Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    129 Durkee Ln Dallas, NC 28034-9793

    • Investment properties
    • 6,000 SF
    • 3.03 lot acres
    OFF-MARKET
    Last Sale
    Jun 19, 2020
    $300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2232206
    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

    • KanMan Waste Services / Waste Management Service
    • Concrete core drilling and sawing / Construction Company

    Property Details for 129 Durkee Ln

    Year built
    2000
    Lot size
    3.03 lot acres
    Property size
    6,000 SF
    Zone code
    GARG1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    170805
    APU
    170805

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.2184
    Latitude
    35.3177
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC 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
    $1,828
    $40,700
    $215,370
    $256,070
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,176 SF

      1007 Dallas Cherryville Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 1,176 SF
      1007 Dallas Cherryville Hwy, Dallas, NC 28034-8709
      View Details
    • Value Estimation by Request
      2,822 SF

      3308 Puetts Chapel Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,822 SF
      3308 Puetts Chapel Rd, Dallas, NC 28034-8724
      View Details
    • Value Estimation
      $865,000
      4,251 SF

      701 Lincoln St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,251 SF
      701 Lincoln St, Dallas, NC 28034-8514
      View Details
    • Value Estimation by Request
      1,260 SF

      1009 Lowr Dallas Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 1,260 SF
      1009 Lowr Dallas Hwy, Dallas, NC 28034-9469
      View Details
    • Value Estimation by Request
      1,606 SF

      3035 Cloninger Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,606 SF
      3035 Cloninger Rd, Dallas, NC 28034-8525
      View Details
    • Value Estimation by Request
      4,004 SF

      726 Dallas Bessemer City Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 4,004 SF
      726 Dallas Bessemer City Hwy, Dallas, NC 28034-9481
      View Details

    Similar Nearby for Sale

    • $779,900
      1.38 Acres

      Historic Mixed-Use Property in Dallas

      Prime location with commercial building and two rental homes.
      214 E Trade St, Dallas, NC 28034
      View Details
    • $149,900
      1.11 Acres

      Development Land in Dallas, NC

      Three parcels of land totaling 1.11 acres in Dallas, NC.
      Hoyle St, Dallas, NC 28034
      View Details
    • Contact for pricing

      Residential Lot in Summey Knolls

      Lot in cul-de-sac with recent survey and stakes.
      00 Summey Farm Dr, Dallas, NC 28034
      View Details
    • Contact for pricing

      1.46 Acre Retail Outparcel

      1.46 acre rough graded outparcel for retail development.
      1436 Lower Dallas Hwy, Dallas, NC 28034
      View Details
    • $689,500
      15.46 Acres

      Three Dallas Properties on 15+ Acres

      Three properties totaling 15.46 acres, suitable for development.
      651 Dallas Stanley Hwy, Dallas, NC 28034
      View Details
    • $399,900
      0.79 Acres

      Downtown Dallas Commercial Building

      Prime commercial building in historical downtown Dallas with ample parking.
      214 E Trade St, Dallas, NC 28034
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Pad Site For Lease

      Pad site for lease with high traffic and road exposure.
      702 N Walnut St, Dallas, NC 28034
      View Details
    • Contact for pricing

      Dallas, NC Commercial Land Opportunity

      2.24 Acres, Prime Commercial Location
      0 Walnut St, Dallas, NC 28034
      View Details
    • Contact for pricing

      Retail Pad Site Opportunity

      Retail pad site for lease in Dallas, North Carolina.
      Dallas, NC 28034
      View Details
    • $2,250 /Mo
      1,433 SF

      55+ Community Ranch-Style Rental Homes

      New 2-3 bedroom ranch-style rental homes in Dallas, NC.
      1302 Dallas Cherryville Hwy, Dallas, NC 28034
      View Details
    • Contact for pricing
      80,540 SF

      Windsor Center Retail Space For Lease

      Dallas, NC Strip Center - Multiple Spaces Available
      3130 Dallas High Shl Hwy, Dallas, NC 28034
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    129 Durkee Ln
    Dallas, NC 28034-9793
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.