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Property profile & analytics
OFF-MARKET
Office buildings
851 Durham Rd Ste C Wake Forest, NC 27587-3301
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1652180
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
BRICK
Total area
1,250 SF
Lot
0.01 ac (436 SF)
Zoning code
HB
APN
1831.19-61-9486 0331513
UPID
US53-1652180
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
-
Dr. Kofi Bruce Mensah, MD Pediatrician Physician
-
Capp Monica M Physician
-
Triangle Primary Care Associates Medical Clinic
-
Imperium Intelligence Inc Employment Agency
-
Jackson Law - Wake Forest Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
851 Durham Holdings LLC · 4 yrs held
851 Durham Holdings LLC
since 2021
Last sale
$280,000
5 recorded transactions
Zoning & alternative use
HB · Wake Forest, 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 Wake Forest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wake Forest 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,731
Tax year 2023
Assessed value
$235,021
Assessed 2023
Previous assessed
$235,021
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed improvement
$235,021
Improvement market value
$235,021
Total market value
$235,021
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
2001
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
1,250 SF
Lot
0.01 ac (436 SF)
Zoning code
HB
APN
1831.19-61-9486 0331513
UPID
US53-1652180
Jurisdiction
WAKE
Zoning & alternative use
HB · Wake Forest, NC
Zoning HB · permitted uses
HB · Wake Forest, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wake Forest. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.01 ac
Current owner
From public records · entity-resolved
851 Durham Holdings LLC
Entity
Mailing address
3605 GLENWOOD AVE STE #480, RALEIGH, NC 27612-3983
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 2, 2021
$280,000
851 Durham Holdings LLC
Evelyn Oneal
Warranty Deed
$238,000 · First Citizens Bank & Trust Co
Mar 30, 2017
—
Triangle Lending Services LLC
Triangle Lending Services LLC
Quit Claim Deed
related
—
Nov 24, 2014
—
Daryl W Cady
Triangle Lending Services LLC
Grant Deed
related
—
Jun 13, 2005
$269,000
Triangle Lending Services LLC
Cady,daryl W & Ekaterina
Warranty Deed
related
$215,000 · Suntrust Bank NA
—
—
Triangle Lending Services LLC
—
Deed Of Trust
related
$215,000 · Suntrust Bank NA
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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