Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3219 Old Chapel Hl Rd Durham, NC 27707-6232
    Back to Search
    Property profile & analytics

    3219 Old Chapel Hl Rd, Durham, NC 27707-6232

    View on Map
    • Industrial properties
    • 7,954 SF
    • 1.07 lot acres
    Off-Market
    Last Sale Apr 24, 2023
    $1,060,000
    Property ID
    US53-1337187
    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.
    Value Estimations
    $1,330,000
    Show details
    Cap Rate Potential
    8.1%
    Industrial properties
    Location Intelligence

    Current Use by Public Records

    • Piper's / Food Market / Restaurant
    • Cupdak / Restaurant
    • Taco Park / Restaurant
    • Succotash Durham—Southern & Creole Kitchen / Restaurant
    • Anointed Hands and Feet (Located in Remedy Hair & Body Spa) / Nail Salon

    Property Details for 3219 Old Chapel Hl Rd

    Year built
    1990
    Lot size
    1.07 lot acres
    Zone code
    CN(D)
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    123118
    APU
    123118

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 24, 2023 $1,060,000 Triangelous LLC Doyles Properties LLC Warranty Deed $795k · The Fidelity Bank
    Apr 12, 2019 — Doyle S Properties LLC — Deed · related $211k · First National Bank Of Pennsylvania
    — — Doyles Properties LLC — Deed Of Trust · related $650k · Cardinal St Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,320,000
      ML approach
      $1,380,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,790,000
      6.5%
      $1,650,000
      7%
      $1,535,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,737,000
      Market price range: $1.62M - $2.70M
      AI Estimate
      $1,093,000
      Market price range: $644k - $1.70M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,930,000
      Current use
      RETAIL STORES
      $1,955,000
      Change: +1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.9459
    Latitude
    35.9652
    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
    $12,518
    $362,075
    $535,330
    $897,405
    -
    $362,075
    $535,330
    $897,405

    Comparable in this City

    • Value Estimation by Request
      1,421 SF

      2518 Fayetteville St

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      2518 Fayetteville St, Durham, NC 27707-4126
      View Details
    • Value Estimation
      $3,860,000
      19,396 SF

      3642 Shannon Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      3642 Shannon Rd, Durham, NC 27707-3769
      View Details
    • Value Estimation
      $2,970,000
      14,925 SF

      3219 Watkins Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      3219 Watkins Rd, Durham, NC 27707-3330
      View Details
    • Value Estimation
      $2,900,000
      15,840 SF

      3109 Shannon Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      3109 Shannon Rd, Durham, NC 27707-4363
      View Details
    • Value Estimation
      $1,155,000
      5,520 SF

      5400 Durham Chapel Hl Blvd

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      5400 Durham Chapel Hl Blvd, Durham, NC 27707-3317
      View Details
    • Value Estimation
      $815,000
      5,841 SF

      2919 Fayetteville St

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      2919 Fayetteville St, Durham, NC 27707-4175
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Durham Land Assemblage Opportunity

      11.7 acres suitable for mixed-use development in Durham, NC.
      11 N White Oak Dr, Durham, NC 27707
      View Details
    • Contact for pricing

      Undeveloped Land For Sale

      Undeveloped land available for sale.
      3306 Swansea St, Durham, NC 27707
      View Details
    • $1,199,800
      4,624 SF

      New Durham Townhome Community

      New duet-style townhomes near Duke and downtown Durham.
      2940 Chapel Hill Rd, Durham, NC 27707
      View Details
    • $115,000
      0.56 Acres

      Durham Land Opportunity

      Two adjacent lots totaling 0.56 acres in Durham, NC.
      2364 S Roxboro St, Durham, NC 27707
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Redevelopment Opportunity

      Mixed-use redevelopment with main street setting.
      University Dr & Shannon Rd, Durham, NC 27707
      View Details
    • Contact for pricing

      NC, Durham - 3511 Shannon Road

      Discover many ways to work your way in NC, Durham - 3511 Shannon Road
      3511 Shannon Rd, Durham, NC 27707
      View Details
    • Contact for pricing

      Renovated Office Building Near University

      Three-story office building near mixed-use development with ongoing renovations.
      3710 University Dr, Durham, NC 27707
      View Details
    • Contact for pricing

      Durham Corner Parcel For Lease

      5.08-acre corner parcel available for ground lease in Durham, NC.
      3700 Fayetteville St, Durham, NC 27707
      View Details
    • Contact for pricing

      Office Space Near University Hill

      Office space with high visibility, convenience, and walkability.
      3917 University Dr, Durham, NC 27707
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space in Growing Durham

      Retail property located off Martin Luther King Pkwy and US-501.
      3415 Westgate Dr, Durham, NC 27707
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3219 Old Chapel Hl Rd
    Durham, NC 27707-6232
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3219 Old Chapel Hl Rd, Durham, NC, 27707
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!