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Property profile & analytics

501 Washington St Durham, NC 27701

  • Commercial land
  • 18,995 SF
  • 1.63 lot acres
Value Estimation
Last Sale
Mar 03, 2023
$12,800,000
Location Intelligence
Property ID
US53-0245849
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

  • Plum Southern Kitchen & Bar / Restaurant
  • Integral Resources / Non-Profit Organization
  • Re/Max: Steiner Jerry / Real Estate Agent
  • Zapolski Real Estate LLC / Real Estate Agency
  • Atomic Clock Brewing Company / Brewery

Property Details for 501 Washington St

Year built
2000
Lot size
1.63 lot acres
Property size
18,995 SF
Zone code
DD-S1
Property type
Commercial land
APN
235603
APU
235603

Description

The Shops at Wye Apartments offers exceptional retail and restaurant opportunities in the vibrant city of Durham, North Carolina. This two-building complex, completed in Q3 2024, boasts a total of 310,000 square feet, with six available commercial suites ranging from 1,745 to 4,325 contiguous square feet. Currently, 16,961 square feet of retail space is vacant and ready for immediate occupancy. Located at 501 Washington St, Durham, NC 27701, this ground-floor retail space is ideally situated within a six-story, multifamily development, providing high foot traffic and visibility. The complex features 383 parking spaces for convenient customer access. The building's modern design and prime location make it perfect for a variety of businesses, including cocktail bars, pubs, boutique fitness studios, restaurants, and urban markets. This is a unique opportunity to establish a presence in a thriving Durham community within a newly constructed building. The property is situated in Durham County and offers a total of six suites across two buildings, each six stories high. The minimum divisible space is 1,745 square feet, while the maximum contiguous space available is 4,325 square feet.

Value Estimation

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

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Durham
County
Durham
State
North Carolina
Longitude
-78.9039
Latitude
36.0027
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
$62,199
$1,566,038
$2,759,173
$4,325,211
-
$1,566,038
$2,759,173
$4,325,211
More about this property
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