Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3503 Grimes Ave Durham, NC 27703

    Pending
    For Sale
    $650,000

    LAND - Durham, NC

    Lot size:
    6.53 Acres
    Days on Market:
    14
    Last Refresh:
    Dec 14 at 3:06 pm

    Property Features for 3503 Grimes Ave

    General Information

    Special listing conditions
    Standard, Probate Listing
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard, Probate Listing
    Standard status
    Pending
    Vegetation
    Partially Wooded
    APN
    162484,162486,162545
    Lot size
    6.53 Acres

    Utilities

    Utilities
    Water Available
    Water source
    Public

    Coldwell Banker Advantage [email protected]

    Listing agent Ashley Brook Roberts (919) 698-6702

    Listing date Dec 1, 2025

    MLS# 10090837 Listing URL

    Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Durham Land Subdivision Opportunity

    This 6.53-acre property in Durham, North Carolina, presents an opportunity for residential development. The land comprises three adjoining parcels and is currently zoned RS-20. A proposed zoning change to RS-M is under consideration. Sewer and water services are available. The property features road frontage on both Grimes Avenue and Gibson Avenue. A preliminary subdivision layout, prepared by FLM Engineering, suggests the potential for 22 home sites if the rezoning to RS-M is approved. There is an existing home on the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.833533
    Latitude
    35.972631

    Nearby Similar for Sale

    • $539,000
      Pending

      Well-Maintained Duplex in American Village

      Duplex near Downtown Durham, Duke University, and Duke Hospital.
      4316 American Dr, Durham, NC 27705
      View Details
    • $1,739,000
      9,148 SF

      Renovated Multifamily Investment Near Duke

      Nine units in two buildings near Duke University.
      2209-2211 Morehead Ave, Durham, NC 27707
      View Details
    • $414,000
      1,500 SF

      Renovated Duplex Near Duke University

      Fully renovated Durham duplex, ideal for investors or owner-occupants.
      1015 Rosedale Ave, Durham, NC 27707
      View Details
    • $6,500,000
      1.80 Acres

      Prime Commercial Property in Durham

      Commercial property in Durham's Hayti District, near downtown.
      601 Fayetteville St, Durham, NC 27701
      View Details
    • $599,000
      1,249 SF

      Durham Duplex: Turnkey Investment Opportunity

      West Durham duplex, furnished, remodeled, with income potential.
      1022 Carolina Ave, Durham, NC 27705
      View Details
    • $374,000
      Pending

      Durham Duplex Investment Opportunity

      Duplex in prime location, ideal for investors or house hackers.
      1433 Cherrycrest Dr, Durham, NC 27704
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 6.53 acres in Durham, suitable for residential development.
    Where is this residential land & home lot located?
    The property is located at 3503 Grimes Ave Durham, NC.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Development opportunity: 6.53 acres suitable for a small subdivision.; - Prime Durham location.; - Potential for **22 home sites** with proposed RS-M zoning.
    (919) 698-6702
    Request Owner's contact information
    3503 Grimes Ave Durham, NC 27703
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3503 Grimes Ave
    Durham, NC 27703
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3503 Grimes Ave Durham, NC 27703
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.