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    Property profile & analytics

    1813 Chapel Hill Rd Durham, NC 27707

    • Office buildings
    • 3,103 SF
    • 0.32 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimation
    $210,000
    Last Sale
    Jul 28, 2021
    $208,500
    Location Intelligence
    Property ID
    US53-2185930
    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

    • RVE, Inc. / Engineering Consultant
    • Sud Associates / Mechanical Engineer

    Property Details for 1813 Chapel Hill Rd

    Year built
    1968
    Lot size
    0.32 lot acres
    Property size
    3,103 SF
    Zone code
    OI
    Property type
    Office buildings
    APN
    108438
    APU
    108438

    Description

    This exceptional 3,100 square foot single-tenant office space is ideally situated in Durham's desirable Lakewood neighborhood. The property boasts a well-maintained brick building offering ample natural light and cheerful window views. The layout includes private offices, a dedicated conference room, and a convenient kitchen area, catering to a variety of business needs. The building sits on a corner lot, providing excellent visibility and accessibility. A spacious parking lot with capacity for approximately 20 vehicles ensures convenient parking for employees and clients. A prominent pole sign enhances visibility for increased brand awareness. Multiple entrances to the parking lot further improve accessibility. Located within walking distance of the Lakewood Shopping Center, this property offers the convenience of "in-town" living without the hustle and bustle of the downtown core. Easy access to major highways provides seamless commutes. The monthly rent is $4,800, plus utilities. This is a fantastic opportunity for a business seeking a well-appointed, conveniently located office space in a thriving Durham community. The building is a single-story structure.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $225,000

    • CAP approach

      CAP return
      Estimation
      6%
      $180,000
      6.5%
      $175,000
      7%
      $165,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $155,000
      Geo Method
      $155,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $165,000
      Retail
      $190,000
      Mixed-Use
      $185,000
      Hospitality
      $200,000
      Educational
      $170,000
      Residential Income
      $195,000
      Energy
      $190,000
      Income-Based Land
      $200,000
      Food Service
      $170,000

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.924
    Latitude
    35.9896
    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
    2024
    $5,810
    $98,935
    $317,603
    $416,538
    -
    $98,935
    $317,603
    $416,538

    Comparable in this City

    • Value Estimation by Request
      38.35 Acres

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      OFFICE BUILDING • 38.35 Acres
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    • Value Estimation by Request
      10,948 SF

      3607 Witherspoon Blvd

      OFFICE BUILDING • 10,948 SF
      3607 Witherspoon Blvd, Durham, NC 27707-6853
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    • Value Estimation by Request
      24,105 SF

      3325 Durham Chapel Hl Blvd

      OFFICE BUILDING • 24,105 SF
      3325 Durham Chapel Hl Blvd, Durham, NC 27707-6235
      View Details
    • Value Estimation by Request
      10,568 SF

      1905 Chapel Hl Rd

      OFFICE BUILDING • 10,568 SF
      1905 Chapel Hl Rd, Durham, NC 27707-1107
      View Details
    • Value Estimation
      $425,000
      2,922 SF

      2011 Chapel Hl Rd

      OFFICE BUILDING • 2,922 SF
      2011 Chapel Hl Rd, Durham, NC 27707-1109
      View Details
    • Value Estimation
      $7,205,000
      15,000 SF

      3004 Tower Blvd

      OFFICE BUILDING • 15,000 SF
      3004 Tower Blvd, Durham, NC 27707-2542
      View Details

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    Durham, NC 27707
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    Realmo Value Estimation

    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.

    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.

    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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