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    Property profile & analytics

    2001 Miami Blvd Durham, NC 27703

    • Specialty properties
    • 8,500 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    $315,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1303481
    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 2001 Miami Blvd

    Year built
    1985
    Lot size
    0.23 lot acres
    Property size
    8,500 SF
    Zone code
    CN
    Property type
    Specialty properties
    APN
    164790
    APU
    164790

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.8379
    Latitude
    35.9421
    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
    $50,800
    $467,349
    $518,149
    -
    $50,800
    $467,349
    $518,149

    Comparable in this City

    • Value Estimation
      $270,000
      1,835 SF

      1309 Main St

      CHARITABLE ORGANIZATION • 1,835 SF
      1309 Main St, Durham, NC 27703-3205
      View Details
    • Value Estimation
      $2,085,000
      1,152 SF

      5500 Running Fox Ln

      VETERINARY, ANIMAL HOSPITAL • 1,152 SF
      5500 Running Fox Ln, Durham, NC 27703-8539
      View Details
    • Value Estimation
      $320,000
      3,688 SF

      1313 Coley Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 3,688 SF
      1313 Coley Rd, Durham, NC 27703-8779
      View Details
    • Value Estimation
      $275,000
      1.87 Acres

      1211 Coley Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1.87 Acres
      1211 Coley Rd, Durham, NC 27703-8777
      View Details
    • Value Estimation
      $255,000
      1,431 SF

      1306 Main St

      CHARITABLE ORGANIZATION • 1,431 SF
      1306 Main St, Durham, NC 27703-3206
      View Details
    • Value Estimation
      $255,000
      4,672 SF

      4902 Chin Page Rd

      CHARITABLE ORGANIZATION • 4,672 SF
      4902 Chin Page Rd, Durham, NC 27703-8400
      View Details

    Similar Nearby for Sale

    • $378,900

      Durham Commercial Land Opportunity

      1.8-Acre Corner Lot, High Growth Area
      2506 Coley Rd, Durham, NC 27703
      View Details
    • Contact for pricing
      2.85 Acres

      Durham Industrial Land - 2.85 Acres

      Prime Durham location, ideal for industrial development.
      1816 Briggs Ave, Durham, NC 27703
      View Details
    • Contact for pricing
      3.48 Acres

      Durham Development Site: Prime Location

      3.48-acre mixed-use development opportunity.
      0 Davis Park, Durham, NC 27703
      View Details
    • $1,950,000
      Pending

      62+ Acres Prime Durham Land

      Large tract of land perfect for development or private retreat.
      Southview Rd, Durham, NC 27703
      View Details
    • $2,755,000
      Pending

      Prime Commercial Site in Durham

      Highly visible commercial land near Brier Creek and Research Triangle Park.
      2214 T W Alexander Dr, Durham, NC 27703
      View Details
    • $89,000
      0.18 Acres

      Durham Land Development Opportunity

      Land for development in rapidly growing Durham, North Carolina.
      209 Fountain St, Durham, NC 27703
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      272,937 SF

      Durham Warehouse: 273,000 SF Available

      Large industrial warehouse, multiple suites, immediate occupancy.
      3508 Tricenter Blvd, Durham, NC 27703
      View Details
    • $1,500 /Mo
      1,501 SF

      Durham Townhome with Back Deck

      Well-maintained townhome in South Durham with modern updates and convenient location.
      11 Edgebrook Cir, Durham, NC 27703
      View Details
    • Contact for pricing
      12,000 SF

      Durham County Warehouse - 12,000 SF

      Spacious warehouse, 5.5 acres, immediate occupancy.
      2714 Angier Ave, Durham, NC 27703
      View Details
    • $29 SF/Yr
      81,145 SF

      Prime Durham Executive Office Space

      Modern Durham office suites, 18K-27K SF available
      4307 Emperor Blvd, Durham, NC 27703
      View Details
    • $13 SF/Yr
      35,000 SF

      Durham Flex Space Available

      35,000 SF flex space for rent in Durham.
      4808 Chin Page Rd, Durham, NC 27703
      View Details
    • $29 SF/Yr
      111,689 SF

      Winchester Place Office Space Durham NC

      Durham Office Building: Prime Research Triangle Location
      4309 Emperor Blvd, Durham, NC 27703
      View Details
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    2001 Miami Blvd
    Durham, NC 27703
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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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