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Property profile & analytics

1314 Broad St Durham, NC 27705-3533

  • Commercial real estate
  • 1,668 SF
  • 0.17 lot acres
OFF-MARKET
Last Sale
Jun 02, 2025
$400,000
Value Estimations
$360,000
Show details
Cap Rate Potential
6.3%
Commercial real estate
Location Intelligence
Property ID
US53-0497651
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Broad Street Entrepreneur / Business Management Consultant
  • Entrepreneurial Assistance / Accountant

Property Details for 1314 Broad St

Year built
1930
Lot size
0.17 lot acres
Property size
1,668 SF
Zone code
OI
Property type
Commercial real estate
APN
100785
APU
100785

Description

This exceptional 1,656 square foot retail property, located at 1314 Broad Street in Durham, North Carolina, presents a fantastic opportunity for owner-occupancy or investment. Priced at $450,000 ($272 per square foot), this building boasts a highly desirable location just off the intersection of Broad Street Road and Sprunt Avenue, a short distance from downtown Durham. Its convenient proximity to I-85, Trinity Park, and Duke Forest offers excellent accessibility. The property also benefits from its position across the street from the North Carolina School of Science and Mathematics and its close proximity to Duke University's East Campus, ensuring high visibility and foot traffic. The building itself features seven surface parking spaces, a significant advantage in a bustling urban area. Additional storage space is available at the rear of the building. Inside, the layout includes six offices, a kitchenette, two bathrooms, and a small work/copy room, providing ample space for a variety of business uses. Previously owner-occupied, this property is ideal for a small business owner seeking a well-located space, a company establishing a satellite office, or an investor looking for a strong return. The property's features and location combine to create a compelling investment opportunity in a thriving Durham neighborhood. The zip code is 27705.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $360,000
    ML approach
    $375,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $375,000
    6.5%
    $345,000
    7%
    $320,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $457,000
    Market price range: $323k - $519k
    AI Estimate
    $305,000
    Market price range: $132k - $383k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Durham
County
Durham
State
North Carolina
Longitude
-78.9186
Latitude
36.0202
CBSA code
20500
CBSA name
DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,979
$104,282
$109,282
$213,564
-
$104,282
$109,282
$213,564
More about this property
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