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Property profile & analytics
OFF-MARKET
Parking lots & garages
1801 Erwin Rd Durham, NC 27705
Individually Owned
Absentee Owner
Free & Clear
Property ID
US53-1150838
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
0.13 ac (5,663 SF)
Zoning code
UC(D)
APN
108810
UPID
US53-1150838
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
DUKE UNIVERSITY
DUKE UNIVERSITY
Zoning & alternative use
UC(D) · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The UC Districts are established to allow for growth anddevelopmentof colleges and universities, while protecting the larger community, nearby neighborhoods, and the environment from impacts accompanying major newdevelopment. Developmentin the UC Districts shall be designed for a mix of integrated university-related, uses, linked by pedestrian ways, bikeways…
Zone name
University And College
General category
CIVIC_INSTITUTIONAL
Zone area
1,185.59 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Durham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Durham submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$42,041
Assessed 2023
Previous assessed
$42,041
+0.0% YoY
Assessed land
$39,029
Assessed improvement
$3,012
Land market value
$39,029
Improvement market value
$3,012
Total market value
$42,041
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Lot
0.13 ac (5,663 SF)
Zoning code
UC(D)
APN
108810
UPID
US53-1150838
Jurisdiction
DURHAM
Zoning & alternative use
UC(D) · Durham, NCZoning UC(D) · permitted uses
UC(D) · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The UC Districts are established to allow for growth anddevelopmentof colleges and universities, while protecting the larger community, nearby neighborhoods, and the environment from impacts accompanying major newdevelopment. Developmentin the UC Districts shall be designed for a mix of integrated university-related, uses, linked by pedestrian ways, bikeways, and other transportation systems.Developmentin these districts shall also encourage reduced auto use, mitigate environmental impacts, conserve energy resources and achieve visual continuity in the siting and scale of buildings.
Zone name
University And College
General category
CIVIC_INSTITUTIONAL
Zone area
1,185.59 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.13 ac
Current owner
From public records · entity-resolved
DUKE UNIVERSITY
Individual
Free & Clear · 0 yrs held
Mailing address
324 W BLACKWELL ST STE #850, DURHAM, NC 27701-3659
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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