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    Property profile & analytics

    3533 Gibson Rd Durham, NC 27703

    • Commercial real estate
    • 5.90 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-3524860
    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

    • Commercial real estate

    Property Details for 3533 Gibson Rd

    Lot size
    5.90 lot acres
    Property type
    Commercial real estate
    APN
    162493 & 162546

    Description

    This exceptional 5.9-acre property, located at 3533 Gibson Rd in Durham, NC, presents a unique opportunity for developers. Zoned RS-20 & RR, this land offers versatile potential for both commercial and residential projects. The parcels, identified by APN numbers 162493 & 162546, boast convenient access to major thoroughfares. Situated just one mile from NC Hwy 98 and US 70/I-885, it provides easy commutes to downtown Durham (6 miles), the Research Triangle Park (RTP, 6 miles), and Duke University/Hospital (8 miles). A completed land use study is available, and utilities are conveniently located on-site. The property benefits from its proximity to the new Durham East End Connector (I-885), enhancing accessibility to key employment hubs in RTP and fueling development in east Durham. This strategic location and the completed land use study make this a compelling investment opportunity. The asking price for this significant parcel is $299,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.833424147762
    Latitude
    35.973521030264

    Comparable in this City

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    • $125,000
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      East Durham Development Opportunity

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    • $2,750,000
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      Durham Residential Land - 9 Acres

      Prime Durham residential land, 9.21 acres.
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    • $100,000
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      East Durham Development Opportunity

      3,524 sq ft lot zoned RU-M in fast-growing East Durham.
      612 Raynor St, Durham, NC 27703
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    • $719,900
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      Modern Duplex Near Downtown Durham

      Two-story duplex with modern amenities, close to downtown Durham.
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    • $699,900
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      Modern Duplex Near Downtown Durham

      Side-by-side duplex near downtown Durham and upcoming mixed-use development.
      307 East End Ave, Durham, NC 27703
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    Similar Nearby for Sale

    • $2,750,000
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      Durham Residential Land - 9 Acres

      Prime Durham residential land, 9.21 acres.
      3721 Brightwood Ln, Durham, NC 27703
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    • $100,000
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      East Durham Development Opportunity

      3,524 sq ft lot zoned RU-M in fast-growing East Durham.
      612 Raynor St, Durham, NC 27703
      View Details
    • $125,000
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      East Durham Development Opportunity

      Residential lot zoned for multifamily development in Durham, NC.
      610 Raynor St, Durham, NC 27703
      View Details
    • $1,500,000
      8.72 Acres

      Durham 8.72 Acre Residential Land

      Prime Durham location, development potential, existing home.
      3217 Rowena Ave, Durham, NC 27703
      View Details
    • $699,900
      3,104 SF

      Modern Duplex Near Downtown Durham

      Side-by-side duplex near downtown Durham and upcoming mixed-use development.
      307 East End Ave, Durham, NC 27703
      View Details
    • $719,900
      3,034 SF

      Modern Duplex Near Downtown Durham

      Two-story duplex with modern amenities, close to downtown Durham.
      1109 Eva St, Durham, NC 27703
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
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      Durham Townhome with Back Deck

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    • $1,095 /Mo
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      Durham Duplex Near Duke

      One-bedroom duplex unit with included appliances, convenient location in Durham.
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      Carr Rd Apartments For Rent

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    • Contact for pricing

      Prime Commercial Outparcel in Durham

      1.09 acre outparcel with high traffic exposure.
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      272,937 SF

      Durham Warehouse: 273,000 SF Available

      Large industrial warehouse, multiple suites, immediate occupancy.
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      12,000 SF

      Durham County Warehouse - 12,000 SF

      Spacious warehouse, 5.5 acres, immediate occupancy.
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    3533 Gibson Rd
    Durham, NC 27703
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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.

    More about this property
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