Two-Story Office and Medical
For Sale
$3,499,000
4400 Ben Franklin Boulevard, Durham, NC 27704
Flexible office and medical facility with elevator, ample storage, and a loading dock, including existing leased area.
Property Size21,532 SF
Price / SF$162.50
Days on Market417
Property Features for 4400 Ben Franklin Boulevard
General Information
Standard status
Active
Size
21,532 SF
Property subtype
Office
Additional Details
Business Included
Yes
Dock-High Doors
1
Building Details
Year Built
1997
Stories
2
Listing Agency:
Coldwell Banker HPW
(919) 819-1481
Listed By:
J.W. Shearin · License #265200
(919) 819-1481
Source:
Xome
Added: Jun 10, 2025
Changed: Jul 10
Last Checked: Jul 16 at 6:14AM
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 Coldwell Banker HPW
Investment Insights
Based on property information with market context.
The Wight Mansion is a distinguished two-story commercial building designed for professional, office-oriented uses. The property provides 9,135 square feet above grade and an additional 4,405 square feet below grade, supported by an elevator, ample storage, and a loading dock. Space configurations are described as adaptable for a wide variety of professional uses, with room for organizations ranging from medical practices to office suites, educational institutions, and law firms.
The building is located at 4400 Ben Franklin Boulevard in Durham, North Carolina, within Colonial Square at Independence Park in northern Durham County. The asset is offered with an additional 5,300 square feet of leased area, for a total of 21,532 square feet.
For buyers and tenants seeking a multi-functional property, the combination of vertical circulation, storage capacity, and loading access supports day-to-day operations across office and medical applications. The presence of 5,300 square feet currently leased provides a measure of continuity within the building, and the leased area generated income of $227,739 for 2024 as provided in the offering details.
The building is located at 4400 Ben Franklin Boulevard in Durham, North Carolina, within Colonial Square at Independence Park in northern Durham County. The asset is offered with an additional 5,300 square feet of leased area, for a total of 21,532 square feet.
For buyers and tenants seeking a multi-functional property, the combination of vertical circulation, storage capacity, and loading access supports day-to-day operations across office and medical applications. The presence of 5,300 square feet currently leased provides a measure of continuity within the building, and the leased area generated income of $227,739 for 2024 as provided in the offering details.
Key Highlights
- Wight Mansion: two‑story office/medical building in Colonial Square at Independence Park (northern Durham County).
- Total size of 21,532 SF: 9,135 SF above grade plus 4,405 SF below grade, with 5,300 SF currently leased.
- Includes an elevator, ample storage, and a loading dock to support office, medical, or other professional uses.
Financial Insights For Healthcare Medical
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 | $581.4k | $27.00 |
| − Vacancy | −$46.5k | −$2.16 |
| EGI | $534.9k | $24.84 |
| − OpEx | −$213.9k | −$9.94 |
| NOI | $320.9k | $14.90 |
21,532 SF · lease $27.00/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Office B
$4.75M
$4.16M – $5.54M
NOI $332,540 @ 7.0% cap · market cap 9.50%
Second Best
Healthcare Medical
$4.58M
$4.01M – $5.35M
NOI $320,913 @ 7.0% cap · market cap 9.17%
Theoretical Best
Office A
$6.95M
$6.08M – $8.11M
NOI $486,705 @ 7.0% cap · market cap 13.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
976
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
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 - Flexible office and medical facility with elevator, ample storage, and a loading dock, including existing leased area.
Where is this office building located?
The property is located at 4400 Ben Franklin Boulevard Durham, NC.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: Wight Mansion: two‑story office/medical building in Colonial Square at Independence Park (northern Durham County).; Total size of 21,532 SF: 9,135 SF above grade plus 4,405 SF below grade, with 5,300 SF currently leased.; Includes an elevator, ample storage, and a loading dock to support office, medical, or other professional uses.
