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    Property profile & analytics

    3200 Shannon Rd Durham, NC 27707-3524

    • Garden apartment buildings
    • 10,512 SF
    • 0.92 lot acres
    OFF-MARKET
    Value Estimation
    $2,680,000
    Last Sale
    Jan 17, 2023
    $2,274,780
    Location Intelligence
    Property ID
    US53-2386047
    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

    • Bank of America ATM (Drive-thru) / Atm
    • Bank of America (with Drive-thru ATM) / Financial Consultant / Financial Planner

    Property Details for 3200 Shannon Rd

    Year built
    1973
    Lot size
    0.92 lot acres
    Property size
    10,512 SF
    Zone code
    RS-M
    Property type
    Garden apartment buildings
    APN
    137035
    APU
    137035

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,835,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,220,000
      6.5%
      $2,380,000
      7%
      $2,150,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,085,000
      Geo Method
      $2,300,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,340,000
      Retail
      $2,335,000
      Mixed-Use
      $2,255,000
      Hospitality
      $1,955,000
      Educational
      $2,400,000
      Residential Income
      $2,405,000
      Energy
      $2,200,000
      Income-Based Land
      $2,045,000
      Food Service
      $2,490,000

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.9568
    Latitude
    35.9633
    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
    $8,163
    $120,000
    $503,202
    $623,202
    -
    $120,000
    $503,202
    $623,202

    Comparable in this City

    • Value Estimation by Request
      44,326 SF

      101 Atlantic St

      GARDEN APT, COURT APT (5+ UNITS) • 44,326 SF
      101 Atlantic St, Durham, NC 27707-4079
      View Details
    • Value Estimation by Request
      80,294 SF

      266 Chestnut St

      GARDEN APT, COURT APT (5+ UNITS) • 80,294 SF
      266 Chestnut St, Durham, NC 27707
      View Details
    • Value Estimation by Request
      25,016 SF

      100 Northcreek Dr

      GARDEN APT, COURT APT (5+ UNITS) • 25,016 SF
      100 Northcreek Dr, Durham, NC 27707-3360
      View Details
    • Value Estimation by Request
      1,380 SF

      1820 James St

      GARDEN APT, COURT APT (5+ UNITS) • 1,380 SF
      1820 James St, Durham, NC 27707-2024
      View Details
    • Value Estimation by Request
      44,672 SF

      400 Lakewood Ave

      GARDEN APT, COURT APT (5+ UNITS) • 44,672 SF
      400 Lakewood Ave, Durham, NC 27707
      View Details
    • Value Estimation by Request
      22,884 SF

      3838 Lyckan Pkwy

      GARDEN APT, COURT APT (5+ UNITS) • 22,884 SF
      3838 Lyckan Pkwy, Durham, NC 27707
      View Details

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    Similar Nearby for Lease

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      Durham Commercial Land Opportunity

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      Patterson Place Power Center

      Durham Retail Space Available Now
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    • $32 SF/Yr
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      Downtown Durham Office Space

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      View Details
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    3200 Shannon Rd
    Durham, NC 27707-3524
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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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