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

    1401 Nc Hwy 54 Durham, NC 27707-5507

    • Specialty properties
    • 5,166 SF
    • 0.59 lot acres
    OFF-MARKET
    Last Sale
    May 06, 2022
    Value Estimations
    $530,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2245070
    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

    • Specialty properties

    Property Details for 1401 Nc Hwy 54

    Year built
    2011
    Lot size
    0.59 lot acres
    Property size
    5,166 SF
    Zone code
    OI
    Property type
    Specialty properties
    APN
    135840
    APU
    135840

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $480,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $581,000
      Market price range: $238k - $584k

    • Alternative Use

      Use
      Estimation
      VETERINARY, ANIMAL HOSPITAL
      $435,000
      Current use
      OFFICE BUILDING
      $815,000
      Change: +86% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $790,000
      Change: +80% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $640,000
      Change: +47% Conversion: Difficult
      RESTAURANT
      $525,000
      Change: +21% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $505,000
      Change: +16% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $415,000
      Change: -4% Conversion: Difficult
      RETAIL STORES
      $375,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.9627
    Latitude
    35.9181
    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
    $16,811
    $560,617
    $644,589
    $1,205,206
    -
    $560,617
    $644,589
    $1,205,206

    Comparable in this City

    • Value Estimation
      $645,000
      7,000 SF

      7015 Nc Hwy 751

      VETERINARY, ANIMAL HOSPITAL • 7,000 SF
      7015 Nc Hwy 751, Durham, NC 27707-5568
      View Details
    • Value Estimation
      $860,000
      11,387 SF

      2312 Alston Ave

      CHARITABLE ORGANIZATION • 11,387 SF
      2312 Alston Ave, Durham, NC 27707-4939
      View Details
    • Value Estimation
      $610,000
      9,126 SF

      2311 Alston Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 9,126 SF
      2311 Alston Ave, Durham, NC 27707-4940
      View Details
    • Value Estimation by Request
      5,485 SF

      206 Cornwallis Rd

      VETERINARY, ANIMAL HOSPITAL • 5,485 SF
      206 Cornwallis Rd, Durham, NC 27707-2906
      View Details
    • Value Estimation by Request
      720 SF

      2313 Alston Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 720 SF
      2313 Alston Ave, Durham, NC 27707-4940
      View Details
    • Value Estimation by Request
      1,508 SF

      3137 Fayetteville St

      FUNERAL HOME • 1,508 SF
      3137 Fayetteville St, Durham, NC 27707-4010
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Class A Property Near Amenities

      Distinctive property with best-in-class finishes and elevated amenities.
      3806 University Dr, Durham, NC 27707
      View Details
    • New
      $274,900
      1,110 SF

      Durham Commercial Property For Sale

      Commercial property in Durham, suitable for various business types.
      3033 University Dr, Durham, NC 27707
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    • $125,000
      0.14 Acres

      Vacant Lot in Morehead Hill

      Vacant lot in Durham's Morehead Hill Historic District.
      905 Morehead Ave, Durham, NC 27707
      View Details
    • $450,000
      0.85 Acres

      Rare Durham Land Parcel

      Desirable 0.85-acre parcel with unmatched privacy in Durham, NC.
      4515 Chicopee Trl, Durham, NC 27707
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    • $900,000
      5,178 SF

      Durham Duplex Conversion Opportunity

      Duplex near downtown Durham and Duke University, converting to townhomes.
      804 S Roxboro St, Durham, NC 27707
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    • $425,000

      Residential Lot in Forest Hills

      Building lot in desirable Forest Hills neighborhood near downtown Durham.
      1510 Hermitage Ct, Durham, NC 27707
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    Similar Nearby for Lease

    • Contact for pricing
      77,101 SF

      Durham Commercial Land Assemblage

      1.77 Acres, Prime Durham Location
      4138 Old Chapel Hill Rd, Durham, NC 27707
      View Details
    • $3,500 /Mo
      2,000 SF

      Office Condo in Durham's Office Park

      Office condominium with private entrance in a convenient location.
      6 Consultant Pl, Durham, NC 27707
      View Details
    • $26 SF/Yr
      160,942 SF

      Patterson Place Power Center

      Durham Retail Space Available Now
      3616 Witherspoon Blvd, Durham, NC 27707
      View Details
    • $32 SF/Yr
      25,678 SF

      Downtown Durham Office Space

      Iconic Snow Building: Executive Suites Available
      331 Main St, Durham, NC 27707
      View Details
    • Contact for pricing
      59,650 SF

      The Square North: Executive Suites

      Durham Office Space: Modern, walkable location.
      3708 Mayfair St, Durham, NC 27707
      View Details
    • Contact for pricing
      1 SF

      Prime Land Lease Opportunity

      Land for lease with high visibility and traffic counts.
      5314 Jean Ave, Durham, NC 27707
      View Details
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    1401 Nc Hwy 54
    Durham, NC 27707-5507
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    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
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