Property profile

400 Lakewood Ave Durham, NC 27707

OFF-MARKET
Garden apartment buildings
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Property ID
US53-2564398
44,672 SF 5.26 ac Built 2013
Individually Owned Owner of record is an individual. 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 · 2023

What does the county charge?
$97k
Tax billed · 2023
Assessed value · 2024$6.98M
Assessed land$1.07M
Assessed improvement$5.91M
Effective rate1.39%

Value estimate

· Nov 2026
$3.79M
$3.41M – $4.17M
CAP approach$5.17M

Realmo valuation models over county records and 3 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 comparables3

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?
DD-S2
The Downtown Design (DD) District is established to encourage bicycling, pedestrian, and transit-orienteddevelopmentthrough regulations a...
General categoryCOMMERCIAL
JurisdictionDURHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop19.2
Auto Parts Store19.0
Building Supply17.7

Location

400 Lakewood Ave Durham, NC 27707
County assessor Recorded deeds · 2 transfers 3 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
1600 Anderson, Durham, NC 27707-1400 $7,243,000 Aug 2024 46,614 SF
1808 Chapel Hl, Durham, NC 27707-1139 $5,313,000 Dec 2023 46,464 SF
2000 House, Durham, NC 27707 $3,531,871 Dec 2023 35,000 SF
3115 Fayetteville, Durham, NC 27707-4010 $1,300,000 Apr 2023 26,964 SF
3300 Shannon, Durham, NC 27707-3582 $10,236,510 Jan 2023 54,806 SF
1718 Palmer, Durham, NC 27707-1172 $8,200,000 Jul 2022 43,772 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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