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    Leased First-Floor Office Condominium Title is generated by Realmo AI

    5003 Southpark Drive, Durham, NC 27713

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    For Sale
    $389,000

    COMMERCIAL - Durham, NC

    Type:Office
    Property size:
    1,386 SF
    Price / SF:
    $280/SF
    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

    We can help!

    Contact an agent
    Amy C Sears

    Listing agent Amy C Sears License #219738

    Listing office Berkshire Hathaway HomeService 921 Morreene Rd., Raleigh, NC

    Listing date Apr 30, 2026

    MLS# 10164311

    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

    This offering is a first-floor office condominium located in Building 5003 within Southpark Professional Center. The unit is identified as Suite 120 and is currently leased to the U.S. government for a Naval Officer Recruitment. The existing lease term ends in July 2029, and the tenant has an option to stay, having remained in place since the lease commenced in 2005.

    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
    1,386 SF · lease $24.96/SF/yr · vacancy 17.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $305.8K
    $267.6K – $356.8K (±1% cap)
    NOI $21,405 @ 7.0% cap · market cap 5.50%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $447.6K
    $391.6K – $522.2K (±1% cap)
    NOI $31,329 @ 7.0% cap · market cap 8.05%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    AVANT Group LLC Employment Agency Kreger Realty Real Estate Agency Sayre & Potter LLC Psychotherapist Carla S. Batenga, ... Psychotherapist Cooperative Solar LLC Production Facility

    Suggested Use

    Building Supply Law Firm Kitchen & Bath Showroom Big Box & Wholesale Store Food Market Grocery & Convenience Store Grocery & Convenience Store Hotel & Motel Storage Facility Home Appliance Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.942643
    Latitude
    35.912488

    FAQs

    What type of property is this?
    Office units - First-floor office condominium in Southpark Professional Center, currently leased through July 2029 with tenant option to renew.
    Where is this office units located?
    The property is located at 5003 Southpark Drive Durham, NC.
    What is the asking price?
    The asking price for this property is $389,000.
    What are key features of this property?
    This property features: Leased to
    More about this property
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