Property profile

409 Elm St Durham, NC 27701

OFF-MARKET
Parking lots & garages
Property ID
US53-0928756
0.39 ac lot
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 0.39 ac (16,988 SF)
Zoning code DD-S2
APN 209350
UPID US53-0928756

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

409 Elm St Durham, NC 27701
Durham metro Census 1100 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2017
4 recorded transactions
2024
Price N/A
2020
Price N/A
2017
$19.5M
1969
Price N/A

Zoning & alternative use

DD-S2 · Durham, NC
Zoning description

The Downtown Design (DD) District is established to encourage bicycling, pedestrian, and transit-orienteddevelopmentthrough regulations appropriate to the downtown area. It focuses on the form of the private and public r…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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