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Property profile & analytics
OFF-MARKET
Estimated value
$19,335,000
Industrial properties
Cornwallis Rd Durham, NC 27703
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-3660288
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Total area
100,125 SF
APN
229516
UPID
US53-3660288
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
-
Dee & Kee Party Rental Party Supply Store Rental Equipment Company
-
USDA Southeast Climate Hub Hardware & Home Improvement HVAC Service
-
Shell Grocery & Convenience Store
-
RTI international, East Cornwallis Road, Durham, NC Research Institute
-
Rescue Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.80M
Comparable Approach
Comparable
$22.47M
Blend (final)
Blend
$19.34M
Owner & transaction history
Dpr Rtp Genesis LLC · 4 yrs held
Dpr Rtp Genesis LLC
since 2021
Last sale
$18.8M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$29.2M
+20.0%
Apartment house (5+ units)
$26.7M
+9.7%
Retail stores
$24.6M
+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
$20,210,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$22,530,000
6.5%
$20,795,000
7%
$19,310,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$24,335,000
Current use
AUTO REPAIR, GARAGE
$29,200,000
Change: +20% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$26,705,000
Change: +10% · Conversion: Moderate
RETAIL STORES
$24,610,000
Change: +1% · Conversion: Easy
OFFICE BUILDING
$22,870,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$19.34M
Range $17.40M – $21.27M · ±10% · vs last sale $18.80M (Aug 20 2021)
Last sale anchor
$18.80M
Aug 20 2021
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
$193 / 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
$29,607
Tax year 2024
Assessed value
$11,370,000
Assessed 2024
Previous assessed
$11,370,000
+0.0% YoY
Effective rate
0.26%
On assessed value
Assessed improvement
$11,370,000
Improvement market value
$11,370,000
Total market value
$11,370,000
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
Cooling
YES
Total area
100,125 SF
APN
229516
UPID
US53-3660288
Jurisdiction
DURHAM
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$24.3M
AUTO REPAIR, GARAGE
Est. value
$29.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$26.7M
RETAIL STORES
Est. value
$24.6M
OFFICE BUILDING
Est. value
$22.9M
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
Cooling
Yes
Current owner
From public records · entity-resolved
Dpr Rtp Genesis LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2000 PO BOX 12199TH PKWY STE #118, DURHAM, NC 27709-2199
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2021
$18,800,000
Dpr Rtp Genesis LLC
Tkc 3029 6 LLC
Special Warranty Deed
—
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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