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    1020 South Miami Blvd, Unit Durham NC USA Durham, NC 27703
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    Property profile & analytics

    1020 South Miami Blvd, Unit Durham NC USA, Durham, NC 27703

    View on Map
    • Super regional malls
    • 34,740 SF
    • 7.81 lot acres
    For Sale
    $5,500,000
    View Listing →
    Versatile Income-Producing Asset in Durham For Sale
    $5,500,000
    34,433 SF

    Versatile Income-Producing Asset in Durham

    Multi-tenant building in a growing submarket with redevelopment potential.

    1020 South Miami Blvd, Durham, NC, USA, Durham, NC 27703
    View Listing
    Property ID
    US53-2711232
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • A'mare Beauty Bar / Cosmetic Store
    • S miami Tobacco &vape shop / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice
    • South miami TOBACCO & VAPE SHOP / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice
    • Little People Day Care / Daycare Center
    • Randy's Five Star Academy / Daycare Center

    Property Details for 1020 South Miami Blvd

    Year built
    1990
    Lot size
    7.81 lot acres
    Zone code
    CC
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    232306
    APU
    232306

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $950,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $509,000
      Market price range: $320k - $1.02M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $565,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.8474
    Latitude
    35.9635
    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
    $33,410
    $1,172,050
    $2,072,583
    $3,244,633
    -
    $1,172,050
    $2,072,583
    $3,244,633

    Comparable in this City

    • Value Estimation
      $835,000
      1.16 Acres

      Durham, NC 27703

      REGIONAL SHOPPING CENTER, MALL
      Durham, NC 27703
      View Details
    • Value Estimation
      $880,000
      59,825 SF

      3739 Wake Frst Rd

      REGIONAL SHOPPING CENTER, MALL
      3739 Wake Frst Rd, Durham, NC 27703-3634
      View Details
    • Value Estimation
      $11,950,000
      61,242 SF

      121 Sherron Rd

      REGIONAL SHOPPING CENTER, MALL
      121 Sherron Rd, Durham, NC 27703-9515
      View Details
    • Value Estimation by Request
      1.02 Acres

      Durham, NC 27703

      REGIONAL SHOPPING CENTER, MALL
      Durham, NC 27703
      View Details
    • Value Estimation
      $1,020,000
      111,073 SF

      1100 Miami Blvd

      REGIONAL SHOPPING CENTER, MALL
      1100 Miami Blvd, Durham, NC 27703-2478
      View Details
    • Value Estimation by Request
      32,749 SF

      2945 Miami Blvd

      REGIONAL SHOPPING CENTER, MALL
      2945 Miami Blvd, Durham, NC 27703-8024
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      46,747 SF

      Retail Buildings Assemblage For Sale

      Five-parcel assemblage with three retail buildings totaling ±46,747 SF.
      1839-1843 N Miami Blvd, Durham, NC 27703
      View Details
    • Contact for pricing
      34,433 SF

      Versatile Income-Producing Asset in Durham

      Multi-tenant building in a growing submarket with redevelopment potential.
      1020 South Miami Blvd, Durham, NC 27703
      View Details
    • $1,000,000
      4,000 SF

      Established Durham Mechanical Shop For Sale

      Income-producing mechanical shop with five service bays and ample parking.
      2410 Angier Ave, Durham, NC 27703
      View Details
    • Contact for pricing

      Commercial Property on Angier Avenue

      Commercial property for sale with existing rental income.
      2012 Angier Ave, Durham, NC 27703
      View Details
    • Contact for pricing
      4,000 SF

      Established Durham Mechanical Shop For Sale

      Income-producing mechanical shop with five service bays and ample parking.
      2410 Angier Ave, Durham, NC 27703
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Research Triangle

      Retail space available in Research Triangle Park.
      5431 Page Rd, Durham, NC 27703
      View Details
    • Contact for pricing

      Retail Space in Village Plaza

      Large retail space in high-traffic Durham location, abundant parking.
      907 N Miami Blvd, Durham, NC 27703
      View Details
    • Contact for pricing

      Renovated Retail/Office Building For Rent

      Newly renovated retail/office building with excellent visibility on Highway 98.
      3036 Holloway St, Durham, NC 27703
      View Details
    • Contact for pricing

      2100 S Miami Blvd, Durham, NC 27703

      Retail space
      2100 S Miami Blvd, Durham, NC 27703
      View Details
    • Contact for pricing

      Built-Out Lab Sublease Opportunity

      Retail space available for rent in Durham, North Carolina.
      4025 Stirrup Creek Dr, Durham, NC 27703
      View Details
    • Contact for pricing

      Class-A Office with Prime Amenities

      Landmark 11-story office building with unparalleled signage and amenities.
      4820 Emperor Blvd, Durham, NC 27703
      View Details
    View Listing
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    Durham, NC 27703
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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