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

    5223 Page Rd Durham, NC 27703-8480

    • Motels
    • 50,596 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimations
    $970,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-5645931
    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

    • Ruby on five points / Bar
    • 5223 Page Rd Parking / Parking Lot
    • Wingate by Wyndham Raleigh Durham / Airport / Hotel / Extended Stay Hotel

    Property Details for 5223 Page Rd

    Year built
    1997
    Lot size
    2.00 lot acres
    Property size
    50,596 SF
    Zone code
    IP
    Property type
    Motels
    APN
    157924
    APU
    157924

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $970,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.8443
    Latitude
    35.88
    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
    $63,550
    $750,250
    $3,805,608
    $4,555,858
    -
    $750,250
    $3,805,608
    $4,555,858

    Comparable in this City

    • Value Estimation by Request
      92,973 SF

      4620 Miami Blvd

      MOTEL • 92,973 SF
      4620 Miami Blvd, Durham, NC 27703-8428
      View Details
    • Value Estimation
      $1,085,000
      56,104 SF

      2101 Holloway St

      MOTEL • 56,104 SF
      2101 Holloway St, Durham, NC 27703-2215
      View Details
    • Value Estimation
      $665,000
      90,285 SF

      151 Tatum Dr

      MOTEL • 90,285 SF
      151 Tatum Dr, Durham, NC 27703-8237
      View Details
    • Value Estimation
      $760,000
      108,380 SF

      4603 Central Park Dr

      MOTEL • 108,380 SF
      4603 Central Park Dr, Durham, NC 27703-8044
      View Details
    • Value Estimation
      $11,615,000
      66,454 SF

      920 Slater Rd

      MOTEL • 66,454 SF
      920 Slater Rd, Durham, NC 27703-8061
      View Details
    • Value Estimation
      $6,845,000
      33,386 SF

      5208 Page Rd

      MOTEL • 33,386 SF
      5208 Page Rd, Durham, NC 27703-8479
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.85 Acres

      Durham Industrial Land - 2.85 Acres

      Prime Durham location, ideal for industrial development.
      1816 Briggs Ave, Durham, NC 27703
      View Details
    • Contact for pricing
      3.48 Acres

      Durham Development Site: Prime Location

      3.48-acre mixed-use development opportunity.
      0 Davis Park, Durham, NC 27703
      View Details
    • $1,950,000
      Pending

      62+ Acres Prime Durham Land

      Large tract of land perfect for development or private retreat.
      Southview Rd, Durham, NC 27703
      View Details
    • $2,755,000
      Pending

      Prime Commercial Site in Durham

      Highly visible commercial land near Brier Creek and Research Triangle Park.
      2214 T W Alexander Dr, Durham, NC 27703
      View Details
    • $89,000
      0.18 Acres

      Durham Land Development Opportunity

      Land for development in rapidly growing Durham, North Carolina.
      209 Fountain St, Durham, NC 27703
      View Details
    • $80,000

      Land For Sale

      Land available for purchase.
      3912 Laurel Ave, Durham, NC 27703
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Durham County Warehouse - 12,000 SF

      Spacious warehouse, 5.5 acres, immediate occupancy.
      2714 Angier Ave, Durham, NC 27703
      View Details
    • $29 SF/Yr
      81,145 SF

      Prime Durham Executive Office Space

      Modern Durham office suites, 18K-27K SF available
      4307 Emperor Blvd, Durham, NC 27703
      View Details
    • $13 SF/Yr
      35,000 SF

      Durham Flex Space Available

      35,000 SF flex space for rent in Durham.
      4808 Chin Page Rd, Durham, NC 27703
      View Details
    • $29 SF/Yr
      111,689 SF

      Winchester Place Office Space Durham NC

      Durham Office Building: Prime Research Triangle Location
      4309 Emperor Blvd, Durham, NC 27703
      View Details
    • $0.24 SF/Yr
      105,410 SF

      Durham Office Space: Bristol Place

      Prime Durham office space, flexible layouts.
      4819 Emperor Blvd, Durham, NC 27703
      View Details
    • $30 SF/Yr
      105,410 SF

      Durham Executive Office Space

      Class A Office Suites Available in Imperial Center
      4819 Emperor Blvd, Durham, NC 27703
      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.
    5223 Page Rd
    Durham, NC 27703-8480
    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.