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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Office buildings
4113 Capitol St Durham, NC 27704-2390
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0243592
Property summary
AI-generated overview
This exceptional Class A medical office building, located at 4113 Capitol Street in Durham, NC, offers 2,400 square feet of immediately available space within a larger 5,600 square foot building. Built in 1995 and extensively renovated in 2023, the property boasts 11-foot ceilings and ample parking with 28 spaces. The single-story building features three suites in total, with the available space representing a significant portion of the building. Situated on a 0.55-acre lot in the desirable Durham-Raleigh submarket (Triangle area North Carolina), this property benefits from its location within the exclusive Independence Park medical community. The convenient location offers easy access to major healthcare facilities, including Duke Regional Hospital (less than a mile away), and numerous amenities such as Walgreens, CVS, and a variety of restaurants and banks within a one-mile radius. The property is zoned OI and is ideal for medical practices seeking a modern, well-maintained space in a thriving medical hub. The minimum divisible space is 2,400 square feet, making it suitable for a variety of medical tenants. Electricity is the power source.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1994
Total area
5,600 SF
Lot
0.49 ac (21,344 SF)
Zoning code
OI
APN
172247
UPID
US53-0243592
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
-
Gateway Women's Care Medical Clinic
-
Dillon Miller, MD Physician
-
Oak Street Health Durham Primary Care Clinic Medical Clinic
-
Sleep Works Physician Medical Clinic
-
SXR Medical Evaluations Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$900k
Owner & transaction history
Bethesda Assn LLC · 7 yrs held
Bethesda Assn LLC
since 2018
3 recorded transactions
Zoning & alternative use
OI · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+41.4%
Commercial (general)
$1.1M
+15.9%
Industrial (general)
$975,000
+0.1%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$975,000
Current use
RETAIL STORES
$1,375,000
Change: +41% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,130,000
Change: +16% · Conversion: Easy
INDUSTRIAL (GENERAL)
$975,000
Change: +0% · Conversion: Difficult
WAREHOUSE, STORAGE
$835,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$161 / 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
$13,875
Tax year 2024
Assessed value
$994,702
Assessed 2024
Previous assessed
$994,702
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$171,500
Assessed improvement
$823,202
Land market value
$171,500
Improvement market value
$823,202
Total market value
$994,702
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
1994
Heating
YES
Cooling
YES
Stories
1
Total area
5,600 SF
Lot
0.49 ac (21,344 SF)
Zoning code
OI
APN
172247
UPID
US53-0243592
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
OFFICE BUILDING Current
Est. value
$975,000
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$975,000
WAREHOUSE, STORAGE
Est. value
$835,000
OFFICE BUILDING Current
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
1994
Heating
YES
Cooling
Yes
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Bethesda Assn LLC
Entity
Free & Clear · 7 yrs held
Mailing address
10520 CHAPEL HL RD UNIT #105, MORRISVILLE, NC 27560-3005
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2018
$1,250,000
Bethesda Assn LLC
Bethesda Purchase Assocs LLC
Warranty Deed
related
—
Feb 14, 2017
$935,000
Panorama Investment LLC
Deacon Investments LLC
Warranty Deed
$854,400 · Fidelity Bank
—
—
Deacon Investments LLC
—
Deed Of Trust
related
$130,000 · Debra Goetze
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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