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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3707 Fayetteville St Durham, NC 27707

    • Commercial real estate
    • 9.80 lot acres
    For Sale
    View listing
    $2,400,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1462263
    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

    • Commercial real estate

    Property Details for 3707 Fayetteville St

    Lot size
    9.80 lot acres
    Property type
    Commercial real estate
    APN
    133902

    Description

    This exceptional 9.8-acre parcel, located at 3707 Fayetteville Street in Durham, North Carolina (zip code 27707), presents a remarkable opportunity for residential development. Zoned RU-5 Residential, with a Future Land Use designation of Medium Density Residential (6-12 units per acre), this property offers significant potential. The site boasts approximately 490 feet of road frontage, providing excellent accessibility. Conveniently situated, it's just 7 minutes from Downtown Durham, 10 minutes from Research Triangle Park, and 20 minutes from Raleigh-Durham International Airport (RDU). The Streets of Southpoint Mall is also a short 10-minute drive. The property enjoys a desirable location, adjacent to Hillside High School to the south and east, and Mt. Zion Christian Church to the north. City of Durham water and sewer lines are readily available in the street right-of-way. The property's APN is 133902. This is a truly exceptional opportunity to acquire a large, well-located residential development site in a thriving Durham neighborhood. The asking price is $2,400,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.905336
    Latitude
    35.95511

    Comparable in this City

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      Durham Multifamily Land Opportunity

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      Renovated Multifamily Property in Durham

      Durham multifamily property featuring renovated units with 3 bedrooms, 2.5 baths.
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      Cottage in Historic Hope Valley

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      Durham Condo with Modern Amenities

      Two-bedroom condo with den, modern amenities, and community features.
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    • $750,000

      Durham 4-Plex: Prime Investment

      High-Occupancy Multifamily, Value-Add Potential
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    • $725,000
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      Restored Triplex in Lakewood Neighborhood

      Rare 1925 Durham triplex with renovated units and value-add potential.
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    Similar Nearby for Sale

    • $18,000,000
      5.62 Acres

      Durham Multifamily Land Opportunity

      Prime 5.62-acre site, ideal for redevelopment.
      3823 Durham-Chapel Hl Blvd, Durham, NC 27707
      View Details
    • $549,000
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      Renovated Multifamily Property in Durham

      Durham multifamily property featuring renovated units with 3 bedrooms, 2.5 baths.
      917 Scout Dr, Durham, NC 27707
      View Details
    • $1,725,000
      3,295 SF

      Cottage in Historic Hope Valley

      Single-family cottage with modern luxury in Durham's southwest corridor.
      2000 Cotswood Ln, Durham, NC 27707
      View Details
    • $410,000
      1,469 SF

      Durham Condo with Modern Amenities

      Two-bedroom condo with den, modern amenities, and community features.
      7250 Nc Highway 751, Durham, NC 27707
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    • $900,000
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      Durham Duplex Conversion Opportunity

      Duplex near downtown Durham and Duke University, converting to townhomes.
      804 S Roxboro St, Durham, NC 27707
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    • $1,739,000
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      Renovated Multifamily Investment Near Duke

      Nine units in two buildings near Duke University.
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    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Prime Land Lease Opportunity

      Land for lease with high visibility and traffic counts.
      5314 Jean Ave, Durham, NC 27707
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      Durham Commercial Land Opportunity

      Prime Durham location, flexible acreage, commercial zoning.
      3700 Cook Rd, Durham, NC 27707
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      Downtown Durham Commercial Land

      ±1.8 Acres, High-Traffic Retail Site
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      2 SF

      Prime Land on Durham-Chapel Hill

      2.58-acre commercial land for lease with high visibility.
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      1 SF

      Prime Land Lease Opportunity

      Land for lease with high visibility and traffic counts.
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    • Contact for pricing
      77,101 SF

      Durham Commercial Land Assemblage

      1.77 Acres, Prime Durham Location
      4138 Old Chapel Hill Rd, Durham, NC 27707
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    3707 Fayetteville St
    Durham, NC 27707
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    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
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