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Property profile & analytics
OFF-MARKET
Estimated value
$13,285,000
Manufacturing properties
4918 Prospectus Dr, Durham, NC 27713-4407
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1649844
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1983
Total area
178,564 SF
Lot
16.72 ac (728,323 SF)
Zoning code
IL
APN
153766
UPID
US53-1649844
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
-
Valassis Durham Printing Division Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.21M
Blend (final)
Blend
$13.29M
Owner & transaction history
4918 Prospectus Drive LLC · 5 yrs held
4918 Prospectus Drive LLC
since 2020
Last sale
$12.9M
7 recorded transactions
Zoning & alternative use
IL · 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
$17,625,000
ML approach
$10,730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.29M
Range $11.96M – $14.61M · ±10% · vs last sale $12.90M (Oct 9 2020)
Last sale anchor
$12.90M
Oct 9 2020
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
$74 / 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
$146,163
Tax year 2024
Assessed value
$10,478,373
Assessed 2024
Previous assessed
$10,478,373
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$1,447,040
Assessed improvement
$9,031,333
Land market value
$1,447,040
Improvement market value
$9,031,333
Total market value
$10,478,373
Applied tax rate
48.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1983
Heating
SPACE
Cooling
YES
Stories
1
Bathrooms
1
Total area
178,564 SF
Lot
16.72 ac (728,323 SF)
Zoning code
IL
APN
153766
UPID
US53-1649844
Jurisdiction
DURHAM
Zoning & alternative use
IL · Durham, NC
Zoning IL · permitted uses
IL · 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
Year built
1983
Heating
SPACE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
16.72 ac
Current owner
From public records · entity-resolved
4918 Prospectus Drive LLC
Entity
Mailing address
172 S BROADWAY, WHITE PLAINS, NY 10605-1800
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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 14, 2025
—
4918 Prospectus Drive LLC
—
Deed
related
$27,000,000 · Loancore Capital Credit Reit LLC
Apr 11, 2023
—
4918 Prospectus Drive LLC
—
Deed
related
$11,200,000 · Ameritas Life Insurance Corp
Mar 21, 2022
—
4918 Prospectus Drive LLC
—
Deed
related
$32,625,000 · Bsp Of Finance LLC
Oct 9, 2020
$12,900,000
4918 Prospectus Drive LLC
Valassis Manufacturing Company INC
Special Warranty Deed
$25,000,000 · A 10 Capital LLC
Mar 1, 2018
—
Valassis Manufacturing Co
—
Deed
related
$1,075,000,000 · Wells Fargo Bk Nw NA
Oct 18, 2017
—
Valassis Manufacturing Co
—
Loan Modification
related
$300,000,000 · Citibank
May 5, 2017
—
Valassis Manufacturing Co
—
Deed
related
$910,000,000 · Wells Fargo Bk
—
—
Valassis Manufacturing Co
—
Deed Of Trust
related
$70,000,000 · Citibank NA
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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