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Property profile & analytics

500 Morgan St Durham, NC 27701-2160

  • Banks
  • 8,206 SF
  • 0.54 lot acres
OFF-MARKET
Last Sale
May 19, 2023
$5,321,000
Value Estimations
$6,630,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US53-1051096
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

  • Mint Coworking / Coworking Space
  • PNC Bank ATM / Atm
  • Christmas Light Installers of Durham / Christmas Store

Property Details for 500 Morgan St

Year built
1975
Lot size
0.54 lot acres
Property size
8,206 SF
Zone code
DD-C
Property type
Banks
APN
103116
APU
103116

Description

This 4,101 square foot executive office space, located at 500 W Morgan St in Durham, NC, is situated in the heart of Downtown Durham's vibrant submarket. The property, a Class C building constructed in 1975, offers a single suite within a larger 8,206 square foot building situated on a 23,652 square foot lot. Currently, the entire suite is vacant and ready for immediate occupancy. The space is ideal for a small business seeking a move-in ready solution with a mix of private offices and a bullpen area. Its former use as a bank branch ensures high visibility and a desirable location. The property is zoned DD-C and benefits from its proximity to numerous amenities, including restaurants, nightlife, hotels, Duke University, and Research Triangle Park. Shared building amenities include a conference room, break area, and WiFi. This exceptional opportunity offers flexible lease terms in a highly sought-after downtown location. The property is located in Durham County, NC, zip code 27701.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $6,630,000
    ML approach
    $6,495,000

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


Location Insight

  • Map
  • Local Demand
City
Durham
County
Durham
State
North Carolina
Longitude
-78.9041
Latitude
35.9985
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
$37,060
$1,064,388
$1,465,453
$2,529,841
-
$1,064,388
$1,465,453
$2,529,841
More about this property
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