Durham Office Near Highway
For Sale
$750,000
3219 Guess, Durham, NC 27705
Office property close to Highway 85, Duke, and RTP.
Property Size1,600 SF
Price / SF$468.75
Days on Market436
Property Features for 3219 Guess
General Information
Standard status
Active
Size
1,600 SF
Taxes and HOA fees
Annual Taxes
$1,821
Building Details
Year Built
1937
Listing Agency:
LING WU
Listed By:
LING WU
Source:
Corcoran
Added: May 26, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 LING WU
Investment Insights
Based on property information with market context.
This 1,600-square-foot property is located close to Highway 85, Duke University, Research Triangle Park (RTP), and major shopping centers. Situated with road frontage on Guess Road, the property includes a half-acre lot. It is suitable for various uses, including home occupation, medical, dental, attorney, or accounting offices.
Key Highlights
- Convenient location near Hwy 85, Duke University, and Research Triangle Park (RTP).
- Suitable for business or residential use.
- High‑visibility road frontage on Guess Road.
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 | $39.9k | $24.96 |
| − Vacancy | −$7.0k | −$4.37 |
| EGI | $32.9k | $20.59 |
| − OpEx | −$8.2k | −$5.15 |
| NOI | $24.7k | $15.44 |
1,600 SF · lease $24.96/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$353.0K
$308.9K – $411.8K
NOI $24,710 @ 7.0% cap · market cap 3.29%
Second Best
Healthcare Medical
$340.7K
$298.1K – $397.4K
NOI $23,846 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$516.7K
$452.1K – $602.8K
NOI $36,166 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27705, NC
50,472
Population
24,108
Households
2.1
Avg Household Size
34
Median Age
62%
College-Educated
91%
High-School Grad
42.1 sq mi
ZIP Area
1,199
Density / Sq Mi
$71,153
Median Household Income
$43,138
Median Earnings
$1,422
Median Rent
$398,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Office property close to Highway 85, Duke, and RTP.
Where is this medical office space located?
The property is located at 3219 Guess Durham, NC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Convenient location near Hwy 85, Duke University, and Research Triangle Park (RTP).; Suitable for business or residential use.; High‑visibility road frontage on Guess Road.
