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    500 Morgan St Durham, NC 27701-2160

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    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
    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.

    Value Estimations
    $5,940,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mint Coworking / Coworking & Hybrid Office
    • PNC Bank ATM / Atm
    • Christmas Light Installers of Durham / Home Decor Store / Party Supply 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 estimation — 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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