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Property profile & analytics
OFF-MARKET
Estimated value
$23,215,000
Warehouses
7101 Nc Hwy 751, Durham, NC 27707-5570
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-3429709
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Total area
149,168 SF
Lot
4.48 ac (195,149 SF)
Zoning code
CG(D)
APN
135725
UPID
US53-3429709
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
$22.29M
Comparable Approach
Comparable
$22.57M
Blend (final)
Blend
$23.22M
Owner & transaction history
Ps Nc III LP · 4 yrs held
Ps Nc III LP
since 2021
Last sale
$24.0M
5 recorded transactions
Zoning & alternative use
CG(D) · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$36.7M
+64.8%
Commercial (general)
$36.2M
+62.5%
Office building
$27.0M
+21.4%
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
$25,795,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$24,145,000
6.5%
$22,290,000
7%
$20,695,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$22,255,000
Current use
RETAIL STORES
$36,660,000
Change: +65% · Conversion: Moderate
COMMERCIAL (GENERAL)
$36,150,000
Change: +62% · Conversion: Difficult
OFFICE BUILDING
$27,015,000
Change: +21% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$25,935,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$23.22M
Range $20.89M – $25.54M · ±10% · vs last sale $24.00M (Dec 20 2021)
Last sale anchor
$24.00M
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
$156 / 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
$150,522
Tax year 2024
Assessed value
$10,790,878
Assessed 2024
Previous assessed
$10,790,878
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$1,692,000
Assessed improvement
$9,098,878
Land market value
$1,692,000
Improvement market value
$9,098,878
Total market value
$10,790,878
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Heating
YES
Cooling
YES
Stories
4
Total area
149,168 SF
Lot
4.48 ac (195,149 SF)
Zoning code
CG(D)
APN
135725
UPID
US53-3429709
Jurisdiction
DURHAM
Zoning & alternative use
CG(D) · Durham, NC
Zoning CG(D) · permitted uses
CG(D) · 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
WAREHOUSE, STORAGE Current
Est. value
$22.3M
RETAIL STORES
Est. value
$36.7M
COMMERCIAL (GENERAL)
Est. value
$36.2M
OFFICE BUILDING
Est. value
$27.0M
INDUSTRIAL (GENERAL)
Est. value
$25.9M
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2018
Heating
YES
Cooling
Yes
Stories
4
Lot
4.48 ac
Current owner
From public records · entity-resolved
Ps Nc III LP
Entity
Mailing address
PO BOX 25025, GLENDALE, CA 91221-5025
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
Dec 20, 2021
$24,000,000
Ps Nc III LP
919 Storage Nc 751 LLC
Special Warranty Deed
—
Jul 19, 2021
—
919 Storage Nc 751 LLC
Little Bear LLC
Special Warranty Deed
$12,000,000 · First Bank
Jul 7, 2017
—
919 Storage Nc 751 LLC
—
Deed
related
$7,050,000 · First Bank
Aug 30, 2016
—
919 Storage Nc 751 LLC
—
Deed
related
$750,000 · Yadkin Bank
Apr 5, 2005
$1,136,500
Little Bear LLC
Center 123 LLC
Warranty 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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