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    Community Center in Durham Title is generated by Realmo AI

    3825 S Roxboro St, Durham, NC 27713

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    Community center with pylon signage available for rent.

    Type:Retail, Restaurant
    Property size:
    113,000 SF
    Added:
    Aug 20, 2024
    Days on Market:
    651
    Last Refresh:
    May 13 at 8:05 pm

    Property Features for 3825 S Roxboro St

    General Information

    Standard status
    Active
    Size
    113,000 SF
    Property subtype
    Retail, Restaurant

    Spaces For Lease

    at 3825 S Roxboro St Contact us

    Suite 133 $20/Mo

    Size
    1,640 SF
    Type
    Retail, Restaurant
    Lease Rate: $20.00/sf + $3.00 NNNnFormer Cricket Wireless
    Contact us

    Suite 125 $20/Mo

    Size
    1,840 SF
    Type
    Retail, Restaurant
    Lease Rate: $20.00/sf + $3.00 NNN
    Contact us

    Suite 140 $20/Mo

    Size
    1,600 SF
    Type
    Retail, Restaurant
    Lease Rate: $20.00/sf + $3.00 NNN
    Contact us

    Suite 138 $20/Mo

    Size
    1,600 SF
    Type
    Retail, Restaurant
    Lease Rate: $20.00/sf + $3.00 NNNnFormer Salon
    Contact us

    Suite 136 $20/Mo

    Size
    1,600 SF
    Type
    Retail, Restaurant
    Available : 09/01/2025nLease Rate: $20.00/sf + $3.00 NNNnTemporary Office Space
    Contact us

    Suite 139 $20/Mo

    Size
    1,600 SF
    Type
    Retail, Restaurant
    LEASE RATE: $20.00/SF + $3.00 NNN
    Contact us
    Show more

    We can help!

    Listing Contact
    Vijay Shah

    Listing agent Vijay Shah License #NC157364

    Listing office TradeMark Properties

    Listing date Aug 20, 2024

    Source Crexi

    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 TradeMark Properties

    HighLights

    • High traffic location at the corner of S. Roxboro Street (8,900 AADT) and Martin Luther King Jr Parkway (29,000 AADT).
    • ±113,000 SF Community Center.
    • Anchor space being renovated by Durham County Board of Elections.
    • 5:1,000 SF parking ratio (580 Spaces).
    • Pylon signage available for rent.
    • 15 minutes from Downtown Durham, Duke University and Duke Hospital.

    Overview

    Shoppes of Hope Valley is a community center with approximately 113,000 square feet of space. The Durham County Board of Elections is currently renovating the former anchor space, which was approximately 55,000 square feet and previously occupied by Kroger. Pylon signage is available for rent. The parking ratio is 5:1,000 square feet, providing 580 spaces. The property is located at the corner of South Roxboro Street, with an average annual daily traffic of 8,900, and Martin Luther King Jr Parkway, with an average annual daily traffic of 29,000. It is located 15 minutes from Downtown Durham, Duke University, and Duke Hospital, Durham County’s largest employer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dog Galore Academy ... Animal Training Superior Insurance Insurance Agency Roslyn Muse Pharmacy N.C. Division of Motor ... Law Firm David G. Pace, ... Alternative Medicine Practice

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Hotel & Motel

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

    Similar Places Nearby

    • Shoppes of Hope Valley — 3825 S Roxboro St, Durham, NC 27713

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.9213889
    Latitude
    35.9483422

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    FAQs

    What type of property is this?
    Shopping center - Community center with pylon signage available for rent.
    Where is this shopping center located?
    The property is located at 3825 S Roxboro St Durham, NC.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: High traffic location at the corner of S. Roxboro Street (8,900 AADT) and Martin Luther King Jr Parkway (29,000 AADT).; **±113,000 SF Community Center.**; Anchor space being renovated by Durham County Board of Elections.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Vijay Shah
    Real Estate License ID: NC157364
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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