Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    505 Duke St Durham, NC 27701-3199

    • Banks
    • 40,428 SF
    • 1.67 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US53-1323640
    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

    • Forde Staffing Group / Employment Agency
    • EDDIE'S DURHAM TOWINGS 24/7 / Towing Service / Towing Equipment Provider
    • Robert Horne, LCMHC / Psychotherapist / Health Counselor
    • Mary Tayal, Psychologist / Health Counselor / Psychotherapist
    • Third Space Studio / Consultant

    Property Details for 505 Duke St

    Year built
    1972
    Lot size
    1.67 lot acres
    Property size
    40,428 SF
    Zone code
    DD-C
    Property type
    Banks
    APN
    103353
    APU
    103353

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.9082
    Latitude
    35.9951
    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
    $65,998
    $2,559,996
    $1,945,299
    $4,505,295
    -
    $2,559,996
    $1,945,299
    $4,505,295

    Comparable in this City

    • Value Estimation by Request
      6,522 SF

      1516 Gregson St

      FINANCIAL BUILDING • 6,522 SF
      1516 Gregson St, Durham, NC 27701-1155
      View Details
    • Value Estimation by Request
      6,426 SF

      900 Clb Blvd

      FINANCIAL BUILDING • 6,426 SF
      900 Clb Blvd, Durham, NC 27701-1102
      View Details
    • Value Estimation
      $6,400,000
      8,206 SF

      500 Morgan St

      FINANCIAL BUILDING • 8,206 SF
      500 Morgan St, Durham, NC 27701-2160
      View Details
    • Value Estimation by Request
      18,795 SF

      1530 Gregson St

      FINANCIAL BUILDING • 18,795 SF
      1530 Gregson St, Durham, NC 27701-1155
      View Details
    • Value Estimation by Request
      11,451 SF

      100 Morgan St

      FINANCIAL BUILDING • 11,451 SF
      100 Morgan St, Durham, NC 27701-3315
      View Details
    • Value Estimation by Request
      6,095 SF

      504 Duke St

      FINANCIAL BUILDING • 6,095 SF
      504 Duke St, Durham, NC 27701-3116
      View Details

    Similar Nearby for Sale

    • $1,360,000
      3,775 SF

      Historic Downtown Durham Corner Building

      Fully leased retail and office space in Durham's City Center.
      125 E Parrish St, Durham, NC 27701
      View Details
    • $1,450,000
      3,944 SF

      Downtown Durham Commercial Condo

      Versatile commercial condo in a rapidly transforming downtown area.
      204 Rigsbee Ave, Durham, NC 27701
      View Details
    • $3,950,000
      9,790 SF

      Downtown Durham Commercial Gem

      9,790 SF Office/Retail, NNN Lease
      211 Rigsbee Ave, Durham, NC 27701
      View Details
    • $5,200,000
      0.95 Acres

      Prime Metrocrest Office Suite

      Spacious Office, Ideal for Small Teams
      514 Mangum St, Durham, NC 27701
      View Details
    • $4,100,000
      10,893 SF

      Durham Church - Prime Location

      Historic Church, 10,893 SF, $4.1M
      201 Alston Ave, Durham, NC 27701
      View Details
    • $4,600,000
      1.04 Acres

      Downtown Durham Commercial Land

      Prime 1.04-acre infill site.
      602 Mangum St, Durham, NC 27701
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      35,378 SF

      Downtown Durham Historic Buildings

      Historic buildings in downtown Durham with retail and office spaces.
      102 City Hall Plz, Durham, NC 27701
      View Details
    • Contact for pricing
      465,000 SF

      Downtown Durham Retail/Office Space

      Retail and office space available for lease in downtown Durham.
      110 Corcoran St, Durham, NC 27701
      View Details
    • $26 SF/Yr
      9,790 SF

      Downtown Durham Office/Retail Gem

      9,790 SF, Multi-Tenant, High Visibility
      211 Rigsbee Ave, Durham, NC 27701
      View Details
    • $26 SF/Yr
      248,000 SF

      Shops at Maizon: Downtown Durham Retail

      Prime Durham retail space, 2 suites available.
      500 Main St, Durham, NC 27701
      View Details
    • $26 SF/Yr
      2,767 SF

      Downtown Durham Retail Space

      Brand-new, street-level retail space.
      115 Queen St, Durham, NC 27701
      View Details
    • $35 SF/Yr
      114,840 SF

      Downtown Durham Retail Space

      Prime retail, multiple suites available
      321 Corporation St, Durham, NC 27701
      View Details

    Property Visit Statistics

    • Visits by month
      3.3k
    • Visitors by month
      2.3k
    • Avg Time on site
      21 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    505 Duke St
    Durham, NC 27701-3199
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.