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Property profile & analytics
OFF-MARKET
Estimated value
$11,430,000
Warehouses
4343 Garrett Rd Durham, NC 27707-3431
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-5816803
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2020
Total area
122,234 SF
Lot
27.42 ac (1,194,415 SF)
Zoning code
CG(D)
APN
139444
UPID
US53-5816803
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
-
AMD Automotive Auto Repair Shop
-
Ample Storage Center Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.47M
Blend (final)
Blend
$11.43M
Owner & transaction history
Turtle Run LLC · 7 yrs held
Turtle Run LLC
since 2019
7 recorded transactions
Zoning & alternative use
CG(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
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
WAREHOUSE, STORAGE
$18,235,000
Current use
Blend value · Realmo final
$11.43M
Range $10.29M – $12.57M · ±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
$94 / 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
$126,421
Tax year 2024
Assessed value
$9,063,065
Assessed 2024
Previous assessed
$9,063,065
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$1,663,080
Assessed improvement
$7,399,985
Land market value
$1,663,080
Improvement market value
$7,399,985
Total market value
$9,063,065
Applied tax rate
100.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2020
Heating
NONE
Cooling
YES
Stories
1
Total area
122,234 SF
Lot
27.42 ac (1,194,415 SF)
Zoning code
CG(D)
APN
139444
UPID
US53-5816803
Jurisdiction
DURHAM
Zoning & alternative use
CG(D) · Durham, NC
Zoning CG(D) · permitted uses
CG(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
WAREHOUSE, STORAGE Current
Est. value
$18.2M
WAREHOUSE, STORAGE Current
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
2020
Heating
NONE
Cooling
Yes
Stories
1
Lot
27.42 ac
Current owner
From public records · entity-resolved
Turtle Run LLC
Entity
Mailing address
PO BOX 608, SMITHFIELD, NC 27577-0608
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2023
—
Turtle Run LLC
—
Deed
related
$5,000,000 · Hometrust Bank
Jun 25, 2019
$840,000
Turtle Run LLC
Ample Storage Lake Worth LLC
Warranty Deed
$5,500,000 · Hometrust Bank
Jun 19, 2014
$832,000
Ample Storage Lake Worth LLC
Wethington,terry A & Julia
Grant Deed
—
Dec 31, 2012
$800,000
Terry A Wethington
Atlas Nc I Spe LLC
Grant Deed
—
Sep 28, 2012
—
Atlas Nc 1 Spe LLC
Branch Bkng & Trust Co
Grant Deed
—
Sep 25, 2012
$800,000
Branch Bkng & Trust Co
Cohen Donna R
Trustees Deed
related
—
Apr 20, 2006
$1,288,500
Swings N Things INC
Trice,family LP
Grant Deed
—
Apr 20, 2006
$2,000,000
Garret Enterprice LLC
Swings & Things INC
Grant Deed
—
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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