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

    5111 Nc Hwy 55th Ste, Unit 101 Durham, NC 27713-9687

    • Auto shops
    • 1,260 SF
    OFF-MARKET
    Last Sale
    Aug 20, 2020
    $929,000
    Value Estimations
    $1,270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-3535336
    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

    • Auto shops

    Property Details for 5111 Nc Hwy 55th Ste

    Year built
    2019
    Property size
    1,260 SF
    Property type
    Auto shops
    APN
    226786
    APU
    226786

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,270,000
      ML approach
      $1,175,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.897
    Latitude
    35.8944
    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
    $3,235
    $0.00
    $231,920
    $231,920
    -
    $0.00
    $231,920
    $231,920

    Comparable in this City

    • Value Estimation
      $1,245,000
      4,370 SF

      5111 Nc Hwy 55th Ste, Unit 102

      AUTO REPAIR, GARAGE • 4,370 SF
      5111 Nc Hwy 55th Ste, Durham, NC 27713-9687
      View Details
    • Value Estimation
      $255,000
      3,985 SF

      4200 Apex Hwy

      AUTO REPAIR, GARAGE • 3,985 SF
      4200 Apex Hwy, Durham, NC 27713-2226
      View Details
    • Value Estimation
      $2,340,000
      8,502 SF

      1712 Nc Hwy 54

      AUTO REPAIR, GARAGE • 8,502 SF
      1712 Nc Hwy 54, Durham, NC 27713-2107
      View Details
    • Value Estimation
      $455,000
      6,864 SF

      4908 Nc Hwy 55

      AUTO REPAIR, GARAGE • 6,864 SF
      4908 Nc Hwy 55, Durham, NC 27713-9416
      View Details
    • Value Estimation
      $450,000
      7,704 SF

      5115 Nc Hwy 55

      AUTO REPAIR, GARAGE • 7,704 SF
      5115 Nc Hwy 55, Durham, NC 27713-9467
      View Details
    • Value Estimation
      $310,000
      1,311 SF

      5131 Nc Hwy 55th Ste, Unit 101

      AUTO REPAIR, GARAGE • 1,311 SF
      5131 Nc Hwy 55th Ste, Durham, NC 27713-9693
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.10 Acres

      Durham Office Suite - I-40 Access

      Prime South Durham office, utilities included.
      1906 Nc 54 Hwy, Durham, NC 27713
      View Details
    • Contact for pricing
      151,376 SF

      Class A Office Campus Redevelopment

      Two-building Class A office campus with modern indoor/outdoor workspaces.
      2222 Nc 54, Durham, NC 27713
      View Details
    • $330,000

      Durham Land Parcel For Sale

      0.41 acre land parcel in Durham's southern edge.
      7516 Massey Chapel Rd, Durham, NC 27713
      View Details
    • Contact for pricing

      Available Outparcels on Fayetteville Road

      Three commercial land parcels available on Fayetteville Road.
      Durham, NC 27713
      View Details
    • $125,000

      Residential Lot in Pearson Park

      0.91-acre wooded lot in Durham's Pearson Park subdivision.
      5034 Mimosa St, Durham, NC 27713
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Former Auto Parts Store Available

      Located on NC-55, ideal for auto parts retail.
      Durham, NC 27713
      View Details
    • Contact for pricing
      3,420 SF

      Restaurant with Drive-Through Available

      3,420 SF restaurant space with drive-through in Durham, NC.
      4607 S Alston Ave, Durham, NC 27713
      View Details
    • Contact for pricing
      85,602 SF

      Parkwest Crossing Retail Space

      Durham, NC retail space available.
      4900 Nc-55, Durham, NC 27713
      View Details
    • $20 SF/Yr
      128,000 SF

      Shoppes of Hope Valley Retail Space

      Durham retail space, multiple units available.
      3825 Roxboro St, Durham, NC 27713
      View Details
    • Contact for pricing
      71,839 SF

      Retail Space in Durham Center

      Retail space for lease in a 71,839 SF shopping center.
      5410 Nc-55 Hwy, Durham, NC 27713
      View Details
    • Contact for pricing
      71,839 SF

      Greenwood Commons Retail Center

      Durham, NC Shopping Center - 2 Suites Available
      5410 Nc-55, Durham, NC 27713
      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.
    5111 Nc Hwy 55th Ste, Unit 101
    Durham, NC 27713-9687
    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

    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.