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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1311 Cook Rd Durham, NC 27713-2800

    • Commercial real estate
    • 2,188 SF
    • 8.58 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-5716448
    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

    • Vermillion Town Homes / Housing Complex
    • SignedandApproved Llc / Notary Public / Fingerprinting Service

    Property Details for 1311 Cook Rd

    Year built
    2018
    Lot size
    8.58 lot acres
    Property size
    2,188 SF
    Zone code
    PDR 8.000
    Property type
    Commercial real estate
    APN
    146709
    APU
    146709

    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
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.9222
    Latitude
    35.9437
    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
    2023
    $0.00
    $1.00
    $0.00
    $1.00
    -
    $1.00
    $0.00
    $1.00

    Comparable in this City

    • Value Estimation by Request
      54,376 SF

      2530 Meridian Pkwy 2 &

      Office space • 54,376 SF
      2530 Meridian Pkwy 2 &, Durham, NC 27713
      View Details
    • Value Estimation by Request
      2.28 Acres

      3430 Nc-55 Hwy

      Land • 2.28 Acres
      3430 Nc-55 Hwy, Durham, NC 27713
      View Details
    • Value Estimation by Request
      41.10 Acres

      9222 Nc 751 Hwy

      Multifamily properties • 300,000 SF
      9222 Nc 751 Hwy, Durham, NC 27713
      View Details
    • Value Estimation
      $9,655,000
      77,362 SF

      201 Residence Inn Blvd

      COMMERCIAL (GENERAL) • 77,362 SF
      201 Residence Inn Blvd, Durham, NC 27713-2292
      View Details
    • Value Estimation
      $15,505,000
      22.98 Acres

      201 Residence Inn Blvd

      COMMERCIAL (GENERAL) • 22.98 Acres
      201 Residence Inn Blvd, Durham, NC 27713-2292
      View Details
    • Value Estimation
      $850,000
      4,227 SF

      7836 Leonardo Dr

      COMMERCIAL (GENERAL) • 4,227 SF
      7836 Leonardo Dr, Durham, NC 27713-6457
      View Details

    Similar Nearby for Sale

    • $1,600,000
      1.70 Acres

      Durham Commercial Land Opportunity

      1.7-Acre Prime Commercial Site in Durham
      1004 Nc-54, Durham, NC 27713
      View Details
    • Contact for pricing
      3.79 Acres

      Durham Commercial Land - 3.79 Acres

      Prime Durham County commercial land, three parcels available.
      4402 Fayetteville Rd, Durham, NC 27713
      View Details
    • Contact for pricing
      41.10 Acres

      Durham Mixed-Use Development Opportunity

      41 Acres, 1340 Units, 300,000 SF
      9222 Nc 751 Hwy, Durham, NC 27713
      View Details
    • $575,000
      2.28 Acres

      Durham Commercial Land - $575K

      2.28 Acres Near RTP, High Visibility
      3430 Nc-55 Hwy, Durham, NC 27713
      View Details
    • Contact for pricing
      12.93 Acres

      Alston Oaks: Durham Development Land

      12.93 Acres, 170 Unit Potential
      4354 Alston Ave, Durham, NC 27713
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      7,824 SF

      Durham Industrial Flex Space

      7,824 SF Flex Warehouse For Lease
      4913 Alston Ave, Durham, NC 27713
      View Details
    • $21 SF/Yr
      54,376 SF

      Prime Durham Office Space

      Modern Executive Suites in RTP
      2530 Meridian Pkwy 2 &, Durham, NC 27713
      View Details
    • Contact for pricing
      3,420 SF

      Restaurant with Drive-Through Available

      3,420 SF restaurant space with drive-through in Durham, NC.
      4607 S Alston Ave, Durham, NC 27713
      View Details
    • $26 SF/Yr
      18,395 SF

      Office/Medical Building Near Southpoint Mall

      Single-story office/medical building near Southpoint Mall available for lease.
      5501 Fortunes Ridge Dr, Durham, NC 27713
      View Details
    • $2,250 /Mo
      1,890 SF

      Sprawling Townhome in Stellar Durham

      Light-filled townhome with high-end finishes, chef's kitchen, and private backyard.
      118 Brookview St, Durham, NC 27713
      View Details
    • $45,045
      2,145 SF

      Durham Office Space For Lease

      Flexible office unit with ample parking and recent upgrades.
      1906 A, Durham, NC 27713
      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.
    1311 Cook Rd
    Durham, NC 27713-2800
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.