Three-Building Office
For Sale
$2,895,000
2222 Sedwick Rd., Durham, NC 27713
Headquarters-oriented office property with on-site parking and convenient access to Research Triangle destinations.
Property Size17,074 SF
Lot Size1.40 Acres
Price / SF$170.29
Days on Market67
Property Features for 2222 Sedwick Rd.
General Information
Standard status
Active
Size
17,074 SF
Class
B
Lot size
1.40 Acres
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Building Size
17,074 SF
Year Built
2001
Buildings
3
Listing Agency:
(919) 225-4778
Listed By:
Chris Burnham
(919) 225-4778
Source:
Maverickpartners
Added: Jun 25
Changed: Aug 30
Last Checked: Aug 30 at 2:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chris Burnham
Investment Insights
Based on property information with market context.
This office property comprises three buildings totaling 17,000 SF on a 1.4-acre site. Constructed in 2001, the complex is positioned for a company seeking a headquarters setting with dedicated on-site parking and a balance of privacy and accessibility.
The property is located in Durham near Research Triangle Park, HUB RTP, Boxyard RTP, I-40, and Apple's 280-acre campus. Each of those destinations is within five minutes, while Duke, downtown Durham, and RDU are each 15 minutes or less away. A neighboring property at 4921 Prospectus Dr. is also available, creating the potential to acquire additional land in the same area.
The property is located in Durham near Research Triangle Park, HUB RTP, Boxyard RTP, I-40, and Apple's 280-acre campus. Each of those destinations is within five minutes, while Duke, downtown Durham, and RDU are each 15 minutes or less away. A neighboring property at 4921 Prospectus Dr. is also available, creating the potential to acquire additional land in the same area.
Key Highlights
- 17,000 SF office complex across three buildings
- 1.4‑acre site with plenty of on‑site parking
- Built in 2001
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$262,548
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,250,960
$5.3M
Cap Rate 7%
$3,750,686
$3.8M
Cap Rate 9%
$2,917,200
$2.9M
Market Conditions
NOI Build-Up for 17,000 SF
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.
Gross rent
$424.3K $24.96/SF
− Vacancy
−$74.3K −$4.37/SF
EGI
$350.1K $20.59/SF
− OpEx
−$87.5K −$5.15/SF
NOI
$262.5K $15.44/SF
Area
Durham, NC
Vacancy
17.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,250,960
Cap Rate 7%
$3,750,686
Cap Rate 9%
$2,917,200
Alternative Uses
Best Use
Office B
$3.75M
$3.28M – $4.38M
NOI $262,548 @ 7.0% cap · market cap 9.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.49M
$4.80M – $6.40M
NOI $384,264 @ 7.0% cap · market cap 13.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
Explore this area
Business Placement
Demographics for 27713, NC
54,988
Population
26,266
Households
2.1
Avg Household Size
36
Median Age
65%
College-Educated
96%
High-School Grad
35.4 sq mi
ZIP Area
1,553
Density / Sq Mi
$96,900
Median Household Income
$56,918
Median Earnings
$1,460
Median Rent
$380,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Headquarters-oriented office property with on-site parking and convenient access to Research Triangle destinations.
Where is this office building located?
The property is located at 2222 Sedwick Rd. Durham, NC.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: 17,000 SF office complex across three buildings; 1.4‑acre site with plenty of on‑site parking; Built in 2001
