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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Office buildings
818 Broad St, Durham, NC 27705-4138
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0244441
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1964
Total area
1,792 SF
Lot
0.16 ac (6,970 SF)
Zoning code
CD-S2
APN
101770
UPID
US53-0244441
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
-
818 Dental Dental Office
-
Dr. Jiger Shah Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
$455k
Comparable Approach
Comparable
$472k
Blend (final)
Blend
$585k
Owner & transaction history
Arthur K Kamiya · 2 yrs held
Arthur K Kamiya
since 2023
Last sale
$580,000
5 recorded transactions
Zoning & alternative use
CD-S2 · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$525,000
+53.0%
Retail stores
$440,000
+28.9%
Commercial (general)
$430,000
+26.2%
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
$725,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
$490,000
6.5%
$455,000
7%
$420,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$525,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$440,000
Change: +29% · Conversion: Moderate
COMMERCIAL (GENERAL)
$430,000
Change: +26% · Conversion: Easy
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $580k (Aug 1 2023)
Last sale anchor
$580k
Aug 1 2023
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
$326 / 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
Tax billed
$3,947
Tax year 2023
Assessed value
$282,981
Assessed 2024
Previous assessed
$282,981
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$96,213
Assessed improvement
$186,768
Land market value
$96,213
Improvement market value
$186,768
Total market value
$282,981
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1964
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
1,792 SF
Lot
0.16 ac (6,970 SF)
Zoning code
CD-S2
APN
101770
UPID
US53-0244441
Jurisdiction
DURHAM
Zoning & alternative use
CD-S2 · Durham, NC
Zoning CD-S2 · permitted uses
CD-S2 · 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
AUTO REPAIR, GARAGE
Est. value
$525,000
RETAIL STORES
Est. value
$440,000
COMMERCIAL (GENERAL)
Est. value
$430,000
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (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
1964
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Arthur K Kamiya
Individual
Mailing address
3509 MOSSDALE AVE, DURHAM, NC 27707-3813
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Aug 1, 2023
$580,000
Arthur K Kamiya
Royal Oak Durham Real Estate LLC
Special Warranty Deed
—
Feb 21, 2020
$450,000
Royal Oak Durham Real Estate LLC
Pilling Place LLC
Warranty Deed
$450,000 · Southern Bank & Trust Co
Dec 28, 2001
—
Pilling Place Ltd Partners
Pyle,james L
Grant Deed
related
—
Jan 14, 2000
$150,000
James L Pyle
Citrini,richard
Grant Deed
—
—
—
Pilling Place LP
—
Deed Of Trust
related
$175,000 · Bank Of America
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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