New search
Property profile & analytics
OFF-MARKET
Estimated value
$835,000
High-rise multifamily apartments
464 Pettigrew St, Durham, NC 27701-4795
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1456708
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Lot
2.04 ac (88,862 SF)
Zoning code
DD-C
APN
103371
UPID
US53-1456708
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
-
Heima Apartment Building
-
Blink Charging Station Electric Vehicle Charging Station
-
Venable Durham Apartments Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$835k
Owner & transaction history
Vc Land Owner LLC · 7 yrs held
Vc Land Owner LLC
since 2018
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
by Request
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$835k
Range $752k – $919k · ±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
—
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
$221,459
Tax year 2024
Assessed value
$47,210,652
Assessed 2024
Previous assessed
$47,210,652
+0.0% YoY
Effective rate
0.47%
On assessed value
Assessed land
$4,420,000
Assessed improvement
$42,790,652
Land market value
$4,420,000
Improvement market value
$42,790,652
Total market value
$47,210,652
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
Heating
YES
Cooling
YES
Lot
2.04 ac (88,862 SF)
Zoning code
DD-C
APN
103371
UPID
US53-1456708
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
Heating
YES
Cooling
Yes
Lot
2.04 ac
Current owner
From public records · entity-resolved
Vc Land Owner LLC
Entity
Free & Clear · 7 yrs held
Mailing address
4242 6TH FRKS RD STE #820, RALEIGH, NC 27609-6085
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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 1, 2018
$3,850,000
Vc Land Owner LLC
Durham Ptshp Group LLC
Grant Deed
—
Jul 6, 2015
$5,000,000
Durham Ptshp Group LLC
Hendrick Automotive Group
Grant Deed
—
Nov 21, 2014
—
Hendrick Automotive Group
—
Loan Modification
related
$14,664,000 · Wells Fargo Bk
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
Jul 16, 2009
$72,500
Venable Foundry LLC
Hendrick,automotive Grp
Grant Deed
—
Feb 20, 2002
$18,500
Barney H West
Hendrick,automot
Grant Deed
—
—
—
Hendrick Automotive Group
—
Deed Of Trust
related
$21,463,500 · Wells Fargo 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 464 Pettigrew St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
