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

    4603 Durham-Chapel Hl Blvd Durham, NC 27707

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / Women'S Clothing Store / Jewelry Store
    • Party City / Costume Store / Party Store
    • Skunk Funk / Wholesaler / Clothing Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 4603 Durham-Chapel Hl Blvd

    Property type
    Land

    Description

    This ±2.58-acre commercial land parcel presents a compelling ground lease opportunity in Durham, North Carolina. Strategically located on Durham-Chapel Hill Boulevard, near the intersection of Garrett Road, this site boasts exceptional visibility and accessibility due to its proximity to Interstate 40. The property's Commercial General (CG) zoning allows for a wide range of commercial development options, catering to businesses seeking a prominent location with high traffic counts. The address is 4603 Durham-Chapel Hill Blvd, Durham, NC 27707, with the APN listed as 140114. Its location serves both the Durham and Chapel Hill markets, providing access to a substantial regional customer base. This single-tenant opportunity is ideal for businesses seeking a high-impact location with convenient access to major transportation arteries. The property's size and zoning provide significant flexibility for development, making it an attractive investment for a variety of commercial ventures. The site's prominent location on Durham-Chapel Hill Boulevard ensures high visibility and easy access for customers and employees. This is a rare opportunity to secure a substantial land parcel in a thriving area with excellent growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Wilkes
    State
    North Carolina
    Longitude
    -78.9767
    Latitude
    35.9612

    Comparable in this City

    • Value Estimation by Request

      3700 Cook Rd

      Land
      3700 Cook Rd, Durham, NC 27707
      View Details
    • Value Estimation by Request

      2550 Durham-Chapel Hl Blvd

      Land
      2550 Durham-Chapel Hl Blvd, Durham, NC 27707
      View Details
    • Value Estimation by Request
      9.80 Acres

      3707 Fayetteville St

      Land • 9.80 Acres
      3707 Fayetteville St, Durham, NC 27707
      View Details
    • Value Estimation by Request
      5.62 Acres

      3823 Durham-Chapel Hl Blvd

      Land • 5.62 Acres
      3823 Durham-Chapel Hl Blvd, Durham, NC 27707
      View Details
    • Value Estimation by Request
      0.10 Acres

      1002 Roxboro St

      Land • 0.10 Acres
      1002 Roxboro St, Durham, NC 27707
      View Details
    • Value Estimation
      $255,000
      1.29 Acres

      1600 Ss St

      COMMERCIAL (GENERAL) • 1.29 Acres
      1600 Ss St, Durham, NC 27707-3158
      View Details

    Similar Nearby for Sale

    • $1,400,000
      2.82 Acres

      South Durham Commercial Land

      ±2.82 Acres, Prime Location
      4350 Garrett Rd, Durham, NC 27707
      View Details
    • $80,000

      Undeveloped Land For Sale

      Undeveloped land available for sale.
      3306 Swansea St, Durham, NC 27707
      View Details
    • $2,400,000
      9.80 Acres

      Durham Residential Land - 9.8 Acres

      Prime Durham residential land, ideal for development.
      3707 Fayetteville St, Durham, NC 27707
      View Details
    • $18,000,000
      5.62 Acres

      Durham Multifamily Land Opportunity

      Prime 5.62-acre site, ideal for redevelopment.
      3823 Durham-Chapel Hl Blvd, Durham, NC 27707
      View Details
    • $125,000
      0.14 Acres

      Vacant Lot in Morehead Hill

      Vacant lot in Durham's Morehead Hill Historic District.
      905 Morehead Ave, Durham, NC 27707
      View Details
    • $450,000
      0.85 Acres

      Rare Durham Land Parcel

      Desirable 0.85-acre parcel with unmatched privacy in Durham, NC.
      4515 Chicopee Trl, Durham, NC 27707
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Durham Commercial Land Opportunity

      Prime Durham location, flexible acreage, commercial zoning.
      3700 Cook Rd, Durham, NC 27707
      View Details
    • Contact for pricing

      Downtown Durham Commercial Land

      ±1.8 Acres, High-Traffic Retail Site
      2550 Durham-Chapel Hl Blvd, Durham, NC 27707
      View Details
    • Contact for pricing
      77,101 SF

      Durham Commercial Land Assemblage

      1.77 Acres, Prime Durham Location
      4138 Old Chapel Hill Rd, Durham, NC 27707
      View Details
    • Contact for pricing
      1 SF

      Prime Land Lease Opportunity

      Land for lease with high visibility and traffic counts.
      5314 Jean Ave, Durham, NC 27707
      View Details
    • Contact for pricing
      2 SF

      Prime Land on Durham-Chapel Hill

      2.58-acre commercial land for lease with high visibility.
      4603 Durham-Chapel Hl Blvd, Durham, NC 27707
      View Details
    • Contact for pricing
      1 SF

      Prime Commercial Site For Rent

      Commercial site for rent in a fast-growing area.
      2550 Durham-Chapel Hl Blvd, Durham, NC 27707
      View Details
    Request Owner's contact information
    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.
    4603 Durham-Chapel Hl Blvd
    Durham, NC 27707
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    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.