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    Property profile & analytics

    355 Morehead Ave Durham, NC 27701-4882

    • Warehouses
    • 110,034 SF
    • 1.20 lot acres
    OFF-MARKET
    Value Estimation
    $1,635,000
    Last Sale
    Nov 24, 2020
    $1,250,000
    Location Intelligence
    Property ID
    US53-3322361
    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

    • Extra Space Storage / Self-Storage Facility / Moving And Storage Service

    Property Details for 355 Morehead Ave

    Lot size
    1.20 lot acres
    Property size
    110,034 SF
    Zone code
    DD-S1
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    119384
    APU
    119384

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,710,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,335,000
      6.5%
      $1,295,000
      7%
      $1,300,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,475,000
      Geo Method
      $1,405,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,580,000
      Retail
      $1,480,000
      Mixed-Use
      $1,220,000
      Hospitality
      $1,355,000
      Educational
      $1,570,000
      Residential Income
      $1,485,000
      Energy
      $1,175,000
      Income-Based Land
      $1,160,000
      Food Service
      $1,535,000

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.9024
    Latitude
    35.9889
    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
    $111,827
    $425,946
    $7,590,900
    $8,016,846
    -
    $425,946
    $7,590,900
    $8,016,846

    Comparable in this City

    • Value Estimation
      $11,125,000
      90,862 SF

      112 Seminary St

      MINI-WAREHOUSE, STORAGE • 90,862 SF
      112 Seminary St, Durham, NC 27701-3338
      View Details
    • Value Estimation by Request
      22,787 SF

      619 Foster St

      WAREHOUSE, STORAGE • 22,787 SF
      619 Foster St, Durham, NC 27701-2108
      View Details
    • Value Estimation by Request
      28,600 SF

      117 Buchanan Blvd

      WAREHOUSE, STORAGE • 28,600 SF
      117 Buchanan Blvd, Durham, NC 27701-2803
      View Details
    • Value Estimation by Request
      10,110 SF

      710 Fayetteville St

      WAREHOUSE, STORAGE • 10,110 SF
      710 Fayetteville St, Durham, NC 27701-3911
      View Details
    • Value Estimation
      $610,000
      13,911 SF

      103 Hood St

      WAREHOUSE, STORAGE • 13,911 SF
      103 Hood St, Durham, NC 27701
      View Details
    • Value Estimation
      $585,000
      24,245 SF

      700 Mallard Ave

      WAREHOUSE, STORAGE • 24,245 SF
      700 Mallard Ave, Durham, NC 27701-2542
      View Details

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    Property Visit Statistics

    • Visits by month
      607
    • Visitors by month
      1.0k
    • Avg Time on site
      42 min
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    355 Morehead Ave
    Durham, NC 27701-4882
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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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