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Property profile & analytics

112 Main St Durham, NC 27701

  • Commercial real estate
  • 2,280 SF
  • 0.03 lot acres
Value Estimation
Last Sale
Apr 03, 2023
$677,500
Location Intelligence
Property ID
US53-1863307
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

  • Morningstar Law Group / Law Firm
  • B-Smokestack Vapes / Vaporizer Store
  • Johnson Allied Health Services / Home Health Care Service
  • Golder's Bailbonds / Bail Bonds Service
  • Luna Rotisserie and Empanadas / South American Restaurant

Property Details for 112 Main St

Year built
1920
Lot size
0.03 lot acres
Property size
2,280 SF
Zone code
DD-C
Property type
Commercial real estate
APN
102845
APU
102845

Description

This exceptional mixed-use property, located at 112 W Main St in Durham, NC, presents a unique investment opportunity. The 9,256 square foot building, constructed in 1925, sits on a 0.11-acre lot and is zoned DD-C. Currently featuring three units, the property boasts a high-profile location in the heart of Durham's vibrant downtown core, within the Bullpen Social District. The ground floor is anchored by established and successful businesses: Luna Restaurant on Main Street and Durham Vintage Collective on Parrish Street (Black Wall Street). The second floor is currently vacant, offering significant potential for redevelopment as retail, office, or residential space, ideal for an owner-occupant or investor seeking to maximize returns. Its prime location offers easy walkability to the American Tobacco Campus and Durham Performing Arts Center, surrounded by numerous shops, bars, restaurants, and residential developments. The asking price is $3,200,000. This property offers a blend of established income and significant upside potential in a thriving urban environment. The building is in excellent condition. This "First and Main" location provides frontage on both Main Street and Black Wall Street (Parrish Street), maximizing visibility and accessibility.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $845,000
  • CAP approach

    CAP return
    Estimation
    6%
    $660,000
    6.5%
    $770,000
    7%
    $690,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $690,000
    Geo Method
    $630,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $710,000
    Retail
    $605,000
    Mixed-Use
    $770,000
    Hospitality
    $610,000
    Educational
    $780,000
    Residential Income
    $725,000
    Energy
    $760,000
    Income-Based Land
    $750,000
    Food Service
    $585,000

Location Insight

  • Map
  • Local Demand
City
Durham
County
Durham
State
North Carolina
Longitude
-78.9003
Latitude
35.9946
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
$6,429
$78,408
$360,457
$438,865
-
$78,408
$360,457
$438,865
More about this property
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