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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
5801 Cheek Rd Durham, NC 27704-8653
Individually Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5483797
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1956
Total area
2,323 SF
Lot
2.64 ac (114,998 SF)
Zoning code
RR
APN
170026
UPID
US53-5483797
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
-
Pizza Mia Restaurant
-
Pizza Mia 🍕 Heritage Grill Restaurant
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
Larry L Ricks · 11 yrs held
Larry L Ricks
since 2014
7 recorded transactions
Zoning & alternative use
RR · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The RR District is established to provide for agricultural activities and residentialdevelopmenton lots of one acre or greater and in conservationsubdivisions. Commercial and industrialdevelopmentis generally prohibited.
Zone name
Residential Rural
General category
INDUSTRIAL
Zone area
4,712.76 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
$2,532
Tax year 2024
Assessed value
$221,537
Assessed 2024
Previous assessed
$221,537
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$61,371
Assessed improvement
$160,166
Land market value
$61,371
Improvement market value
$160,166
Total market value
$221,537
Applied tax rate
15.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1956
Heating
HEAT PUMP
Cooling
YES
Stories
1
Bathrooms
2
Total area
2,323 SF
Lot
2.64 ac (114,998 SF)
Zoning code
RR
APN
170026
UPID
US53-5483797
Jurisdiction
DURHAM
Zoning & alternative use
RR · Durham, NCZoning RR · permitted uses
RR · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The RR District is established to provide for agricultural activities and residentialdevelopmenton lots of one acre or greater and in conservationsubdivisions. Commercial and industrialdevelopmentis generally prohibited.
Zone name
Residential Rural
General category
INDUSTRIAL
Zone area
4,712.76 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1956
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
2
Lot
2.64 ac
Current owner
From public records · entity-resolved
Larry L Ricks
Individual
Mailing address
4802 JIMMY ROGERS RD, DURHAM, NC 27704-8767
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2014
$340,000
Larry L Ricks
Murkan INC
Grant Deed
—
Oct 15, 2014
—
Murkan INC
Hinesley,jerry W & Tammy D
Grant Deed
—
Oct 7, 2014
—
Murkan INC
Hinesley,jerry W & Tammy D
Quit Claim Deed
related
—
Sep 15, 2011
$500,000
Murkan INC
Meece,darin P
Trustees Deed
related
—
Feb 10, 2011
$35,000
Murkan INC
Ib Property Holdings LLC
Quit Claim Deed
related
—
Nov 28, 2007
$415,000
Durham Food Mart INC
Hinesley,jerry Wayne
Grant Deed
$93,432 · Hinesley Jerry
—
—
Hinesley,jerry W & Tammy D
—
Deed Of Trust
related
$65,000 · Suntrust Bk/tallahassee
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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