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Property profile & analytics
OFF-MARKET
Estimated value
$4,950,000
Warehouses
4411 Durham Chapel Hl Blvd Durham, NC 27707-2508
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US53-0040347
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2009
Total area
42,064 SF
Lot
4.14 ac (180,338 SF)
Zoning code
CG
APN
139322
UPID
US53-0040347
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
by Request
CAP Approach
CAP
$6.29M
Comparable Approach
Comparable
$3.51M
Blend (final)
Blend
$4.95M
Owner & transaction history
Arec 14 LLC · 14 yrs held
Arec 14 LLC
since 2011
4 recorded transactions
Zoning & alternative use
CG · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.6M
+21.4%
Industrial (general)
$7.3M
+16.6%
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%
$6,810,000
6.5%
$6,285,000
7%
$5,835,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,275,000
Current use
OFFICE BUILDING
$7,620,000
Change: +21% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,315,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$4.95M
Range $4.46M – $5.45M · ±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
$118 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$59,427
Tax year 2023
Assessed value
$4,260,285
Assessed 2024
Previous assessed
$4,260,285
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$964,275
Assessed improvement
$3,296,010
Land market value
$964,275
Improvement market value
$3,296,010
Total market value
$4,260,285
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2009
Heating
YES
Cooling
YES
Stories
1
Total area
42,064 SF
Lot
4.14 ac (180,338 SF)
Zoning code
CG
APN
139322
UPID
US53-0040347
Jurisdiction
DURHAM
Zoning & alternative use
CG · Durham, NC
Zoning CG · permitted uses
CG · 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
$6.3M
OFFICE BUILDING
Est. value
$7.6M
INDUSTRIAL (GENERAL)
Est. value
$7.3M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2009
Heating
YES
Cooling
Yes
Stories
1
Lot
4.14 ac
Current owner
From public records · entity-resolved
Arec 14 LLC
Entity
Mailing address
PO BOX 29046, PHOENIX, AZ 85038-9046
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2021
—
Arec 14 LLC
—
Deed
related
$54,000,000 · Allianz Life Ins Co Of North America
Sep 7, 2011
$4,950,000
Arec 14 LLC
Amerco Real Estate Company
Special Warranty Deed
$3,539,250 · Jpmorgan Chase Bank NA
Sep 21, 2006
$4,000,000
Amerco Real Estate Co
Britt Properties INC
Grant Deed
—
—
—
Arec 14 LLC
—
Deed Of Trust
related
$26,500,000 · J P Morgan Chase Bank
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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