Property profile

1612 Geer St Durham, NC 27704

OFF-MARKET
Industrial properties
Property ID
US53-1475565
6,900 SF 1.98 ac lot Built 1948
Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1948
Total area 6,900 SF
Lot 1.98 ac (86,249 SF)
Zoning code CG
APN 130216
UPID US53-1475565

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Renovation Specialist Hardware & Home Improvement
  • Renovation Specialist Hardware & Home Improvement

Location

1612 Geer St Durham, NC 27704-4720
Durham metro Census 1801 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2023
Last sale
$194,500
1 recorded transaction
2023
$350,000

Zoning & alternative use

CG · Durham, NC
Zoning description

The CG District is established to provide for a wide variety of commercial activities of varying scales that are designed to be served by major thoroughfares, and other similar high-volume rights-of-way. It is the intent…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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