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Property profile & analytics
OFF-MARKET
Estimated value
$7,355,000
High-rise multifamily apartments
425 Roxboro St, Durham, NC 27701
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-0627404
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1997
Total area
75,071 SF
Lot
0.74 ac (32,234 SF)
Zoning code
DD-C
APN
103374
UPID
US53-0627404
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
$7.59M
CAP Approach
CAP
$8.69M
Comparable Approach
Comparable
$7.32M
Blend (final)
Blend
$7.36M
Owner & transaction history
Cusa Nc Holdings LP · 5 yrs held
Cusa Nc Holdings LP
since 2020
Last sale
$6.1M
7 recorded transactions
Zoning & alternative use
DD-C · 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
$8,335,000
ML approach
$7,590,000
CAP Approach
CAP Return
Estimation
6%
$9,405,000
6.5%
$8,685,000
7%
$8,060,000
Blend value · Realmo final
$7.36M
Range $6.62M – $8.09M · ±10% · vs last sale $6.10M (Nov 25 2020)
Last sale anchor
$6.10M
Nov 25 2020
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
$98 / 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
$99,095
Tax year 2024
Assessed value
$6,764,646
Assessed 2024
Previous assessed
$6,764,646
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$2,009,187
Assessed improvement
$4,755,459
Land market value
$2,009,187
Improvement market value
$4,755,459
Total market value
$6,764,646
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1997
Heating
YES
Cooling
YES
Stories
1
Total area
75,071 SF
Lot
0.74 ac (32,234 SF)
Zoning code
DD-C
APN
103374
UPID
US53-0627404
Jurisdiction
DURHAM
Zoning & alternative use
DD-C · Durham, NC
Zoning DD-C · permitted uses
DD-C · 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.
Building & site characteristics
From public records
Year built
1997
Heating
YES
Cooling
Yes
Stories
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Cusa Nc Holdings LP
Entity
Free & Clear · 5 yrs held
Mailing address
11 PO BOX 27329TH PLZ STE #2400, HOUSTON, TX 77227-7329
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2020
$15,200,000
Cusa Nc Holdings LP
Lmc Durham Gateway Holdings LP
Grant Deed
related
—
Dec 27, 2017
$13,500,000
Lmc Durham Gateway Holdings LP
Durham Ptshp Group LLC
Grant Deed
—
Apr 3, 2017
—
Durham Ptshp Group LLC
—
Deed
related
$2,600,000 · South St Bk
Jun 29, 2016
—
Durham Ptshp Group LLC
—
Deed
related
$1,400,000 · South St Bk
Jul 6, 2015
$5,000,000
Durham Ptshp Group LLC
Hendrick Automotive Group
Grant Deed
—
Jul 6, 2015
$6,100,000
Crp Of Wf Gateway Owner LLC
Durham Ptshp Group LLC
Grant Deed
—
Feb 4, 2013
—
Hendrick Automotive Group
—
Deed Of Trust
related
$160,855,135 · Ford Motor Credit Co
May 16, 2011
—
Hendrick Automotive Group
—
Deed Of Trust
related
$156,300,000 · Ford Motor Credit Co
—
—
Durham Ptshp Group LLC
—
Loan Modification
related
$2,600,000 · South St 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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