Property profile

3200 Shannon Rd Durham, NC 27707

OFF-MARKET
Garden apartment buildings
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Property ID
US53-2386047
10,512 SF 0.92 ac Built 1973
Last sale Jan 2023·$43,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$8k
Tax billed · 2024
Assessed value$623k
Assessed land$120k
Assessed improvement$503k
Effective rate1.31%

Value estimate

· Nov 2026
$2.84M
$2.55M – $3.12M
AI approach$2.75M
Submarket $/SF estimate$3.30M

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$388/SF
ZIP average, outlier-cleaned · 40 recorded sales of this use type
Observed band · Q1–Q3$143 – $1,088
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
RS-M
Multifamilydevelopmentis permitted in areas designated RS-M, which should have convenient access to arterial streets and nearby civic, co...
General categoryCIVIC_INSTITUTIONAL
JurisdictionDURHAM

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service10.9
Electrical Service10.2
Parking Facility10.0

Location

3200 Shannon Rd Durham, NC 27707-3524
County assessor Recorded deeds · 4 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2607 Lexington, Durham, NC 27707-1954 $2,000,000 Jul 2025 12,000 SF
2309 Nation, Durham, NC 27707-2012 $42,250,000 Jul 2025 15,520 SF
3019 Mt Moriah, Durham, NC 27707-9023 $57,000,000 Dec 2024 6,720 SF
4004 Garrett, Durham, NC 27707 $73,000,000 Dec 2023 10,680 SF
1901 Morehead, Durham, NC 27707-1067 $1,600,000 Jul 2023 6,936 SF
5639 Old Chapel Hl, Durham, NC 27707-9717 $35,484,000 Feb 2022 7,944 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Includes: Price & PSF · Cap rate · Location · Zoning

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