Property profile

725 Iredell St Durham, NC 27705

OFF-MARKET
Retail space
Property ID
US53-0245199
5,884 SF 0.41 ac lot Built 2005
Entity Owned 2-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 5,884 SF
Lot 0.41 ac (17,860 SF)
Zoning code CD-S1
APN 101864
UPID US53-0245199

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
  • Industrial Manufacturer Production Facility
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store

Location

725 Iredell St Durham, NC 27705-4804
Durham metro Census 402 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.31M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.36M
Blend (final) Blend
$2.31M

Owner & transaction history

since 2023
Last sale
$1.9M
2 recorded transactions
2023
$1.9M
2004
Price N/A

Zoning & alternative use

CD-S1 · Durham, NC
Zoning description

The Compact Design (CD) District is intended to encouragedevelopmentof appropriate urbanstreetscapeand form through bicycling, pedestrian, and transit-orienteddevelopmentthrough various sub-districts similar to the Downt…

General category COMMERCIAL
Top alternative use upside
Apartment house (5+ units) $2.9M +103.7%
Restaurant $2.5M +73.7%
Auto repair, garage $1.7M +18.7%

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
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