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Property profile & analytics
OFF-MARKET
Estimated value
$10,645,000
Industrial properties
4321 Medical Park Dr Durham, NC 27704-2199
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0091222
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2001
Total area
79,440 SF
Lot
8.06 ac (351,094 SF)
Zoning code
OI(D)
APN
172233
UPID
US53-0091222
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
-
Regional Dermatology of Durham PLLC Medical Clinic Skin Care Clinic
-
Dr. Elizabeth H. Hamilton, MD Physician Medical Clinic
-
Durham Dermatology Associates Physician Medical Clinic
-
Dr. Amy D. Stein, MD Physician Medical Clinic
-
Julie Dodge, PA-C Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.65M
Owner & transaction history
Greenleaf Investment Partners L095 · 4 yrs held
Greenleaf Investment Partners L095
since 2022
Last sale
$11.5M
5 recorded transactions
Zoning & alternative use
OI(D) · 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
$10,525,000
ML approach
$9,065,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$15,995,000
Current use
INDUSTRIAL (GENERAL)
$13,815,000
Change: -14% · Conversion: Moderate
OFFICE BUILDING
$13,805,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$10.65M
Range $9.58M – $11.71M · ±10% · vs last sale $11.50M (Jun 29 2022)
Last sale anchor
$11.50M
Jun 29 2022
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
$134 / 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
$162,775
Tax year 2022
Assessed value
$12,717,793
Assessed 2023
Previous assessed
$12,717,793
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,604,575
Assessed improvement
$11,113,218
Land market value
$1,604,575
Improvement market value
$11,113,218
Total market value
$12,717,793
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
79,440 SF
Lot
8.06 ac (351,094 SF)
Zoning code
OI(D)
APN
172233
UPID
US53-0091222
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
COMMERCIAL (GENERAL) Current
Est. value
$16.0M
INDUSTRIAL (GENERAL)
Est. value
$13.8M
OFFICE BUILDING
Est. value
$13.8M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
8.06 ac
Current owner
From public records · entity-resolved
Greenleaf Investment Partners L095
Entity
Mailing address
PO BOX 450233, ATLANTA, GA 31145-0233
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2022
$11,500,000
Greenleaf Investment Partners L095
5401 Holding Company LLC
Special Warranty Deed
$9,675,000 · Coastal States Bank
Jan 28, 2019
$8,600,000
5401 Holding Co LLC
Csfb 2007-c2 4321 Medical Pk D
Grant Deed
—
Mar 24, 2016
$8,300,000
Csfb 2007-c2 4321 Medical Park
Trachtman James B|sri Durham Associates LLC
Trustees Deed
related
—
Mar 28, 2007
$20,636,500
Sri Durham Assoc LLC
Bayrock Investment Co
Grant Deed
$14,500,000 · Key Bank NA
Apr 6, 2004
$15,127,000
Bec Of La LLC
Hock,gary M
Grant Deed
$12,100,000 · Southtrust Bk/east Point
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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