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    Live-Work Craftsman Office Bungalow Title is generated by Realmo AI

    1814 Chapel Hill Road, Durham, NC 27707

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    For Sale
    $499,500

    COMMERCIAL - Durham, NC

    Type:Office
    Property size:
    1,922 SF
    Lot size:
    0.30 Acres
    Price / SF:
    $259/SF
    Added:
    Jun 1, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 5 at 10:06 pm

    Property Features for 1814 Chapel Hill Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    OI, Urban Tier
    Bathrooms
    3
    Rooms
    Bathroom 3, Basement, Bathroom 1, Bathroom 2
    Parking
    5
    Vegetation
    Cleared
    Interior features
    Bathtub/Shower Combination, Laminate Counters
    Exterior features
    Rain Gutters
    Fencing
    Gate
    Basement
    Dirt Floor, Walk-Out Access, Concrete, Unfinished, Interior Entry
    Appliances
    Dishwasher, Electric Water Heater, Free-Standing Gas Range, Free-Standing Refrigerator
    Standard status
    Active
    APN
    108485
    Size
    1,922 SF
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Prop-Vickers W D/Lt#02 Pl:000011-000019
    Tax Annual Amount
    4838

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1938
    Floors in Building
    2
    Flooring type
    Tile, Hardwood, Carpet, Vinyl
    Building materials
    Wood Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Lisa Janes

    Listing agent Lisa Janes

    Listing office Weichert, Realtors-Mark Thomas 3901 University Drive, Durham, NC

    Listing date Jun 1, 2026

    MLS# 10172171

    Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1938 Craftsman‑style bungalow with German‑board wood siding and shingle roof
    • Front porch plus rambling flower garden and a gated entrance
    • Interior includes front parlor with fireplace, separate dining room, and sunny breakfast room with wall of windows
    • Updated features noted: newer roof, gutters, and electric water heater
    • Unfinished walk‑out basement with concrete flooring
    • Central air and forced‑air natural gas heating; public water and public sewer

    Overview

    A charming 1930s Craftsman-style bungalow configured for live-work and office/institutional use. The home features a rambling flower garden leading to a large rocking-chair front porch, a front parlor with fireplace, a separate dining room, and a sunny breakfast room with a wall of windows. Exterior improvements include German-board wood siding, along with a newer roof, gutters, and water heater. An unfinished, walk-out basement with concrete flooring adds usable storage or future buildout space. Additional parking is provided around a detached garage building out back.

    The property is located in Durham’s Office/Institutional, Urban Tier district. It’s listed as less than a block to Lakewood Social Restaurant, with many destinations within minutes, including Cocoa Cinnimon, Lakewood YMCA, Duke University, Durham Performing Arts Center, and Durham Bulls Ballpark, along with nearby restaurants, shopping, and places of worship.

    For tenants, buyers, or operators seeking a character-filled space that can support both daily living and business activity, the layout offers several distinct interior rooms and the walk-out basement for added flexibility. Parking for visitors or staff is available on-site, and the detached garage area helps keep vehicle storage organized while maintaining a separate work entry experience from the front porch approach.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $48.0k $24.96
    − Vacancy −$8.4k −$4.37
    EGI $39.6k $20.59
    − OpEx −$9.9k −$5.15
    NOI $29.7k $15.44
    1,922 SF · lease $24.96/SF/yr · vacancy 17.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $424.0K
    $371.0K – $494.7K (±1% cap)
    NOI $29,683 @ 7.0% cap · market cap 5.94%
    Second Best
    Mixed Use
    $370.7K
    $324.3K – $432.5K (±1% cap)
    NOI $25,947 @ 7.0% cap · market cap 5.19%
    Theoretical Best
    Office A
    $620.6K
    $543.1K – $724.1K (±1% cap)
    NOI $43,444 @ 7.0% cap · market cap 8.70%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bridges Edward MD Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.924793
    Latitude
    35.989836

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    FAQs

    What type of property is this?
    Live-work space - 1930s craftsman home in an Office/Institutional district offering multiple rooms for live-work or office use.
    Where is this live-work space located?
    The property is located at 1814 Chapel Hill Road Durham, NC.
    What is the asking price?
    The asking price for this property is $499,500.
    What are key features of this property?
    This property features: 1938 Craftsman‑style bungalow with German‑board wood siding and shingle roof; Front porch plus rambling flower garden and a gated entrance; Interior includes front parlor with fireplace, separate dining room, and sunny breakfast room with wall of windows
    (919) 423-3463
    We can help!
    Listing Contact
    Lisa Janes
    Request Owner's contact information
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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