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

    1816 Briggs Ave Durham, NC 27703

    • Industrial land
    • 2.85 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2992521
    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

    • Two Men and a Junk Truck / Trucking Company / Moving Company
    • Two Men and a Truck Moving and Storage / Moving Company

    Property Details for 1816 Briggs Ave

    Lot size
    2.85 lot acres
    Zone code
    IL
    Property type
    Industrial land
    APN
    208942
    APU
    208942

    Description

    This exceptional 2.85-acre commercial and industrial land parcel presents a unique opportunity for development in Durham, North Carolina. Located at 1816 S Briggs Ave, this property boasts convenient access to major transportation arteries, including NC 147, I-885, and US 70, placing it within minutes of I-85, I-40, and Downtown Durham. The site offers excellent visibility and frontage on Briggs Avenue. The property is zoned Industrial Light (IL), making it suitable for a variety of industrial uses, including light manufacturing, warehousing, and outdoor storage. With water and sewer readily available, this site is ready for immediate development. The parcel number is 0749398409. Its proximity to Raleigh-Durham International Airport (RDU) – a 17-minute drive – further enhances its appeal. This is a rare opportunity to acquire a strategically located industrial development site in a thriving area of Durham. The asking price is available upon request. Serious inquiries only.

    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
    -78.8809
    Latitude
    35.9585
    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
    $1,412
    $101,236
    $0.00
    $101,236
    -
    $101,236
    $0.00
    $101,236

    Comparable in this City

    • Value Estimation by Request
      0.83 Acres

      131 Dural Rd

      INDUSTRIAL - VACANT LAND • 0.83 Acres
      131 Dural Rd, Durham, NC 27703
      View Details
    • Value Estimation by Request
      0.35 Acres

      2019 Brks Rd

      INDUSTRIAL - VACANT LAND • 0.35 Acres
      2019 Brks Rd, Durham, NC 27703-6002
      View Details
    • Value Estimation by Request
      0.41 Acres

      3630 Rigsbee Rd

      INDUSTRIAL - VACANT LAND • 0.41 Acres
      3630 Rigsbee Rd, Durham, NC 27703
      View Details
    • Value Estimation by Request
      0.45 Acres

      3666 Rigsbee Rd

      INDUSTRIAL - VACANT LAND • 0.45 Acres
      3666 Rigsbee Rd, Durham, NC 27703
      View Details
    • Value Estimation by Request
      0.06 Acres

      Salem St

      INDUSTRIAL - VACANT LAND • 0.06 Acres
      Salem St, Durham, NC 27703
      View Details
    • Value Estimation
      $515,000
      11.57 Acres

      2352 So Hi Dr

      INDUSTRIAL - VACANT LAND • 11.57 Acres
      2352 So Hi Dr, Durham, NC 27703-6149
      View Details

    Similar Nearby for Sale

    • $875,000
      Pending

      4.5 Acre Light Industrial Land

      Unimproved land ideal for light industrial development with excellent access.
      825 Ellis Rd, Durham, NC 27703
      View Details
    • $799,900

      Multi-Purpose Building on 2.24 Acres

      Well-maintained multi-purpose building on 2.24 acres with lease in place.
      315 Southerland St, Durham, NC 27703
      View Details
    • $125,000
      0.10 Acres

      East Durham Development Opportunity

      Residential lot zoned for multifamily development in Durham, NC.
      610 Raynor St, Durham, NC 27703
      View Details
    • $1,375,000

      Commercial Land Near Imperial Center

      Prime commercial land for development near Imperial Center Business Park.
      5422 Page Road Ext, Durham, NC 27703
      View Details
    • $225,000
      0.58 Acres

      Cleared Land in Prime Location

      Cleared 0.58 acre lot near RDU, RTP, and Durham.
      3857 Angier Ave, Durham, NC 27703
      View Details
    • New
      $108,000
      0.24 Acres

      Durham Land Ready to Build

      Land with water and sewer connections near downtown Durham.
      1107 High Fox Dr, Durham, NC 27703
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Outparcel in Durham

      1.09 acre outparcel with high traffic exposure.
      2405 Holloway St, Durham, NC 27703
      View Details
    • $24 SF/Yr
      97,074 SF

      Durham Executive Office Space

      97,074 SF Office Building, 25,280 SF Available
      4825 Creekstone Dr, Durham, NC 27703
      View Details
    • $24 SF/Yr
      13,802 SF

      Durham Retail Space: 13,802 SF

      Sublease opportunity: Prime Research Triangle location.
      4025 Stirrup Creek Dr, Durham, NC 27703
      View Details
    • Contact for pricing
      32,000 SF

      Durham Warehouse Space Available

      32,000 sq ft warehouse space for lease in Durham.
      2456 South Miami Blvd, Durham, NC 27703
      View Details
    • $25 SF/Yr
      6,600 SF

      Durham Retail Space: Prime Location

      6,600 SF Retail; Two Suites Available
      2100 Miami Blvd, Durham, NC 27703
      View Details
    • Contact for pricing

      Retail Space in Research Triangle

      Retail space available in Research Triangle Park.
      5431 Page Rd, Durham, NC 27703
      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.
    1816 Briggs Ave
    Durham, NC 27703
    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.