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    Property profile & analytics

    602 Martha St Durham, NC 27707-4247

    • Garden apartment buildings
    • 3,000 SF
    • 0.40 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Location Intelligence
    Property ID
    US53-1550330
    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

    • Garden apartment buildings

    Property Details for 602 Martha St

    Year built
    1972
    Lot size
    0.40 lot acres
    Property size
    3,000 SF
    Zone code
    RS-M
    Property type
    Garden apartment buildings
    APN
    116941
    APU
    116941

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $295,000

    • CAP approach

      CAP return
      Estimation
      6%
      $415,000
      6.5%
      $450,000
      7%
      $395,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $460,000
      Geo Method
      $345,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $430,000
      Retail
      $460,000
      Mixed-Use
      $505,000
      Hospitality
      $385,000
      Educational
      $470,000
      Residential Income
      $475,000
      Energy
      $395,000
      Income-Based Land
      $390,000
      Food Service
      $435,000

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.8979
    Latitude
    35.97
    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
    2023
    $0.00
    $40,000
    $142,078
    $182,078
    -
    $40,000
    $142,078
    $182,078

    Comparable in this City

    • Value Estimation by Request
      15,840 SF

      2219 Nation Ave

      GARDEN APT, COURT APT (5+ UNITS) • 15,840 SF
      2219 Nation Ave, Durham, NC 27707-2011
      View Details
    • Value Estimation by Request
      36,620 SF

      4210 Garrett Rd

      GARDEN APT, COURT APT (5+ UNITS) • 36,620 SF
      4210 Garrett Rd, Durham, NC 27707
      View Details
    • Value Estimation
      $280,000
      3,000 SF

      8 Sargent Pl

      GARDEN APT, COURT APT (5+ UNITS) • 3,000 SF
      8 Sargent Pl, Durham, NC 27707-4479
      View Details
    • Value Estimation by Request
      12,585 SF

      614 Snow Crst Trl

      GARDEN APT, COURT APT (5+ UNITS) • 12,585 SF
      614 Snow Crst Trl, Durham, NC 27707-6131
      View Details
    • Value Estimation
      $210,000
      3,000 SF

      11 Welch Pl

      GARDEN APT, COURT APT (5+ UNITS) • 3,000 SF
      11 Welch Pl, Durham, NC 27707-4486
      View Details
    • Value Estimation
      $1,605,000
      3,566 SF

      2211 Morehead Ave

      GARDEN APT, COURT APT (5+ UNITS) • 3,566 SF
      2211 Morehead Ave, Durham, NC 27707-1071
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Prime Lakewood Office, 3100 sq ft
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      Durham Commercial Land Opportunity

      Prime Durham location, flexible acreage, commercial zoning.
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    • $3,500 /Mo
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      Office condominium with private entrance in a convenient location.
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      View Details
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    602 Martha St
    Durham, NC 27707-4247
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    Realmo Value Estimation

    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.

    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.

    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
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