Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    506 Ramseur St Durham, NC 27701-4891

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    506 Ramseur St Durham, NC 27701-4891

    View on Map
    • Industrial properties
    • 20,948 SF
    • 0.71 lot acres
    Off-Market
    Property ID
    US53-1200705
    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
    $2,880,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Krill Restaurant / Restaurant
    • The Empress Haven, PLLC Mental Health & Wellness Services / Crisis Center / Medical Clinic
    • Triangle Concrete Co / Building Supply
    • Tamarea A.C. Rushdan, Notary Public / Law Firm
    • STASH Storage / Storage Facility

    Property Details for 506 Ramseur St

    Year built
    1930
    Lot size
    0.71 lot acres
    Property size
    20,948 SF
    Zone code
    DD-S1
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    102863
    APU
    102863

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,897,000
      Market price range: $1.51M - $5.54M

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.8964
    Latitude
    35.9903
    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
    $25,193
    $703,372
    $1,016,375
    $1,719,747
    -
    $703,372
    $1,016,375
    $1,719,747

    Comparable in this City

    • Value Estimation
      $565,000
      4,002 SF

      1019 Holloway St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 4,002 SF
      1019 Holloway St, Durham, NC 27701-3854
      View Details
    • Value Estimation
      $2,940,000
      563,093 SF

      620 Foster St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 563,093 SF
      620 Foster St, Durham, NC 27701-4974
      View Details
    • Value Estimation
      $810,000
      4,572 SF

      706 Gilbert St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 4,572 SF
      706 Gilbert St, Durham, NC 27701-3508
      View Details
    • Value Estimation
      $1,920,000
      14,763 SF

      806 Main St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 14,763 SF
      806 Main St, Durham, NC 27701-2023
      View Details
    • Value Estimation by Request
      900 SF

      804 Alston Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 900 SF
      804 Alston Ave, Durham, NC 27701-0119
      View Details
    • Value Estimation
      $14,470,000
      71,624 SF

      123 Market St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 71,624 SF
      123 Market St, Durham, NC 27701-3221
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,500 SF

      Downtown Durham Mixed-Use Property

      Mixed-use property in Downtown Durham with office and residential spaces.
      116 E Main St, Durham, NC 27701
      View Details
    • $1,000,000

      Downtown Durham Redevelopment Opportunity

      Mixed-use redevelopment opportunity in vibrant Downtown Durham on Main Street.
      113 West Main St, Durham, NC 27701
      View Details
    • Contact for pricing
      4,500 SF

      Downtown Durham Mixed-Use Property

      Mixed-use property in Downtown Durham with office and residential spaces.
      116 East Main St, Durham, NC 27701
      View Details
    • $3,200,000
      9,256 SF

      Downtown Durham Mixed-Use Gem

      Prime location, 9,256 sq ft, 3 units, high rental income potential.
      112 Main St, Durham, NC 27701
      View Details
    • Contact for pricing

      Downtown Durham Multifamily Development Opportunity

      Entitled mixed-use site with 201 residential units and commercial space.
      6 Grace Ln, 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

    Similar Nearby for Lease

    • Contact for pricing
      30,517 SF

      Downtown Durham Office Space

      Prime 5,516 SF Executive/Creative Office
      300 Main St, Durham, NC 27701
      View Details
    • Contact for pricing

      Durham Flex/Retail Space Available

      11,102 SF flex/retail space in growing Durham area.
      305 S Roxboro St, Durham, NC 27701
      View Details
    • Contact for pricing

      Versatile Building in Prime Location

      Adaptable building suitable for restaurants, fitness, or office use.
      211 Rigsbee Ave, Durham, NC 27701
      View Details
    • Contact for pricing

      Downtown Durham Mixed-Use Asset

      Mixed-use property in the heart of Downtown Durham.
      601 West Main St, Durham, NC 27701
      View Details
    • Contact for pricing

      NC, Durham - Spaces Mangum Street

      We offer workspace options fully tailored to your needs in NC, Durham - Spaces Mangum Street
      555 Mangum St, Durham, NC 27701
      View Details
    • Contact for pricing
      203,239 SF

      R&D Lab Suites Available

      R&D lab suites ranging from 4,345 RSF to 7,381 RSF.
      380 East Pettigrew St, Durham, NC 27701
      View Details
    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.
    506 Ramseur St
    Durham, NC 27701-4891
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    506 Ramseur St, Durham, NC, 27701

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!