Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3800 Dover Rd Durham, NC 27707
    Back to Search
    Property profile & analytics

    3800 Dover Rd Durham, NC 27707

    View on Map
    • Golf courses & driving ranges
    • 18.41 lot acres
    Off-Market
    Property ID
    US53-1724981
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Golf courses & driving ranges

    Property Details for 3800 Dover Rd

    Lot size
    18.41 lot acres
    Zone code
    RS-10,RS-20
    Property type
    Golf courses & driving ranges
    APN
    135110
    APU
    135110

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.9418
    Latitude
    35.9465
    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
    $3,766
    $104,959
    $165,000
    $269,959
    -
    $104,959
    $165,000
    $269,959

    Comparable in this City

    • Value Estimation by Request
      5.65 Acres

      3300 Surrey Rd

      COUNTRY CLUB • 5.65 Acres
      3300 Surrey Rd, Durham, NC 27707
      View Details
    • Value Estimation by Request
      0.45 Acres

      3129 Cornwall Rd

      GOLF COURSE • 0.45 Acres
      3129 Cornwall Rd, Durham, NC 27707-5101
      View Details
    • Value Estimation by Request
      13.34 Acres

      2903 Surrey Rd

      COUNTRY CLUB • 13.34 Acres
      2903 Surrey Rd, Durham, NC 27707
      View Details
    • Value Estimation by Request
      0.23 Acres

      3127 Cornwall Rd

      GOLF COURSE • 0.23 Acres
      3127 Cornwall Rd, Durham, NC 27707-5101
      View Details
    • Value Estimation
      $1,755,000
      51,476 SF

      3803 Dover Rd

      COUNTRY CLUB • 51,476 SF
      3803 Dover Rd, Durham, NC 27707-5100
      View Details
    • Value Estimation by Request
      18.97 Acres

      2900 Surrey Rd

      COUNTRY CLUB • 18.97 Acres
      2900 Surrey Rd, Durham, NC 27707
      View Details

    Similar Nearby for Sale

    • $18,000,000

      Durham Multifamily Redevelopment Opportunity

      Prime Durham corridor site near University Hill development.
      3823 Durham-Chapel Hl Blvd, Durham, NC 27707
      View Details
    • $80,000

      Undeveloped Land For Sale

      Undeveloped land available for sale.
      3306 Swansea St, Durham, NC 27707
      View Details
    • $130,000
      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
    • $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
    • $1,725,000
      3,344 SF

      Hope Valley Cottage Collection Home

      Single-family cottage with modern luxury in Durham's southwest corridor.
      2000 Cotswood Ln, Durham, NC 27707
      View Details
    • 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

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space at Indigo Corners

      Retail space available at the intersection of Durham-Chapel Hill Blvd.
      5318 New Hope Commons Dr, 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
    • 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

      Prime Commercial Site For Rent

      Commercial site for rent in a fast-growing area.
      2550 Durham-Chapel Hl Blvd, 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.
    3800 Dover Rd
    Durham, NC 27707
    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
    3800 Dover 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!