Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$270,000
Commercial real estate
609 Hickory St Durham, NC 27701-4326
Entity Owned
14-yr Hold
Property ID
US53-0736782
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2007
Total area
2,780 SF
Lot
0.2 ac (8,712 SF)
Zoning code
RU-5(2)
APN
119191
UPID
US53-0736782
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$270k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$270k
Owner & transaction history
Durham Community Land Tes INC · 14 yrs held
Durham Community Land Tes INC
since 2012
7 recorded transactions
Zoning & alternative use
RU-5(2) · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The RU Districts are established to provide for orderly urban residentialdevelopmentand redevelopment. A limited number of nonresidential uses are allowed, subject to the restrictions necessary to preserve the character of the urban neighborhood. Such uses should have convenient access to arterial streets and nearby civic, commercial or employment uses.
Zone name
Residential Urban 5 2 Duplexes Allowed
General category
CIVIC_INSTITUTIONAL
Zone area
1,797.04 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
Method
Estimation
Statistic approach
by Request
ML approach
$270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$270k
Range $287k – $298k
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
$97 / 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
Assessed value
$160,462
Assessed 2023
Previous assessed
$160,462
+0.0% YoY
Assessed land
$23,960
Assessed improvement
$136,502
Land market value
$23,960
Improvement market value
$136,502
Total market value
$160,462
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2007
Heating
PACKAGE
Cooling
YES
Stories
1
Bathrooms
6
Total area
2,780 SF
Lot
0.2 ac (8,712 SF)
Zoning code
RU-5(2)
APN
119191
UPID
US53-0736782
Jurisdiction
DURHAM
Zoning & alternative use
RU-5(2) · Durham, NCZoning RU-5(2) · permitted uses
RU-5(2) · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The RU Districts are established to provide for orderly urban residentialdevelopmentand redevelopment. A limited number of nonresidential uses are allowed, subject to the restrictions necessary to preserve the character of the urban neighborhood. Such uses should have convenient access to arterial streets and nearby civic, commercial or employment uses.
Zone name
Residential Urban 5 2 Duplexes Allowed
General category
CIVIC_INSTITUTIONAL
Zone area
1,797.04 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2007
Heating
PACKAGE
Cooling
Yes
Stories
1
Bathrooms
6
Lot
0.2 ac
Current owner
From public records · entity-resolved
Durham Community Land Tes INC
Entity
Mailing address
1208 W CHAPEL HL ST, DURHAM, NC 27701-3002
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2012
$100,000
Durham Community Land Tes INC
Habitat Of Humanity/durham INC
Warranty Deed
related
$110,000 · Habitat/humanity/durham INC
Jun 29, 2010
$59,000
Habitat For Humanity Of Durham
Suntrust Bank
Grant Deed
—
Dec 8, 2009
$102,000
Suntrust Bank
Leonard,ladoris
Grant Deed
related
—
Sep 6, 2007
$240,000
Ladoris Leonard
Ny Construction
Warranty Deed
$238,119 · Suntrust Mortgage INC
May 1, 2007
$136,000
Belvin Road Developers LLC
Norkar INC
Grant Deed
—
Nov 14, 2005
$35,000
Caris Foundation
Frank Christian Felder
Warranty Deed
$35,000 · Cardinal State Bank
Aug 19, 2005
$19,500
Felder,frank C
Jp Morgan Chase Bank
Grant Deed
—
Nov 24, 2004
$46,475
Jp Morgan Chase Bank Tr
Neill,david W
Trustees Deed
—
Oct 1, 2002
$55,000
Denise S Hargrove
Matthews,saundra
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 609 Hickory St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
