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    1500 Ridgeway Ave Durham, NC 27701

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    For Sale
    $150,000

    Spacious lot in a growing Durham area, ideal for development.

    Lot size:
    0.39 Acres

    Property Features for 1500 Ridgeway Ave

    General Information

    Standard status
    Active
    Lot size
    0.39 Acres
    Source: Corcoran

    Listing Agent: Wendy Cruz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Durham Land Opportunity

    This property features a 0.39-acre lot located in a growing area of Durham. It is conveniently situated near major highways, schools, shopping, and downtown Durham. The property is suitable for development or building a home. City water and sewer are located nearby; verification is the responsibility of the buyer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.8875883
    Latitude
    35.9701347

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    FAQs

    What type of property is this?
    Land - Spacious lot in a growing Durham area, ideal for development.
    Where is this land located?
    The property is located at 1500 Ridgeway Ave Durham, NC.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Spacious .39-acre lot in a growing area of Durham; - Ideal for investors, builders, or future homeowners; - Convenient location near major highways, schools, shopping, and downtown Durham
    (888) 584-9431
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    1500 Ridgeway Ave Durham, NC 27701
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    Durham, NC 27701
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    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
    1500 Ridgeway Ave Durham, NC 27701
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