Property profile

5114 Wake Frst Rd Durham, NC 27703

OFF-MARKET
Retail space
Property ID
US53-5631778
6,528 SF 0.82 ac lot Built 2005
Entity Owned 20-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2005
Total area 6,528 SF
Lot 0.82 ac (35,719 SF)
Zoning code CC(D)
APN 166187
UPID US53-5631778

Cap rate & NOI

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

Location

5114 Wake Frst Rd Durham, NC 27703-3703
Durham metro Census 1808 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
$1.16M
Comparable Approach Comparable
$1.19M
Blend (final) Blend
$1.25M

Owner & transaction history

since 2006
2 recorded transactions
2006
$1.3M
2005
$580,000

Zoning & alternative use

CC(D) · Durham, NC
Zoning description

The CC District is established to provide for orderlydevelopmentof commercial services in a unified setting on largeparcelsof land (generally over ten acres in size to serve residential neighborhoods within a three to fi…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $1.9M +18.7%
Apartment house (5+ units) $1.7M +8.5%

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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