Entity Owned Property summary
AI-generated overview
This ±2.82-acre commercial lot presents a rare infill opportunity in Durham, North Carolina. Located at 4350 Garrett Road, this property boasts exceptional access to the 15-501 corridor, placing it between Durham and Chapel Hill. The site is conveniently situated near the intersection with Durham-Chapel Hill Boulevard, providing high visibility and easy access for businesses. The property is zoned Commercial General (D), offering flexibility for a variety of commercial developments. Its adjacency to Go Dog Day Care & Boarding further enhances its appeal. The location offers convenient access to major transportation arteries, including proximity to I-40 (approximately 1.5 miles) and I-85 (approximately 5 miles) via the 15-501 corridor. Downtown Durham is approximately 5 miles away, and Chapel Hill is approximately 2 miles away. The asking price for this exceptional property is $1,400,000. The property's APN is 140087. This is a truly unique opportunity to acquire a strategically located commercial parcel in a thriving area.
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1998
Total area
9,738 SF
Lot
20.12 ac (876,427 SF)
Zoning code
CG(D),RR(D),RS-20(D)
APN
140087
UPID
US53-1314538
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Kennel & Boarding Facility
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$820k
Owner & transaction history
since 2025
7 recorded transactions
Zoning & alternative use
CG(D),RR(D),RS-20(D) · Durham, NC
Top alternative use upside
Auto repair, garage
$1.2M
+46.5%
Restaurant
$990,000
+20.5%
Industrial (general)
$955,000
+16.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$820k
Value range
$738k – $902k
±10% around blend
Estimated value / SF
$84 / SF
Confidence
Property data
100
Comparable evidence
60
$738k
blend $820k
$902k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,738 SF
Lot area
20.12 ac
Year built
1998
Stories
1
APN
140087
Zoning
CG(D),RR(D),RS-20(D)
Assessed value
$2,076,991
Annual tax
$28,972
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.00M
Range $449k – $1.10M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$820k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+47%
vs current-use indication
Restaurant
Industrial (general)
Veterinary, Animal Hospital · current use
Apartment House (5+ Units)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.08M
Move the market yield to see immediate price impact.
Value / SF
$213
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$131k
$2.62M
$1.87M
$1.45M
$145k
$2.91M
$2.08M
$1.62M
$160k
$3.20M
$2.28M
$1.78M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$28,972
Tax year 2024
Assessed value
$2,076,991
Assessed 2024
Previous assessed
$2,076,991
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$673,330
Assessed improvement
$1,403,661
Land market value
$673,330
Improvement market value
$1,403,661
Total market value
$2,076,991
Applied tax rate
100.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
1998
Heating
YES
Cooling
YES
Stories
1
Total area
9,738 SF
Lot
20.12 ac (876,427 SF)
Zoning code
CG(D),RR(D),RS-20(D)
APN
140087
UPID
US53-1314538
Jurisdiction
DURHAM
Zoning & alternative use
CG(D),RR(D),RS-20(D) · Durham, NCZoning CG(D),RR(D),RS-20(D) · permitted uses
CG(D),RR(D),RS-20(D) · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Heating
YES
Cooling
Yes
Stories
1
Lot
20.12 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CG(D),RR(D),RS-20(D)
Jurisdiction
Durham, NC
Recorded code
CG(D),RR(D),RS-20(D)
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CG(D),RR(D),RS-20(D) in Durham, NC.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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