Technical
Financial
Distress signals
Property profile

506 Hope Ave Durham, NC 27707

OFF-MARKET
Assisted living facilities
Property ID
US53-1577585
28,998 SF 1.57 ac lot Built 2002
Entity Owned 22-yr Hold Free & Clear
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 2002
Total area 28,998 SF
Lot 1.57 ac (68,389 SF)
Zoning code OI(D)
APN 116210
UPID US53-1577585

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
  • Nursing Home Retirement Community

Location

506 Hope Ave Durham, NC 27707-4263
Durham metro Census 1303 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.22M

Owner & transaction history

Zoning & alternative use

OI(D) · 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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