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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Parking lots & garages
600 Morgan St Durham, NC 27701
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-4746441
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
1.19 ac (51,836 SF)
Zoning code
DD-S1
APN
217725
UPID
US53-4746441
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
-
Trifecta Corporate Housing | Trifecta Serviced Apartments | Durham Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$520k
Owner & transaction history
600 W Morgan Nc Owner LP · 4 yrs held
600 W Morgan Nc Owner LP
since 2021
Last sale
$500,000
5 recorded transactions
Zoning & alternative use
DD-S1 · 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
$535,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $500k (Dec 20 2021)
Last sale anchor
$500k
Dec 20 2021
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
—
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
$26,171
Tax year 2024
Assessed value
$1,786,552
Assessed 2024
Previous assessed
$1,786,552
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$1,745,407
Assessed improvement
$41,145
Land market value
$1,745,407
Improvement market value
$41,145
Total market value
$1,786,552
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Lot
1.19 ac (51,836 SF)
Zoning code
DD-S1
APN
217725
UPID
US53-4746441
Jurisdiction
DURHAM
Zoning & alternative use
DD-S1 · Durham, NC
Zoning DD-S1 · permitted uses
DD-S1 · 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.
Building & site characteristics
From public records
Heating
NONE
Lot
1.19 ac
Current owner
From public records · entity-resolved
600 W Morgan Nc Owner LP
Entity
Mailing address
PO BOX A3878, CHICAGO, IL 60690-3878
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2022
—
210 N Duke 602 610 W Morgan Nc Owne
—
Deed
related
$550,600 · Morgan Stanley Mortgage Capital Holdings
Dec 20, 2021
$500,000
600 W Morgan Nc Owner LP
Fernway Investments LLC
Special Warranty Deed
—
Feb 26, 2021
—
Entities Identified On Schedule I A
—
Deed
related
$184,000,000 · Parlex 3a Finco LLC
Oct 30, 2018
—
West Vlg Durham III Retreat Ll
—
Deed
related
$382,530,000 · Cbre Cap Markets
—
—
West Vlg Durham III Retreat Ll
—
Deed Of Trust
related
$382,530,000 · Cbre Cap Markets
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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