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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Super regional malls
737 9th St, Durham, NC 27705-4887
Entity Owned
14-yr Hold
Free & Clear
Property ID
US53-1590840
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1985
Total area
25,710 SF
Lot
3.37 ac (146,797 SF)
Zoning code
CD-S1
APN
104052
UPID
US53-1590840
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
-
Panera Bread Take-out & Catering Catering Service
-
Pure Barre Gym & Fitness Center
-
Burger Bach - Durham Restaurant
-
L.A. Bikini Spa & Massage Center Skin Care Clinic
-
EVgo Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$755k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$755k
Blend (final)
Blend
$755k
Owner & transaction history
Cpgpi Regency Erwin LLC · 14 yrs held
Cpgpi Regency Erwin LLC
since 2012
4 recorded transactions
Zoning & alternative use
CD-S1 · 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
by Request
ML approach
$755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$755k
Range $680k – $831k · ±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
$29 / 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
$84,553
Tax year 2024
Assessed value
$6,061,592
Assessed 2024
Previous assessed
$6,061,592
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$1,918,400
Assessed improvement
$4,143,192
Land market value
$1,918,400
Improvement market value
$4,143,192
Total market value
$6,061,592
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1985
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
25,710 SF
Lot
3.37 ac (146,797 SF)
Zoning code
CD-S1
APN
104052
UPID
US53-1590840
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.
Building & site characteristics
From public records
Year built
1985
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
3.37 ac
Current owner
From public records · entity-resolved
Cpgpi Regency Erwin LLC
Entity
Free & Clear · 14 yrs held
Mailing address
PO BOX 2539, SAN ANTONIO, TX 78299-2539
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2014
—
Cpgpi Regency Erwin LLC
—
Grant Deed
related
$10,000,000 · Great-west Life & Annuity Ins
Jun 6, 2012
—
Cpgpi Regency Erwin LLC
Cpgpi Erwin Mill LLC
Quit Claim Deed
related
—
May 31, 2012
$17,750,000
Cpgpi Erwin Mill LLC
Sehed II Ltd
Special Warranty Deed
$7,500,000 · Sun Life Assurance Of Canada
May 31, 2012
$5,762,500
Cpgpi Regency Erwin LLC
Cpgpi Erwin Mill LLC
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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