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Property profile & analytics
OFF-MARKET
Estimated value
$23,860,000
Automotive properties
951 Southpoint Auto Park Blvd Durham, NC 27713-7330
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2138213
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Total area
76,922 SF
Lot
15.43 ac (672,131 SF)
Zoning code
CG(D)
APN
143592
UPID
US53-2138213
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
-
Crown Honda of Southpoint Service Department Auto Repair Shop
-
Southpoint Honda Service Auto Repair Shop
-
Southpoint Honda Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.42M
Blend (final)
Blend
$23.86M
Owner & transaction history
Rp Cgr Sp Hon LLC · 3 yrs held
Rp Cgr Sp Hon LLC
since 2022
Last sale
$25.1M
5 recorded transactions
Zoning & alternative use
CG(D) · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$38.5M
+71.7%
Restaurant
$32.8M
+46.3%
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
$22,925,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$22,435,000
Current use
APARTMENT HOUSE (5+ UNITS)
$38,520,000
Change: +72% · Conversion: Difficult
RESTAURANT
$32,830,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$21,845,000
Change: -3% · Conversion: Difficult
RETAIL STORES
$18,905,000
Change: -16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$18,640,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$23.86M
Range $21.47M – $26.25M · ±10% · vs last sale $25.05M (Dec 6 2022)
Last sale anchor
$25.05M
Dec 6 2022
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
$310 / 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
$215,383
Tax year 2024
Assessed value
$15,440,747
Assessed 2024
Previous assessed
$15,440,747
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$5,582,481
Assessed improvement
$9,858,266
Land market value
$5,582,481
Improvement market value
$9,858,266
Total market value
$15,440,747
Applied tax rate
65.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Heating
NONE
Total area
76,922 SF
Lot
15.43 ac (672,131 SF)
Zoning code
CG(D)
APN
143592
UPID
US53-2138213
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
AUTO REPAIR, GARAGE Current
Est. value
$22.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$38.5M
RESTAURANT
Est. value
$32.8M
OFFICE BUILDING
Est. value
$21.8M
RETAIL STORES
Est. value
$18.9M
COMMERCIAL (GENERAL)
Est. value
$18.6M
AUTO REPAIR, GARAGE Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
OFFICE BUILDING
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
Heating
NONE
Lot
15.43 ac
Current owner
From public records · entity-resolved
Rp Cgr Sp Hon LLC
Entity
Mailing address
100 COASTAL DR #4000, CHARLESTON, SC 29492-8968
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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 6, 2022
$25,050,000
Rp Cgr Sp Hon LLC
Crown Chh LLC
Warranty Deed
—
Nov 14, 2018
—
Crown Chh LLC
—
Grant Deed
related
$260,000,000 · Bank Of America
Aug 11, 2017
—
Aqua Moon LLC
—
Loan Modification
related
$17,617,500 · Toyota Motor Credit
Mar 14, 2008
—
C David Johnson
Reveille LLC
Grant Deed
$14,870,000 · Toyota Motor Credit Corp
—
—
Reveille LLC
—
Deed Of Trust
related
$10,000,000 · Regions Bk/fayette
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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