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    Property profile & analytics

    1000 Park 40th Plz Durham, NC 27713-5249

    • Office buildings
    • 198,712 SF
    • 5.29 lot acres
    OFF-MARKET
    Value Estimation
    $13,580,000
    Last Sale
    Mar 04, 2022
    $14,374,000
    Location Intelligence
    Property ID
    US53-5674315
    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

    • Quantum Corporation / Software Company
    • IT America, Inc / Software Company
    • Park Forty LP / Shopping Mall
    • Emu Software / Software Company
    • CRS Robotics Inc / Software Company

    Property Details for 1000 Park 40th Plz

    Year built
    1986
    Lot size
    5.29 lot acres
    Property size
    198,712 SF
    Zone code
    OI
    Property type
    Office buildings
    APN
    154190
    APU
    154190

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $13,155,000

    • CAP approach

      CAP return
      Estimation
      6%
      $14,835,000
      6.5%
      $15,450,000
      7%
      $15,055,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $15,605,000
      Geo Method
      $14,100,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $13,860,000
      Retail
      $13,390,000
      Mixed-Use
      $12,250,000
      Hospitality
      $12,255,000
      Educational
      $14,700,000
      Residential Income
      $15,940,000
      Energy
      $13,240,000
      Income-Based Land
      $16,470,000
      Food Service
      $16,280,000

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.8935
    Latitude
    35.9055
    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
    $300,806
    $1,442,312
    $20,122,414
    $21,564,726
    -
    $1,442,312
    $20,122,414
    $21,564,726

    Comparable in this City

    • Value Estimation by Request
      17,188 SF

      5175 Highgate Dr

      OFFICE BUILDING • 17,188 SF
      5175 Highgate Dr, Durham, NC 27713-9397
      View Details
    • Value Estimation by Request
      126,699 SF

      5213 Alston Ave

      OFFICE BUILDING • 126,699 SF
      5213 Alston Ave, Durham, NC 27713-4430
      View Details
    • Value Estimation by Request
      91,750 SF

      2810 Meridian Pkwy

      OFFICE BUILDING • 91,750 SF
      2810 Meridian Pkwy, Durham, NC 27713-5241
      View Details
    • Value Estimation
      $625,000
      2,049 SF

      4202 Alston Ave

      OFFICE BUILDING • 2,049 SF
      4202 Alston Ave, Durham, NC 27713-2218
      View Details
    • Value Estimation
      $5,335,000
      31,558 SF

      4319 Alston Ave

      OFFICE BUILDING • 31,558 SF
      4319 Alston Ave, Durham, NC 27713-2487
      View Details
    • Value Estimation
      $840,000
      5,684 SF

      6200 Fayetteville Rd

      PROFESSIONAL BUILDING • 5,684 SF
      6200 Fayetteville Rd, Durham, NC 27713-8550
      View Details

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    Similar Nearby for Lease

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    • $4,500 /Mo
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      Flex space with accessibility to the Greater Triangle Area.
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      Prime Durham medical office space available.
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    Durham, NC 27713-5249
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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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