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Property profile & analytics
OFF-MARKET
Estimated value
$32,265,000
Manufacturing properties
5235 International Dr, Durham, NC 27712-8950
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-3848577
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2014
Total area
139,872 SF
Lot
49.06 ac (2,137,054 SF)
Zoning code
IL
APN
215877
UPID
US53-3848577
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
-
Novo Nordisk - OFP Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$28.44M
Comparable Approach
Comparable
$39.81M
Blend (final)
Blend
$32.27M
Owner & transaction history
Novo Nordisk Pharmaceutical In · 6 yrs held
Novo Nordisk Pharmaceutical In
since 2019
1 recorded transaction
Zoning & alternative use
IL · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$40.8M
+67.7%
Retail stores
$34.4M
+41.3%
Commercial (general)
$33.9M
+39.4%
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%
$30,805,000
6.5%
$28,435,000
7%
$26,405,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$24,320,000
Current use
AUTO REPAIR, GARAGE
$40,790,000
Change: +68% · Conversion: Easy
RETAIL STORES
$34,375,000
Change: +41% · Conversion: Moderate
COMMERCIAL (GENERAL)
$33,900,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$31,950,000
Change: +31% · Conversion: Difficult
WAREHOUSE, STORAGE
$20,865,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$32.27M
Range $29.04M – $35.49M · ±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
$231 / 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
$228,431
Tax year 2024
Assessed value
$24,759,365
Assessed 2024
Previous assessed
$24,759,365
+0.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$2,967,591
Assessed improvement
$21,791,774
Land market value
$2,967,591
Improvement market value
$21,791,774
Total market value
$24,759,365
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2014
Heating
YES
Cooling
YES
Stories
2
Total area
139,872 SF
Lot
49.06 ac (2,137,054 SF)
Zoning code
IL
APN
215877
UPID
US53-3848577
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$24.3M
AUTO REPAIR, GARAGE
Est. value
$40.8M
RETAIL STORES
Est. value
$34.4M
COMMERCIAL (GENERAL)
Est. value
$33.9M
OFFICE BUILDING
Est. value
$32.0M
WAREHOUSE, STORAGE
Est. value
$20.9M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2014
Heating
YES
Cooling
Yes
Stories
2
Lot
49.06 ac
Current owner
From public records · entity-resolved
Novo Nordisk Pharmaceutical In
Individual
Free & Clear · 6 yrs held
Mailing address
3612 POWHATAN RD, CLAYTON, NC 27527-9217
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2019
$25,160,000
Novo Nordisk Pharmaceutical In
Purdue Pharma Manufacturing LP
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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