5003 Southpark Drive, Durham, NC 27713
COMMERCIAL - Durham, NC
- Added:
- Apr 30, 2026
- Days on Market:
- 69
- Last Refresh:
- Jul 7 at 7:06 am
Property Features for 5003 Southpark Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- OI(D)
- Standard status
- Active
- APN
- 202405
- Size
- 1,386 SF
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- Southpark Office Condos/ Bldg 4/Suite 120 Type-27 Pl:Cd0007-000352
- Tax Annual Amount
- 2657
Building Details
- Year built
- 2005
- Floors in Building
- 1
- Building materials
- Brick
Listing agent Amy C Sears License #219738 (919) 815-5824
Listing office Berkshire Hathaway HomeService 921 Morreene Rd., Raleigh, NC (919) 383-4663
Listing date Apr 30, 2026
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Leased to
Overview
The property is part of the Southpark Professional Center. The center is described as convenient to I-40 and RDU Airport, serving the broader Triangle area. Additional details, including information related to the Homeowners Association, are available for interested buyers.
For buyers and investors seeking an income-producing, office-condominium structure with an in-place tenant, Suite 120 offers a defined first-floor footprint in a managed professional center. For owner-users, the current lease provides an interim operating timeline through the end of July 2029, with the tenant option to extend also noted in the remarks. Further offering details will be provided to qualified parties.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.6k | $24.96 |
| − Vacancy | −$6.1k | −$4.37 |
| EGI | $28.5k | $20.59 |
| − OpEx | −$7.1k | −$5.15 |
| NOI | $21.4k | $15.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Durham
- County
- Durham
- State
- North Carolina
- Longitude
- -78.942643
- Latitude
- 35.912488