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Property profile & analytics
OFF-MARKET
Estimated value
$4,655,000
Retail space
5111 Wake Frst Rd, Durham, NC 27703-3704
Individually Owned
2-yr Hold
Absentee Owner
Property ID
US53-1882955
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Total area
12,040 SF
Lot
1.79 ac (77,972 SF)
Zoning code
CN
APN
166363
UPID
US53-1882955
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
-
Carl Antolick III, PharmD Pharmacy
-
Melissa Covert, Pharm Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.10M
Blend (final)
Blend
$4.66M
Owner & transaction history
Rebekahr G Bisger · 2 yrs held
Rebekahr G Bisger
since 2024
Last sale
$4.7M
6 recorded transactions
Zoning & alternative use
CN · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.1M
+73.7%
Auto repair, garage
$3.5M
+18.7%
Apartment house (5+ units)
$3.2M
+8.5%
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
$4,655,000
ML approach
$4,655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,960,000
Current use
RESTAURANT
$5,140,000
Change: +74% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,510,000
Change: +19% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,210,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,925,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$4.66M
Range $4.19M – $5.12M · ±10% · vs last sale $4.65M (Mar 27 2024)
Last sale anchor
$4.65M
Mar 27 2024
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
$387 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$60,189
Tax year 2023
Assessed value
$4,314,898
Assessed 2024
Previous assessed
$4,314,898
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$784,782
Assessed improvement
$3,530,116
Land market value
$784,782
Improvement market value
$3,530,116
Total market value
$4,314,898
Applied tax rate
181.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2008
Heating
YES
Cooling
YES
Stories
1
Total area
12,040 SF
Lot
1.79 ac (77,972 SF)
Zoning code
CN
APN
166363
UPID
US53-1882955
Jurisdiction
DURHAM
Zoning & alternative use
CN · Durham, NC
Zoning CN · permitted uses
CN · 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
RETAIL STORES Current
Est. value
$3.0M
RESTAURANT
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$2.9M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (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
2008
Heating
YES
Cooling
Yes
Stories
1
Lot
1.79 ac
Current owner
From public records · entity-resolved
Rebekahr G Bisger
Individual
Mailing address
8100 3RD CHOPT RDROOM1, HENRICO, VA 23229-4833
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Mar 27, 2024
$4,654,000
Rebekahr G Bisger
5111 Wake Forest LLC
Special Warranty Deed
$3,100,000 · Townebank
Nov 14, 2018
—
5111 Wake Forest LLC
—
Grant Deed
related
$8,200,000 · Bank Of America
Dec 5, 2012
—
Frank Edmondson III
98-sherron Road Partners LLC
Warranty Deed
—
Dec 5, 2012
$5,050,000
Sea Gate Inn INC
98 Sheron Rd Partners LLC
Warranty Deed
$2,989 · Branch Banking And Trust Co
—
—
98 Sherron Road Ptnr LLC
—
Deed Of Trust
related
$3,541,998 · Communityone Bank
—
—
98 Sherron Road Partners LLC
—
Deed Of Trust
related
$3,700,000 · Communityone 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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