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    Property profile & analytics

    220 Lakewood Ave Durham, NC 27707

    • Grocery and convenience stores
    • 1,984 SF
    • 1.48 lot acres
    OFF-MARKET
    Value Estimation
    $480,000
    Location Intelligence
    Property ID
    US53-1066957
    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

    • Grocery and convenience stores

    Property Details for 220 Lakewood Ave

    Year built
    1988
    Lot size
    1.48 lot acres
    Property size
    1,984 SF
    Zone code
    DD-S2
    Property type
    Grocery and convenience stores
    APN
    119459
    APU
    119459

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.907
    Latitude
    35.9877
    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
    2024
    $10,632
    $523,814
    $238,415
    $762,229
    -
    $523,814
    $238,415
    $762,229

    Comparable in this City

    • Value Estimation
      $345,000
      2,016 SF

      1603 Nc Hwy 55

      CONVENIENCE STORE (W/FUEL PUMP) • 2,016 SF
      1603 Nc Hwy 55, Durham, NC 27707-4237
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    • Value Estimation by Request
      4,710 SF

      4159 Old Chapel Hl Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 4,710 SF
      4159 Old Chapel Hl Rd, Durham, NC 27707
      View Details
    • Value Estimation
      $355,000
      1,596 SF

      433 Pilot St

      CONVENIENCE STORE • 1,596 SF
      433 Pilot St, Durham, NC 27707-4154
      View Details
    • Value Estimation
      $415,000
      1,464 SF

      1925 Chapel Hl Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 1,464 SF
      1925 Chapel Hl Rd, Durham, NC 27707-1165
      View Details
    • Value Estimation
      $320,000
      1,344 SF

      2947 Chapel Hl Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 1,344 SF
      2947 Chapel Hl Rd, Durham, NC 27707-3701
      View Details
    • Value Estimation
      $270,000
      2,072 SF

      103 Cornwallis Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 2,072 SF
      103 Cornwallis Rd, Durham, NC 27707-2903
      View Details

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    Property Visit Statistics

    • Visits by month
      5.5k
    • Visitors by month
      5.1k
    • Avg Time on site
      8 min
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    220 Lakewood Ave
    Durham, NC 27707
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    Realmo Value Estimation

    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.

    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.

    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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