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    Property profile & analytics

    121 Sherron Rd Durham, NC 27703-9515

    • Super regional malls
    • 61,242 SF
    • 8.59 lot acres
    OFF-MARKET
    Value Estimation
    $12,505,000
    Last Sale
    Oct 14, 2021
    $11,700,000
    Location Intelligence
    Property ID
    US53-0972359
    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

    • Ravenstone Business Center / Business Center
    • Open Wide Family Dentistry / Dentist
    • Coinstar Kiosk | Bitcoin ATM / Atm / Currency Exchange Service
    • CoinFlip Bitcoin ATM / Atm / Currency Exchange Service
    • JMA Taekwondo / Martial Arts School

    Property Details for 121 Sherron Rd

    Year built
    2003
    Lot size
    8.59 lot acres
    Property size
    61,242 SF
    Zone code
    CC(D)
    Property type
    Super regional malls
    APN
    197972
    APU
    197972

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $12,575,000

    • CAP approach

      CAP return
      Estimation
      6%
      $12,565,000
      6.5%
      $11,340,000
      7%
      $11,265,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $13,310,000
      Geo Method
      $11,005,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $11,540,000
      Retail
      $14,395,000
      Mixed-Use
      $12,175,000
      Hospitality
      $12,835,000
      Educational
      $11,120,000
      Residential Income
      $12,575,000
      Energy
      $13,175,000
      Income-Based Land
      $11,965,000
      Food Service
      $12,420,000

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.7929
    Latitude
    35.9746
    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
    $132,660
    $1,437,900
    $8,072,447
    $9,510,347
    -
    $1,437,900
    $8,072,447
    $9,510,347

    Comparable in this City

    • Value Estimation
      $845,000
      1.16 Acres

      Durham, NC 27703

      REGIONAL SHOPPING CENTER, MALL • 1.16 Acres
      Durham, NC 27703
      View Details
    • Value Estimation by Request
      111,073 SF

      1100 Miami Blvd

      REGIONAL SHOPPING CENTER, MALL • 111,073 SF
      1100 Miami Blvd, Durham, NC 27703-2478
      View Details
    • Value Estimation by Request
      32,749 SF

      2945 Miami Blvd

      REGIONAL SHOPPING CENTER, MALL • 32,749 SF
      2945 Miami Blvd, Durham, NC 27703-8024
      View Details
    • Value Estimation by Request
      15,324 SF

      3805 Wake Frst Rd

      REGIONAL SHOPPING CENTER, MALL • 15,324 SF
      3805 Wake Frst Rd, Durham, NC 27703
      View Details
    • Value Estimation by Request
      59,825 SF

      3739 Wake Frst Rd

      REGIONAL SHOPPING CENTER, MALL • 59,825 SF
      3739 Wake Frst Rd, Durham, NC 27703-3634
      View Details
    • Value Estimation by Request
      44,655 SF

      2937 Miami Blvd

      REGIONAL SHOPPING CENTER, MALL • 44,655 SF
      2937 Miami Blvd, Durham, NC 27703
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      46,747 SF

      Durham Retail Center with Vacancy

      Retail center in Durham with big-box vacancy and established tenants.
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      View Details
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      Two buildings and a fenced parking lot for sale.
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    • $780,000
      0.10 Acres

      Durham Retail Investment Opportunity

      High-yield retail property, strong rental income.
      2012 Angier Ave, Durham, NC 27703
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      2.85 Acres

      Durham Industrial Land - 2.85 Acres

      Prime Durham location, ideal for industrial development.
      1816 Briggs Ave, Durham, NC 27703
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      3.48 Acres

      Durham Development Site: Prime Location

      3.48-acre mixed-use development opportunity.
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    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
      3,952 SF

      Imperial Corners Retail Center

      High-Visibility Retail Space Available
      4311 Miami Blvd, Durham, NC 27703
      View Details
    • Contact for pricing
      215,453 SF

      The Village Shopping Center

      Durham Retail Center - High Traffic Location
      1000 Miami Blvd, Durham, NC 27703
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    • Contact for pricing
      194,895 SF

      Durham Topgolf Retail Center

      High-visibility retail space near I-40/540.
      4901 Page Rd, Durham, NC 27703
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    • Contact for pricing
      32,747 SF

      Village Plaza Retail Space for Lease

      Large Durham storefront, abundant parking.
      907 Miami Blvd, Durham, NC 27703
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    • $10 SF/Yr
      8,415 SF

      2927 Holloway St

      Retail properties • 8,415 SF
      2927 Holloway St, Durham, NC 27703
      View Details

    Property Visit Statistics

    • Visits by month
      59.4k
    • Visitors by month
      26.2k
    • Avg Time on site
      21 min
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    121 Sherron Rd
    Durham, NC 27703-9515
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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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