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    249 Nc Hwy 54- – Durham, NC 27713

    Sponsored
    For Sale
    $2,995,000

    Durham, NC Medical Office Building - High Occupancy

    Property size:
    8,986 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fully occupied, 8,986 square foot medical office condo located at 249 E NC Hwy 54, Suite 100, Durham, NC 27713. The property, known as Southpoint Professional Center I, boasts a strong 6.63% capitalization rate and a current Net Operating Income (NOI) of $198,503. The building is currently 100% occupied, with two recently secured triple net leased suites. These leases include a 3% annual escalation clause, ensuring consistent income growth. The property is ideally situated within a thriving medical and healthcare community, surrounded by established medical, dental, and health practices. Detailed financial information, including the Certificate of Occupancy budget, is available upon execution of a Non-Disclosure Agreement (NDA). This is a rare chance to acquire a stable, high-performing medical office asset in a prime Durham location. The asking price is $2,995,000. Don't miss this opportunity to add a valuable asset to your portfolio.

    Property Features for 249 Nc Hwy 54- –

    General Information

    Property type
    Medical offices
    Square Feet
    8,986 SF

    HighLights

    • 8,986 SF medical office condo, 100% occupied, divided into two triple‑net leased suites.
    • Strong medical office park location with established medical and dental practices.
    • $198,503 annual net operating income (NOI) with 3% annual escalations.
    • Comprehensive lease and operating expense information available under NDA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.91972
    Latitude
    35.89322

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    FAQs

    What type of property is this?
    Medical office - Durham, NC Medical Office Building - High Occupancy
    Where is this medical office located?
    The property is located at 249 Nc Hwy 54- – 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: 8,986 SF medical office condo, 100% occupied, divided into two triple-net leased suites.; Strong medical office park location with established medical and dental practices.; $198,503 annual net operating income (NOI) with 3% annual escalations.
    Request Owner's contact information
    249 Nc Hwy 54- – Durham, NC 27713
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    Durham, NC 27713
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    249 Nc Hwy 54- – Durham, NC 27713
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