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Property profile & analytics
OFF-MARKET
Estimated value
$12,125,000
Office buildings
705 Broad St Durham, NC 27705-4833
Individually Owned
Absentee Owner
Free & Clear
Property ID
US53-1875265
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1954
Total area
46,735 SF
Lot
2.37 ac (103,237 SF)
Zoning code
CD-S1
APN
101866
UPID
US53-1875265
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
-
Duke Temporary Services Employment Agency
-
Jack Katz Stadium Sports Field & Court
-
Duke Corporate Payroll Services Corporate Office
-
Staff & Labor Relations University Public Relations Firm
-
Administrative Support Office Academic Department
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.85M
Comparable Approach
Comparable
$10.92M
Blend (final)
Blend
$12.13M
Owner & transaction history
DUKE UNIVERSITY
DUKE UNIVERSITY
Zoning & alternative use
CD-S1 · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$19.9M
+123.8%
Auto repair, garage
$13.6M
+53.0%
Retail stores
$11.5M
+28.9%
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%
$12,830,000
6.5%
$11,845,000
7%
$11,000,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,910,000
Current use
RESTAURANT
$19,945,000
Change: +124% · Conversion: Moderate
AUTO REPAIR, GARAGE
$13,630,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$11,485,000
Change: +29% · Conversion: Moderate
COMMERCIAL (GENERAL)
$11,250,000
Change: +26% · Conversion: Easy
INDUSTRIAL (GENERAL)
$8,125,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$12.13M
Range $10.91M – $13.34M · ±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
$259 / 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
$5,605,677
Assessed 2023
Previous assessed
$5,605,677
+0.0% YoY
Assessed land
$1,055,043
Assessed improvement
$4,550,634
Land market value
$1,055,043
Improvement market value
$4,550,634
Total market value
$5,605,677
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
1954
Heating
YES
Cooling
YES
Stories
2
Total area
46,735 SF
Lot
2.37 ac (103,237 SF)
Zoning code
CD-S1
APN
101866
UPID
US53-1875265
Jurisdiction
DURHAM
Zoning & alternative use
CD-S1 · Durham, NC
Zoning CD-S1 · permitted uses
CD-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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$8.9M
RESTAURANT
Est. value
$19.9M
AUTO REPAIR, GARAGE
Est. value
$13.6M
RETAIL STORES
Est. value
$11.5M
COMMERCIAL (GENERAL)
Est. value
$11.3M
INDUSTRIAL (GENERAL)
Est. value
$8.1M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1954
Heating
YES
Cooling
Yes
Stories
2
Lot
2.37 ac
Current owner
From public records · entity-resolved
DUKE UNIVERSITY
Individual
Free & Clear · 0 yrs held
Mailing address
324 W BLACKWELL ST STE #850, DURHAM, NC 27701-3659
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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