Property profile & analytics
OFF-MARKET
Estimated value
$2,395,000
Office buildings
4102 Ben Franklin Blvd Durham, NC 27704-2140
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-1203754
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2011
Total area
11,300 SF
Lot
1.5 ac (65,340 SF)
Zoning code
OI(D)
APN
209405
UPID
US53-1203754
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
-
Jason Southworth Pharmacy
-
Caroline Kraft Physician
-
Heriberto Sierra Physician
-
Stoney Bowman Physician
-
Jeffrey Chambers Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.87M
Comparable Approach
Comparable
$2.70M
Blend (final)
Blend
$2.40M
Owner & transaction history
Durham Franklin Mob LLC · 6 yrs held
Durham Franklin Mob LLC
since 2019
4 recorded transactions
Zoning & alternative use
OI(D) · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.6M
+84.9%
Auto repair, garage
$3.3M
+67.8%
Retail stores
$2.8M
+41.4%
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%
$3,105,000
6.5%
$2,865,000
7%
$2,660,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,965,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,630,000
Change: +85% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,295,000
Change: +68% · Conversion: Difficult
RETAIL STORES
$2,775,000
Change: +41% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,275,000
Change: +16% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,965,000
Change: +0% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,685,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.40M
Range $2.16M – $2.63M · ±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
$212 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$34,487
Tax year 2023
Assessed value
$2,472,351
Assessed 2024
Previous assessed
$2,472,351
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$437,325
Assessed improvement
$2,035,026
Land market value
$437,325
Improvement market value
$2,035,026
Total market value
$2,472,351
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
2011
Heating
HEAT PUMP
Cooling
YES
Stories
2
Total area
11,300 SF
Lot
1.5 ac (65,340 SF)
Zoning code
OI(D)
APN
209405
UPID
US53-1203754
Jurisdiction
DURHAM
Zoning & alternative use
OI(D) · Durham, NC
Zoning OI(D) · permitted uses
OI(D) · 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
OFFICE BUILDING Current
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.3M
RETAIL STORES
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.7M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
2011
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Lot
1.5 ac
Current owner
From public records · entity-resolved
Durham Franklin Mob LLC
Entity
Mailing address
1000 PO BOX 7027TH DR APT #300, BERLIN, CT 06037-7027
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2019
$3,050,000
Durham Franklin Mob LLC
Downeast Associates Of Durham LLC
Special Warranty Deed
$1,982,500 · Td Bank NA
Sep 15, 2016
—
Downeast Associates Of Durham
—
Deed
related
$3,450,000 · First Bank
May 18, 2010
$375,000
Downeast Associates Of Durham
Hock,gary M
Grant Deed
—
—
—
Downeast Associates Of Durham LLC
—
Deed Of Trust
related
$3,530,466 · Branch Bk&tr
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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