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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Warehouses
4809 Hillsborough Rd, Durham, NC 27705-2237
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5729548
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1969
Total area
8,466 SF
Lot
0.62 ac (27,007 SF)
Zoning code
OI
APN
175494
UPID
US53-5729548
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
-
Jason Cases Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
$925k
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.00M
Owner & transaction history
Operations Drive LLC · 3 yrs held
Operations Drive LLC
since 2022
Last sale
$1.0M
6 recorded transactions
Zoning & alternative use
OI · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.6M
+27.8%
Industrial (general)
$1.5M
+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
$940,000
ML approach
$1,010,000
CAP Approach
CAP Return
Estimation
6%
$1,005,000
6.5%
$925,000
7%
$860,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,265,000
Current use
OFFICE BUILDING
$1,615,000
Change: +28% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,470,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.03M (Oct 28 2022)
Last sale anchor
$1.03M
Oct 28 2022
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 2024Property tax & assessments
Tax year 2024
Tax billed
$6,140
Tax year 2024
Assessed value
$440,139
Assessed 2024
Previous assessed
$440,139
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$124,200
Assessed improvement
$315,939
Land market value
$124,200
Improvement market value
$315,939
Total market value
$440,139
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1969
Heating
SPACE
Cooling
YES
Stories
1
Total area
8,466 SF
Lot
0.62 ac (27,007 SF)
Zoning code
OI
APN
175494
UPID
US53-5729548
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
WAREHOUSE, STORAGE Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
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
1969
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Operations Drive LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2344 OPERATIONS DR STE #103, DURHAM, NC 27705-1213
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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 28, 2022
$1,025,000
Operations Drive LLC
Nano Properties LLC
Special Warranty Deed
—
Jul 27, 2017
$450,000
Nano Properties LLC
Rea Landcom INC
Warranty Deed
$360,000 · Wells Fargo Bank NA
Oct 8, 2013
$295,000
Rea Landcom INC
Bank Of Nc
Grant Deed
—
May 21, 2012
$510,000
Keysource Coml Bk
Prentis Richard F JR
Trustees Deed
related
—
Aug 29, 2007
$480,000
Gregory Christon
Judy Gail Patton
Warranty Deed
$328,304 · Keysource Commercial Bank
—
—
Gregory G Christon
—
Deed Of Trust
related
$250,000 · Keysource Commercial 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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