Property profile

1103 Clb Blvd Durham, NC 27701

OFF-MARKET
Parking lots & garages
Property ID
US53-5804113
3,238 SF 0.4 ac lot Built 1949
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional ±0.4-acre commercial land parcel presents a unique investment opportunity in Durham County. Strategically located on West Club Boulevard, this property boasts exceptional visibility due to its high-traffic location. The site is ideally positioned directly across from the newly redeveloped Northgate Mall, ensuring significant foot and vehicle traffic. This prime location offers unparalleled access to a thriving consumer base. The property's zoning is designated CN, providing flexibility for a variety of commercial uses. The lot size is precisely 0.4 acres, with frontage on West Club Boulevard. The total buildable square footage potential is substantial, allowing for a large-scale development. With its proximity to Downtown Durham and Interstate 85, this property offers unparalleled convenience and accessibility. The property's Assessed Parcel Number (APN) is 0822645916. This is a single-tenant property, providing a clear and straightforward ownership structure. This exceptional location and zoning make this a rare opportunity for commercial development in a rapidly growing area. Don't miss the chance to secure this prime commercial land parcel. Contact us today to learn more about this exceptional opportunity.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1949
Total area 3,238 SF
Lot 0.4 ac (17,424 SF)
Zoning code CN
APN 102361
UPID US53-5804113

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1103 Clb Blvd Durham, NC 27701-1160
Durham metro Census 302 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$470k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

since 2023
Last sale
$360,000
4 recorded transactions
2023
$360,000
2019
$260,000
2006
$365,000
2005
$436,000

Zoning & alternative use

CN · Durham, NC
Zoning description

The CN District is established to provide for modest-scale commercial centers (as defined in Article 6) in close proximity to residential areas that offer limited commercial uses to satisfy the needs of the surrounding n…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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