New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Parking lots & garages
99 Tw Alexander Dr Durham, NC 27709-0147
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-2198646
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
2019
Total area
42,884 SF
Lot
11.94 ac (520,106 SF)
Zoning code
SRP
APN
154120
UPID
US53-2198646
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
-
Botanics Integrated Research Foundation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.17M
Owner & transaction history
Compass Datacenters Rdu I LLC · 6 yrs held
Compass Datacenters Rdu I LLC
since 2020
7 recorded transactions
Zoning & alternative use
SRP · 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
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±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
$27 / 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
$17,565
Tax year 2024
Assessed value
$1,302,322
Assessed 2024
Previous assessed
$1,302,322
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$1,302,322
Land market value
$1,302,322
Total market value
$1,302,322
Applied tax rate
27.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
2019
Heating
YES
Cooling
YES
Stories
1
Total area
42,884 SF
Lot
11.94 ac (520,106 SF)
Zoning code
SRP
APN
154120
UPID
US53-2198646
Jurisdiction
DURHAM
Zoning & alternative use
SRP · Durham, NC
Zoning SRP · permitted uses
SRP · 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
2019
Heating
YES
Cooling
Yes
Stories
1
Lot
11.94 ac
Current owner
From public records · entity-resolved
Compass Datacenters Rdu I LLC
Entity
Mailing address
PO BOX 56607, ATLANTA, GA 30343-0607
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2020
—
Compass Datacenters Rdu I LLC
—
Deed
related
$78,546,000 · Wilmington Tr NA
Jun 8, 2020
—
Compass Datacenters Rdu I LLC
Compass Datacenters Rdu Ib LLC
Intrafamily Transfer
related
$78,546 · Wilmington Trust NA
Jul 5, 2019
—
Compass Datacenters Rdu I LLC
—
Loan Modification
related
$750,000,000 · Keybank USA
Jul 25, 2017
—
Compass Datacenters Rdu I LLC
—
Loan Modification
related
$300,000,000 · Keybank USA
Sep 27, 2012
—
Compass Datacenters Rdu I LLC
—
Deed Of Trust
related
$45,000,000 · Keybank USA
—
—
Compass Datacenters Rdu I LLC
—
Loan Modification
related
$150,000,000 · Keybank USA
—
—
Compass Datacenters Rdu I LLC
—
Loan Modification
related
$78,546,000 · Wilmington Tr 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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