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    Property profile & analytics

    4015 University Dr Durham, NC 27707-2548

    • Super regional malls
    • 26,891 SF
    • 2.68 lot acres
    OFF-MARKET
    Value Estimation
    $8,050,000
    Last Sale
    Jul 26, 2021
    $7,600,000
    Location Intelligence
    Property ID
    US53-0776951
    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

    • Young's Flooring and Design / Flooring Store
    • Spruce Hair / Hair Salon
    • BB&T Plaza / Business Center
    • Spectrum Paint / Paint Store
    • Bull City Ballroom / Dance School

    Property Details for 4015 University Dr

    Year built
    1989
    Lot size
    2.68 lot acres
    Property size
    26,891 SF
    Zone code
    CN
    Property type
    Super regional malls
    APN
    137090
    APU
    137090

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $8,170,000

    • CAP approach

      CAP return
      Estimation
      6%
      $7,565,000
      6.5%
      $7,320,000
      7%
      $8,270,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $7,260,000
      Geo Method
      $8,505,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $8,280,000
      Retail
      $7,035,000
      Mixed-Use
      $7,870,000
      Hospitality
      $7,880,000
      Educational
      $8,525,000
      Residential Income
      $6,935,000
      Energy
      $7,420,000
      Income-Based Land
      $6,695,000
      Food Service
      $8,135,000

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.9564
    Latitude
    35.9648
    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
    $55,753
    $919,250
    $3,077,685
    $3,996,935
    -
    $919,250
    $3,077,685
    $3,996,935

    Comparable in this City

    • Value Estimation by Request
      33,908 SF

      2501 University Dr

      REGIONAL SHOPPING CENTER, MALL • 33,908 SF
      2501 University Dr, Durham, NC 27707-2159
      View Details
    • Value Estimation by Request
      66,319 SF

      2000 Chapel Hl Rd

      REGIONAL SHOPPING CENTER, MALL • 66,319 SF
      2000 Chapel Hl Rd, Durham, NC 27707-1197
      View Details
    • Value Estimation
      $615,000
      21,081 SF

      2050 Chapel Hl Rd

      REGIONAL SHOPPING CENTER, MALL • 21,081 SF
      2050 Chapel Hl Rd, Durham, NC 27707-1110
      View Details
    • Value Estimation by Request
      17,200 SF

      4201 University Dr

      REGIONAL SHOPPING CENTER, MALL • 17,200 SF
      4201 University Dr, Durham, NC 27707-2533
      View Details
    • Value Estimation by Request
      39,025 SF

      3710 Shannon Rd

      REGIONAL SHOPPING CENTER, MALL • 39,025 SF
      3710 Shannon Rd, Durham, NC 27707-6327
      View Details
    • Value Estimation by Request
      81,473 SF

      1813 Martin Luther King Pkwy

      REGIONAL SHOPPING CENTER, MALL • 81,473 SF
      1813 Martin Luther King Pkwy, Durham, NC 27707-3585
      View Details

    Similar Nearby for Sale

    • $3,150,000
      11,896 SF

      Durham Shopping Center Investment

      High-yield retail center, 100% occupied.
      3205 University Dr, Durham, NC 27707
      View Details
    • $500,000
      0.52 Acres

      Lakewood Retail Space - Durham, NC

      High-traffic retail space, prime Durham location.
      1929 Chapel Hill Rd, Durham, NC 27707
      View Details
    • $750,000
      0.71 Acres

      Lakewood Retail Center Opportunity

      High-traffic Durham retail space for sale.
      1925 Chapel Hill Rd, Durham, NC 27707
      View Details
    • Contact for pricing

      Prime Downtown Durham Location

      Located in Durham, close to American Tobacco Campus.
      Durham, NC 27707
      View Details
    • $1,400,000
      2.82 Acres

      South Durham Commercial Land

      ±2.82 Acres, Prime Location
      4350 Garrett Rd, Durham, NC 27707
      View Details
    • $549,000
      Pending

      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

    Similar Nearby for Lease

    • Contact for pricing
      17,587 SF

      Prime Retail Space For Lease

      High-traffic retail space in revitalized Durham shopping center.
      4125 Durham-Chapel Hl Blvd, Durham, NC 27707
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space in Power Center

      Retail space available in a power center location.
      4001 Durham Chapel Hill Blvd, Durham, NC 27707
      View Details
    • Contact for pricing
      3,137 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

      Retail Space at Indigo Corners

      Retail space available in Durham, co-tenants include Verizon and Mattress
      5319 New Hope Commons Boulevard Ext, Durham, NC 27707
      View Details
    • $26 SF/Yr
      160,942 SF

      Patterson Place Power Center

      Durham Retail Space Available Now
      3616 Witherspoon Blvd, Durham, NC 27707
      View Details
    • $32 SF/Yr
      25,678 SF

      Downtown Durham Office Space

      Iconic Snow Building: Executive Suites Available
      331 Main St, Durham, NC 27707
      View Details

    Property Visit Statistics

    • Visits by month
      13.6k
    • Visitors by month
      7.8k
    • Avg Time on site
      8 min
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    Durham, NC 27707-2548
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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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