Southpoint Professional Center Office
For Sale
Contact for pricing
Pending
249 E Nc Hwy 54- Suite 100, Durham, NC 27713
Office space in Durham, close to Chapel Hill and RTP.
Property Size8,986 SF
Days on Market691
Property Features for 249 E Nc Hwy 54- Suite 100
General Information
Standard status
Pending
Size
8,986 SF
Property subtype
Office
Zoning
Office and Institutional
Occupancy
100%
Lease Type
NNN
Listing Agency:
Borden Real Estate LLC
Listed By:
Robert Lacy · License #NC 218456
(919) 641-4647
Source:
Crexi
Added: Nov 13, 2024
Changed: Sep 11
Last Checked: Oct 4 at 9:31AM
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 Borden Real Estate LLC
Investment Insights
Based on property information with market context.
Southpoint Professional Center offers office space in an accessible location minutes from Chapel Hill, Hillsborough, and Research Triangle Park. The property is positioned along the I-40 corridor, offering convenient access to RDU International Airport and other key access points. The property contains 8,986 square feet.
Key Highlights
- Unparalleled location minutes from Chapel Hill, Hillsborough, and Research Triangle Park.
- Close proximity to RDU International Airport.
- Key access points along the I‑40 corridor.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,780
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,775,600
$2.8M
Cap Rate 7%
$1,982,571
$2.0M
Cap Rate 9%
$1,542,000
$1.5M
Market Conditions
NOI Build-Up for 8,986 SF
Gross rent
$224.3K $24.96/SF
− Vacancy
−$39.3K −$4.37/SF
EGI
$185.0K $20.59/SF
− OpEx
−$46.3K −$5.15/SF
NOI
$138.8K $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%
$2,775,600
Cap Rate 7%
$1,982,571
Cap Rate 9%
$1,542,000
Alternative Uses
Best Use
Office B
$1.98M
$1.73M – $2.31M
NOI $138,780 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.90M
$2.54M – $3.39M
NOI $203,118 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
118
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 - Office space in Durham, close to Chapel Hill and RTP.
Where is this office building located?
The property is located at 249 E Nc Hwy 54- Suite 100 Durham, NC.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Unparalleled location minutes from Chapel Hill, Hillsborough, and Research Triangle Park.; Close proximity to RDU International Airport.; Key access points along the I‑40 corridor.
