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Property profile & analytics
OFF-MARKET
Estimated value
$12,050,000
Office buildings
651 Jackie Robinson Dr Durham, NC 27701
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-3176669
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1904
Total area
59,520 SF
Lot
1.77 ac (77,101 SF)
Zoning code
DD-C
APN
196663
UPID
US53-3176669
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
by Request
CAP Approach
CAP
$15.09M
Comparable Approach
Comparable
$7.55M
Blend (final)
Blend
$12.05M
Owner & transaction history
American Campus II LLC · 11 yrs held
American Campus II LLC
since 2014
1 recorded transaction
Zoning & alternative use
DD-C · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Downtown Design (DD) District is established to encourage bicycling, pedestrian, and transit-orienteddevelopmentthrough regulations appropriate to the downtown area. It focuses on the form of the private and public realm instead of on use and intensity. Regulated through sub-districts, the standards encourage a vital downtown economy that enhances Durham…
Zone name
Downtown Design Core
General category
COMMERCIAL
Zone area
302.34 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
by Request
CAP Approach
CAP Return
Estimation
6%
$16,340,000
6.5%
$15,085,000
7%
$14,005,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$17,360,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$12.05M
Range $10.85M – $13.26M · ±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
$202 / 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
$188,575
Tax year 2024
Assessed value
$12,872,887
Assessed 2024
Previous assessed
$12,872,887
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$3,047,085
Assessed improvement
$9,825,802
Land market value
$3,047,085
Improvement market value
$9,825,802
Total market value
$12,872,887
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1904
Heating
YES
Cooling
YES
Stories
2
Total area
59,520 SF
Lot
1.77 ac (77,101 SF)
Zoning code
DD-C
APN
196663
UPID
US53-3176669
Jurisdiction
DURHAM
Zoning & alternative use
DD-C · Durham, NCZoning 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
Zoning description
The Downtown Design (DD) District is established to encourage bicycling, pedestrian, and transit-orienteddevelopmentthrough regulations appropriate to the downtown area. It focuses on the form of the private and public realm instead of on use and intensity. Regulated through sub-districts, the standards encourage a vital downtown economy that enhances Durhams position as a commercial, cultural and entertainment hub of the region while increasing livability. The DD District is intended to work in tandem with the Downtown Tier of the DurhamComprehensive Plan, Downtown Durham Master Plan and updates. Therefore, the Downtown Tier boundary and the Downtown District boundary are the same.
Zone name
Downtown Design Core
General category
COMMERCIAL
Zone area
302.34 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$17.4M
AUTO REPAIR, GARAGE
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
1904
Heating
YES
Cooling
Yes
Stories
2
Lot
1.77 ac
Current owner
From public records · entity-resolved
American Campus II LLC
Entity
Free & Clear · 11 yrs held
Mailing address
2619 WESTERN BLVD, RALEIGH, NC 27606-2125
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2014
$339,500
American Campus II LLC
Aj Fletcher Foundation
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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