Property profile

502 Elf St Durham, NC 27705

OFF-MARKET
Motels
Property ID
US53-1919549
31,992 SF 0.48 ac lot Built 1988
Entity Owned Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1988
Total area 31,992 SF
Lot 0.48 ac (20,909 SF)
Zoning code OI
APN 104566
UPID US53-1919549

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

502 Elf St Durham, NC 27705-3950
Durham metro Census 1505 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.47M
Comparable Approach Comparable
$2.19M
Blend (final) Blend
$2.66M

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

OI · Durham, NC
Zoning description

The OI District is established for employment and community service activities. Some support facilities and residential uses are also allowed when compatible with surrounding uses. The OI district is designed for use on…

General category CIVIC_INSTITUTIONAL

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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