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Property profile & analytics
OFF-MARKET
Garden apartment buildings
5110 Old Chapel Hl Rd Durham, NC 27707-5284
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5747913
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2002
Total area
30,869 SF
Lot
20.01 ac (871,636 SF)
Zoning code
CSD-S2
APN
141437
UPID
US53-5747913
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
-
Scrambles Bookmaker
-
Haven at Patterson Place Real Estate Agency
-
Bohio Digital Group LLC Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Haven At Patterson Place Property L · 4 yrs held
Haven At Patterson Place Property L
since 2022
Last sale
$56.2M
6 recorded transactions
Zoning & alternative use
CSD-S2 · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Compact Suburban Design (CSD) District is intended to encouragedevelopmentof appropriate urbanstreetscapeand form through bicycling, pedestrian, and transit-orienteddevelopmentthrough various sub-districts similar to the Downtown Design District.
Zone name
Compact Suburban Design Support 2
General category
COMMERCIAL
Zone area
96.24 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$372,964
Tax year 2024
Assessed value
$26,737,670
Assessed 2024
Previous assessed
$26,737,670
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$3,025,000
Assessed improvement
$23,712,670
Land market value
$3,025,000
Improvement market value
$23,712,670
Total market value
$26,737,670
Applied tax rate
100.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2002
Heating
YES
Cooling
YES
Stories
3
Bathrooms
1
Total area
30,869 SF
Lot
20.01 ac (871,636 SF)
Zoning code
CSD-S2
APN
141437
UPID
US53-5747913
Jurisdiction
DURHAM
Zoning & alternative use
CSD-S2 · Durham, NCZoning CSD-S2 · permitted uses
CSD-S2 · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Compact Suburban Design (CSD) District is intended to encouragedevelopmentof appropriate urbanstreetscapeand form through bicycling, pedestrian, and transit-orienteddevelopmentthrough various sub-districts similar to the Downtown Design District.
Zone name
Compact Suburban Design Support 2
General category
COMMERCIAL
Zone area
96.24 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2002
Heating
YES
Cooling
Yes
Stories
3
Bathrooms
1
Lot
20.01 ac
Current owner
From public records · entity-resolved
Haven At Patterson Place Property L
Entity
Free & Clear · 4 yrs held
Mailing address
1010 WISCONSIN AVE NW STE #605, WASHINGTON, DC 20007-3508
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
Jan 28, 2022
$56,150,000
Haven At Patterson Place Property L
Level 51 Ten LLC
Special Warranty Deed
—
Nov 13, 2015
$24,600,000
Level 51 Ten LLC
Blue Atlantic Durham LLC
Special Warranty Deed
—
Apr 4, 2012
$19,300,000
Blue Atlantic Durham LLC
Gray Property 2504 LLC
Special Warranty Deed
—
May 9, 2005
—
Gray Property 2504 LLC
Gray Property 2504 Hunters Glen LLC
Warranty Deed
—
Jan 14, 2005
$26,238,000
Gray Property 2504 LLC
Exchange Apartments LLC
Grant Deed
—
Jun 24, 2002
$162,000
Exchange Apartments Ll
Watkins Park LLC
Grant Deed
—
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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