Property profile

531 Lakeland St Durham, NC 27701

OFF-MARKET
Sports & entertainment properties
Property ID
US53-2217242
3,646 SF 1.2 ac lot Built 1939
Individually Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Sports & entertainment properties
Use group RECREATIONAL, ENTERTAINMENT
Year built 1939
Total area 3,646 SF
Lot 1.2 ac (52,272 SF)
Zoning code RU-5
APN 211054
UPID US53-2217242

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
  • Park
  • Association Or Organization

Location

531 Lakeland St Durham, NC 27701-4507
Durham metro Census 1400 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
$280k

Owner & transaction history

Zoning & alternative use

RU-5 · Durham, NC
Zoning description

The RU Districts are established to provide for orderly urban residentialdevelopmentand redevelopment. A limited number of nonresidential uses are allowed, subject to the restrictions necessary to preserve the character…

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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