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    Property profile & analytics

    1202 Wrenn Rd Durham, NC 27703-5513

    • Warehouses
    • 1,884 SF
    • 8.16 lot acres
    OFF-MARKET
    Value Estimation
    $690,000
    Last Sale
    Jan 04, 2024
    $675,000
    Location Intelligence
    Property ID
    US53-2478540
    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

    • Warehouses

    Property Details for 1202 Wrenn Rd

    Year built
    1900
    Lot size
    8.16 lot acres
    Property size
    1,884 SF
    Zone code
    IL
    Property type
    Warehouses
    APN
    163403
    APU
    163403

    Description

    This exceptional 7-acre industrial land parcel in Durham County, NC, presents a unique investment opportunity. Designated by APN 0749398409 and zoned IL, this single-tenant property is perfectly suited for various industrial uses. Its versatility makes it ideal for outdoor storage, off-site parking, or a laydown yard. The expansive lot size offers ample space for large-scale operations. Strategically located near major transportation arteries, including US-70, I-85, and I-40, as well as the proximity to I-885, ensures seamless logistics and accessibility. Businesses will benefit from the convenient access to Research Triangle Park, RDU Airport, and Downtown Durham, fostering strong connections to a thriving regional economy. This property offers significant potential for businesses seeking a well-positioned and spacious industrial site in a rapidly growing area. The zoning designation allows for a wide range of industrial applications, making it an attractive option for various enterprises. The property's size and location combine to create a compelling opportunity for long-term growth and profitability. This is a rare chance to acquire a substantial industrial land parcel in a highly desirable location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $675,000

    • CAP approach

      CAP return
      Estimation
      6%
      $685,000
      6.5%
      $760,000
      7%
      $640,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $750,000
      Geo Method
      $685,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $865,000
      Retail
      $840,000
      Mixed-Use
      $670,000
      Hospitality
      $725,000
      Educational
      $700,000
      Residential Income
      $645,000
      Energy
      $735,000
      Income-Based Land
      $715,000
      Food Service
      $840,000

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.852
    Latitude
    35.9466
    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
    $2,734
    $180,230
    $70,044
    $250,274
    -
    $180,230
    $70,044
    $250,274

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    1202 Wrenn Rd
    Durham, NC 27703-5513
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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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