Two-Story Office
4102 Ben Franklin Blvd, Durham, NC 27704
For Sale
Contact for pricing
Vacant at sale, the functional layout supports medical or professional office occupancy.
Property Size11,300 SF
Lot Size1.50 Acres
Price / SF$289.82
Days on Market20
Property Features for 4102 Ben Franklin Blvd
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Property Use
Building Details
Year Built
Buildings
Stories
Building Size
Tenancy
Listing Agency:
Avison Young - Raleigh Durham
Listed By:
Elisabeth Legg · License #355084
Source:
Crexi
Added: Oct 21
Changed: Nov 8
Last Checked: Nov 8 at 3:28PM
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 Avison Young - Raleigh Durham
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Investment Insights
Based on property information with market context.
At 4102 Ben Franklin Boulevard, this two-story, single-tenant office building contains 11,300 square feet on 1.5 acres. Built in 2011, the vacant property has a functional layout suited to medical or professional office use. It is located within Independence Park, a North Durham campus serving medical and professional offices.
Interstate 85, U.S. 501, Interstate 885, and NC Highway 147 provide access to Durham, Raleigh, Chapel Hill, Downtown Durham, and Research Triangle Park. The surrounding area includes expanding residential communities, major employers, and healthcare systems. Traffic counts exceed 16,000 vehicles per day.
Interstate 85, U.S. 501, Interstate 885, and NC Highway 147 provide access to Durham, Raleigh, Chapel Hill, Downtown Durham, and Research Triangle Park. The surrounding area includes expanding residential communities, major employers, and healthcare systems. Traffic counts exceed 16,000 vehicles per day.
Key Highlights
- 11,300‑square‑foot, two‑story office building on 1.5 acres
- Single‑tenant configuration; vacant at sale
- Built in 2011
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,517
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,490,340
$3.5M
Cap Rate 7%
$2,493,100
$2.5M
Cap Rate 9%
$1,939,078
$1.9M
Market Conditions
NOI Build-Up for 11,300 SF
Gross rent
$282.0K $24.96/SF
− Vacancy
−$49.4K −$4.37/SF
EGI
$232.7K $20.59/SF
− OpEx
−$58.2K −$5.15/SF
NOI
$174.5K $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 Rate 5%
$3,490,340
Cap Rate 7%
$2,493,100
Cap Rate 9%
$1,939,078
Alternative Uses
Best Use
Office B
$2.49M
$2.18M – $2.91M
NOI $174,517 @ 7.0% cap · market cap 5.33%
Second Best
Healthcare Medical
$2.41M
$2.11M – $2.81M
NOI $168,415 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$3.65M
$3.19M – $4.26M
NOI $255,423 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,025
Businesses Nearby
Explore this area
Business Placement
Demographics for 27704, NC
39,532
Population
16,824
Households
2.3
Avg Household Size
36
Median Age
33%
College-Educated
85%
High-School Grad
41.4 sq mi
ZIP Area
955
Density / Sq Mi
$62,435
Median Household Income
$36,955
Median Earnings
$1,306
Median Rent
$270,000
Median Home Value
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Market
Properties on Market for Office buildings in Durham
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Vacant at sale, the functional layout supports medical or professional office occupancy.
Where is this office building located?
The property is located at 4102 Ben Franklin Blvd Durham, NC.
What is the asking price?
The asking price for this property is $3,275,000.
What are key features of this property?
This property features: 11,300‑square‑foot, two‑story office building on 1.5 acres; Single‑tenant configuration; vacant at sale; Built in 2011
