Building Summary

Data last updated on: 4/1/2026     Ownership current as of: 3/27/2026     Tax Year: 2026
REID 123222

PIN # 0810-77-3005

Location Address Property Description
3205 UNIVERSITY DR PROP-HOLMES OIL COMPANY I NC/TR#01 DBA/RAYS LOUNGE PL:000197-000309
   
Property Owner Owner's Mailing Address
4637 WEST MARKET SHOPPING LLC
11010 LAKE GROVE BLVD STE 100-313
MORRISVILLE NC 27560
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Building Location Address
3205 UNIVERSITY DR
Card   of  1        Section   of  1
Building Details

Building Name RETAIL STORE
Primary Occupancy Type COMMERCIAL
Primary Occupancy 69M-RETAIL-STORE-MAS
Primary Class M
Primary Quality B-
Year Built 2001
Effective Year 2001
Physical Depreciation (Rating) CGR-CDU PERCENTAGE
Physical Depreciation (% Bad) 25.00%
Economic Depreciation (% Bad) 0%
Functional Depreciation (% Bad) 0%
Gross Leasable Area (SQFT) 12800
Remodeled Year
Total Stories

Section Details

Occupancy Type COMMERCIAL


Class M
Depreciation 25%
Depreciation CGR-CDU PERCENTAGE
Heat 15-HEAT-&-AC-COM
Occupancy 69M-RETAIL-STORE-MAS
Quality B-
Exterior Walls N/A-EXT-WALL
Building Total & Improvement Details

Total Adjusted Replacement Cost New $2,171,944
Physical Depreciation (% Bad) 25.00%
Depreciated Value $1,628,958
Economic Depreciation (% Bad) 0%
Functional Depreciation (% Bad) 0%
Total Depreciated Value $1,628,958
Market Area Factor 1.00
Building Value $1,628,958
Misc Improvements Value $25,500
Total Improvement Value $1,654,458

Assessed Land Value $1,095,000
   
Assessed Total Value $2,749,458


Addition Summary 
StoryTypeCodeArea
1.00 Canopy Commercial 41 1776
 
Other Improvements 
UnitsDescriptionItemCodeYear% BadValue
24000 SIZE Asphalt Paving 2001 75 25500
 


Building Sketch
Photograph
Building Sketch Building Photo
(Click sketch for bigger image)




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