Property profile

1111 Alma St Durham, NC 27703

OFF-MARKET
Garden apartment buildings
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Property ID
US53-0049639
3,000 SF 0.35 ac Built 1987
Last sale Aug 2024·$700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

This four-unit residential property features a consistent unit layout, with each unit configured as 2 bedrooms and 1 bathroom. The interiors were remodeled within the last few years and each unit is equipped with air conditioning. The property is situated on a large corner lot that provides ample on-site parking. It is located near downtown Durham and within walking distance of East Village, in an area that has experienced ongoing remodeling and new construction of single-family homes. The…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value · 2024$195k
Assessed land$30k
Assessed improvement$165k
Effective rate1.39%

Value estimate

· Nov 2026
$700k
$630k – $770k
AI approach$700k
Submarket $/SF estimate$899k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$267/SF
ZIP average, outlier-cleaned · 16 recorded sales of this use type
Observed band · Q1–Q3$133 – $656
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
RS-M
Multifamilydevelopmentis permitted in areas designated RS-M, which should have convenient access to arterial streets and nearby civic, co...
General categoryCIVIC_INSTITUTIONAL
JurisdictionDURHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.2
Dental Office13.3
Law Firm11.8

Location

1111 Alma St Durham, NC 27703-1642
County assessor Recorded deeds · 9 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2313 Quincy, Durham, NC 27703-3153 $2,000,000 Oct 2024 3,888 SF
918 Fiske, Durham, NC 27703-1643 $640,000 Oct 2023 3,088 SF
702 Park, Durham, NC 27703-2157 $530,000 Jun 2023 3,000 SF
108 Guthrie, Durham, NC 27703-3152 $460,000 Aug 2022 3,176 SF
817 Park, Durham, NC 27703-2158 $680,000 Dec 2021 3,000 SF
916 Fiske, Durham, NC 27703-1600 $315,000 Apr 2021 3,156 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Includes: Price & PSF · Cap rate · Location · Zoning

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