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Property profile & analytics
OFF-MARKET
Estimated value
$16,925,000
Office buildings
512 Mangum St, Durham, NC 27701-3973
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-0976977
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Total area
88,128 SF
Lot
0.74 ac (32,234 SF)
Zoning code
DD-C
APN
103357
UPID
US53-0976977
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
-
Automated Insights (Bike/Boat/Book/etc) Store Corporate Office
-
Triangle Insights Group, LLC Consultant
-
Avalara (Bike/Boat/Book/etc) Store Corporate Office
-
pharma initiatives Factory Production Facility
-
ELITE OF DURHAM Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$22.34M
Comparable Approach
Comparable
$10.41M
Blend (final)
Blend
$16.93M
Owner & transaction history
Church Of The Good Shepherd INC · 5 yrs held
Church Of The Good Shepherd INC
since 2020
4 recorded transactions
Zoning & alternative use
DD-C · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$24,195,000
6.5%
$22,335,000
7%
$20,740,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$25,700,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$16.93M
Range $15.23M – $18.62M · ±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
$192 / 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
$259,951
Tax year 2024
Assessed value
$17,745,280
Assessed 2024
Previous assessed
$17,745,280
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$1,609,542
Assessed improvement
$16,135,738
Land market value
$1,609,542
Improvement market value
$16,135,738
Total market value
$17,745,280
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
1997
Heating
YES
Cooling
YES
Stories
4
Total area
88,128 SF
Lot
0.74 ac (32,234 SF)
Zoning code
DD-C
APN
103357
UPID
US53-0976977
Jurisdiction
DURHAM
Zoning & alternative use
DD-C · Durham, NC
Zoning DD-C · permitted uses
DD-C · 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
AUTO REPAIR, GARAGE
Est. value
$25.7M
AUTO REPAIR, GARAGE
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
1997
Heating
YES
Cooling
Yes
Stories
4
Lot
0.74 ac
Current owner
From public records · entity-resolved
Church Of The Good Shepherd INC
Entity
Mailing address
PO BOX 611, DURHAM, NC 27702-0611
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2020
—
Church Of The Good Shepherd INC
—
Deed
related
$4,881,238 · Truist Bk
May 1, 2020
—
Piedmont Communications Co INC
—
Deed
related
—
—
—
Piedmont Communications Co INC
—
Loan Modification
related
—
—
—
Church Of The Good Shepherd INC
—
Loan Modification
related
$4,881,238 · Truist Bk
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.
Try Rey
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