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Property profile & analytics
OFF-MARKET
Estimated value
$9,890,000
Office buildings
4705 University Dr Durham, NC 27707-3489
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0131313
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
43,242 SF
Lot
3.72 ac (162,043 SF)
Zoning code
OI
APN
139490
UPID
US53-0131313
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
$10.96M
Comparable Approach
Comparable
$10.01M
Blend (final)
Blend
$9.89M
Owner & transaction history
Corium LLC · 13 yrs held
Corium LLC
since 2013
6 recorded transactions
Zoning & alternative use
OI · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.6M
+61.0%
Retail stores
$10.6M
+35.7%
Commercial (general)
$10.5M
+33.8%
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%
$11,875,000
6.5%
$10,960,000
7%
$10,175,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,830,000
Current use
AUTO REPAIR, GARAGE
$12,610,000
Change: +61% · Conversion: Difficult
RETAIL STORES
$10,630,000
Change: +36% · Conversion: Moderate
COMMERCIAL (GENERAL)
$10,480,000
Change: +34% · Conversion: Easy
INDUSTRIAL (GENERAL)
$7,520,000
Change: -4% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,450,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$9.89M
Range $8.90M – $10.88M · ±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
$229 / 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
$96,447
Tax year 2024
Assessed value
$6,914,277
Assessed 2024
Previous assessed
$6,914,277
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$943,000
Assessed improvement
$5,971,277
Land market value
$943,000
Improvement market value
$5,971,277
Total market value
$6,914,277
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1988
Heating
YES
Cooling
YES
Stories
3
Total area
43,242 SF
Lot
3.72 ac (162,043 SF)
Zoning code
OI
APN
139490
UPID
US53-0131313
Jurisdiction
DURHAM
Zoning & alternative use
OI · Durham, NC
Zoning OI · permitted uses
OI · 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
OFFICE BUILDING Current
Est. value
$7.8M
AUTO REPAIR, GARAGE
Est. value
$12.6M
RETAIL STORES
Est. value
$10.6M
COMMERCIAL (GENERAL)
Est. value
$10.5M
INDUSTRIAL (GENERAL)
Est. value
$7.5M
WAREHOUSE, STORAGE
Est. value
$6.5M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1988
Heating
YES
Cooling
Yes
Stories
3
Lot
3.72 ac
Current owner
From public records · entity-resolved
Corium LLC
Entity
Mailing address
5901 DURHAM CHAPEL HL BLVD, DURHAM, NC 27707-3346
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2014
—
Corium LLC
—
Grant Deed
related
$165,000,000 · Wells Fargo Bk Nw NA (ce)
Jun 28, 2013
—
Corium LLC
Blue Cross & Blue Shield Of North
Grant Deed
—
Jun 11, 2012
$2,284,000
Blue Cross & Blue Shield Of North
Cmlt 2008-ls1 Office/4705 LLC
Grant Deed
—
Jun 4, 2012
$2,284,000
Blue Cross & Blue Shield Of North
Cmlt 2008-ls1 Office/4705 LLC
Grant Deed
—
Nov 8, 2011
$2,326,500
Cmlt 2008-ls1 Office/4705 LLC
Dobbins,patti D
Trustees Deed
related
—
—
—
Becker Durham LLC
—
Deed Of Trust
related
$4,100,000 · Lasalle Bank Fsb
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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