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Property profile & analytics
OFF-MARKET
Estimated value
$1,690,000
Industrial properties
928 Miami Blvd Durham, NC 27703-2228
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2098668
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2011
Total area
7,101 SF
Lot
0.72 ac (31,363 SF)
Zoning code
CG
APN
120870
UPID
US53-2098668
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
-
Picasso Pawn Discount Store (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.48M
Comparable Approach
Comparable
$1.96M
Blend (final)
Blend
$1.69M
Owner & transaction history
North Miami Blvd Partners LLC · 15 yrs held
North Miami Blvd Partners LLC
since 2010
4 recorded transactions
Zoning & alternative use
CG · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+20.0%
Apartment house (5+ units)
$1.9M
+9.7%
Retail stores
$1.7M
+1.1%
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%
$1,600,000
6.5%
$1,475,000
7%
$1,370,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,725,000
Current use
AUTO REPAIR, GARAGE
$2,070,000
Change: +20% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,895,000
Change: +10% · Conversion: Moderate
RETAIL STORES
$1,745,000
Change: +1% · Conversion: Easy
OFFICE BUILDING
$1,620,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$1.69M
Range $1.52M – $1.86M · ±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
$238 / 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
$14,431
Tax year 2024
Assessed value
$1,034,525
Assessed 2024
Previous assessed
$1,034,525
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$334,497
Assessed improvement
$700,028
Land market value
$334,497
Improvement market value
$700,028
Total market value
$1,034,525
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2011
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
7,101 SF
Lot
0.72 ac (31,363 SF)
Zoning code
CG
APN
120870
UPID
US53-2098668
Jurisdiction
DURHAM
Zoning & alternative use
CG · Durham, NC
Zoning CG · permitted uses
CG · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
RETAIL STORES
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
OFFICE BUILDING
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
2011
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
North Miami Blvd Partners LLC
Entity
Free & Clear · 15 yrs held
Mailing address
430 DAVIS DR STE #110, MORRISVILLE, NC 27560-6829
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
May 25, 2023
—
North Miami Blvd Partners LLC
—
Deed
related
$500,000 · First Bank
Dec 22, 2010
—
North Miami Blvd Partners LLC
J & R Pawn Shop INC
Grant Deed
—
—
—
North Miami Blvd Partners LLC
—
Deed Of Trust
related
$900,000 · First Bank
—
—
North Miami Blvd Partners LLC
—
Deed Of Trust
related
$380,000 · Wilmington Business Dev
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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