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    Property profile & analytics

    2616 Erwin Rd Durham, NC 27705-3843

    • High-rise multifamily apartments
    • 441,868 SF
    • 6.11 lot acres
    OFF-MARKET
    Value Estimation
    $285,000
    Last Sale
    Mar 12, 2024
    $330,000
    Location Intelligence
    Property ID
    US53-0041023
    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

    • Dr. Tzu-Hao Lee, MD / Gastroenterologist / Internist
    • Sentinel Real Estate Corporation / Property Management Company / Apartment Building
    • Lofts at Lakeview Apartments / Apartment Building / Apartment Complex
    • Event Parking Group & ProValet Parking / Valet Parking Service
    • Salsa Timoteo / Store

    Property Details for 2616 Erwin Rd

    Year built
    2005
    Lot size
    6.11 lot acres
    Property size
    441,868 SF
    Zone code
    MU(D)
    Property type
    High-rise multifamily apartments
    APN
    196351
    APU
    196351

    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
    -78.9463
    Latitude
    36.0094
    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
    $860,432
    $5,280,000
    $56,404,123
    $61,684,123
    -
    $5,280,000
    $56,404,123
    $61,684,123

    Comparable in this City

    • Value Estimation by Request
      12,440 SF

      3130 Hillandale Rd

      HIGH-RISE APARTMENTS • 12,440 SF
      3130 Hillandale Rd, Durham, NC 27705-2273
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      3.20 Acres

      730 Rutherford St

      HIGH-RISE APARTMENTS • 3.20 Acres
      730 Rutherford St, Durham, NC 27705-4650
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    • Value Estimation by Request
      153,300 SF

      2610 Erwin Rd

      HIGH-RISE APARTMENTS • 153,300 SF
      2610 Erwin Rd, Durham, NC 27705-3853
      View Details
    • Value Estimation by Request
      24,741 SF

      2211 Hillsborough Rd

      HIGH-RISE APARTMENTS • 24,741 SF
      2211 Hillsborough Rd, Durham, NC 27705-4154
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    • Value Estimation by Request
      63,464 SF

      2701 Pickett Rd

      HIGH-RISE APARTMENTS • 63,464 SF
      2701 Pickett Rd, Durham, NC 27705-5610
      View Details
    • Value Estimation
      $3,570,000
      1.19 Acres

      2900 Erwin Rd

      HIGH-RISE APARTMENTS • 1.19 Acres
      2900 Erwin Rd, Durham, NC 27705-4503
      View Details

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    Property Visit Statistics

    • Visits by month
      1.8k
    • Visitors by month
      1.8k
    • Avg Time on site
      48 min
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    2616 Erwin Rd
    Durham, NC 27705-3843
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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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