Property profile

608 Morreene Rd Durham, NC 27705

OFF-MARKET
Specialty properties
Property ID
US53-5652477
12,950 SF 1.98 ac lot Built 2007
Entity Owned 16-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Specialty properties
Use group VETERINARY, ANIMAL HOSPITAL
Year built 2007
Total area 12,950 SF
Lot 1.98 ac (86,249 SF)
Zoning code CN
APN 124656
UPID US53-5652477

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
  • Veterinary Clinic
  • Veterinary Clinic

Location

608 Morreene Rd Durham, NC 27705-2927
Durham metro Census 1706 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$585k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.11M
Blend (final) Blend
$845k

Owner & transaction history

since 2009
5 recorded transactions
2021
Price N/A
2020
Price N/A
2009
$495,000
2006
$450,000
1969
Price N/A

Zoning & alternative use

CN · Durham, NC
Zoning description

The CN District is established to provide for modest-scale commercial centers (as defined in Article 6) in close proximity to residential areas that offer limited commercial uses to satisfy the needs of the surrounding n…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $1.4M +27.8%
Industrial (general) $1.3M +16.2%
Retail stores $1.3M +14.7%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 608 Morreene Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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