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Property profile & analytics
OFF-MARKET
Estimated value
$12,390,000
Garden apartment buildings
610 Main St, Durham, NC 27701-2893
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0855329
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1900
Total area
114,060 SF
Lot
2.28 ac (99,317 SF)
Zoning code
DD-C
APN
103126
UPID
US53-0855329
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
-
Posh The Salon Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.46M
CAP Approach
CAP
$13.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.39M
Owner & transaction history
601 614 W Main Nc Owner LP · 4 yrs held
601 614 W Main Nc Owner LP
since 2021
Last sale
$11.8M
6 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
$12,710,000
ML approach
$9,460,000
CAP Approach
CAP Return
Estimation
6%
$14,290,000
6.5%
$13,190,000
7%
$12,250,000
Blend value · Realmo final
$12.39M
Range $11.15M – $13.63M · ±10% · vs last sale $11.83M (Dec 20 2021)
Last sale anchor
$11.83M
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
$109 / 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
$247,518
Tax year 2024
Assessed value
$33,793,116
Assessed 2024
Previous assessed
$33,793,116
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,601,914
Assessed improvement
$31,191,202
Land market value
$2,601,914
Improvement market value
$31,191,202
Total market value
$33,793,116
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1900
Heating
YES
Cooling
YES
Stories
3
Total area
114,060 SF
Lot
2.28 ac (99,317 SF)
Zoning code
DD-C
APN
103126
UPID
US53-0855329
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.
Building & site characteristics
From public records
Year built
1900
Heating
YES
Cooling
Yes
Stories
3
Lot
2.28 ac
Current owner
From public records · entity-resolved
601 614 W Main Nc Owner LP
Entity
Mailing address
PO BOX A3378, CHICAGO, IL 60690-3378
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
6 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
$111,825,500
601 614 W Main Nc Owner LP
West Village Durham II LLC
Special Warranty Deed
—
Feb 26, 2021
—
Entities Identified On Schedule I A
—
Deed
related
$184,000,000 · Parlex 3a Finco LLC
Feb 10, 2016
$81,345,000
West Village Durham II LLC
Fuller Street Dev LLC
Grant Deed
—
Jul 22, 2014
—
Fuller Street Dev LLC
—
Loan Modification
related
$54,619,700 · Hud-housing/urban Dev
Mar 23, 2006
—
Ncf Development LLC
Fuller Street Development
Grant Deed
related
—
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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