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    1515 Pointe Dr Durham, NC 27705

    Sponsored
    For Lease
    $14 SF/Yr

    Prime Durham retail space, 117,906 sq ft.

    Lot size:
    117,906 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    North Pointe Shopping Center offers a premier retail opportunity in North Durham. This bustling shopping center boasts 117,906 square feet of space and is anchored by major retailers including Burlington Coat Factory, Harris Teeter, Costco, Home Depot, and PetSmart, ensuring high foot traffic and brand recognition. Strategically located near the I-85 and Guess Road interchange, the center benefits from exceptional visibility to over 104,000 vehicles daily. Its proximity to Downtown Durham, Duke University, and Duke Hospital – Durham County's largest employer – provides access to a dense concentration of residents and highly-paid professionals. A 10-minute drive-time population of 122,606 further underscores the significant market potential. Currently, Suite 128, a 7,300 square foot space, is available for lease beginning April 2025. The current tenant will occupy the space until that date. This presents a unique opportunity to secure a prominent location within a thriving retail environment. Please note that the space is currently occupied; do not disturb the current tenant during business hours. This is a multi-tenant property offering excellent visibility and access to a strong consumer base.

    Property Features for 1515 Pointe Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    117,906 SF
    Total Rate
    137557

    Unit(s) available at that property

    Space
    Suite 128
    Size
    7,300 SF
    Rate per SF
    $14

    HighLights

    • North Pointe Shopping Center is North Durham's premier retail destination.
    • Anchored by Burlington Coat Factory, Harris Teeter, Costco, Home Depot, and PetSmart.
    • Strategically located near I‑85 and Guess Road interchange.
    • Less than 10 minutes from Downtown Durham, Duke University, and Duke Hospital.
    • High visibility from I‑85, with 104,000 vehicles passing daily.
    • Serves a dense population of residents and high‑income university/medical professionals; 122,606 within a 10‑minute drive.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ross Dress for Less Department Store new fashions Clothing Store 55 Gallon Drums ... Barrel Supplier Burlington Men'S Clothing Store Amazon Locker - Indication Mailing Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.9160059
    Latitude
    36.0269736

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    FAQs

    What type of property is this?
    Retail property - Prime Durham retail space, 117,906 sq ft.
    Where is this retail property located?
    The property is located at 1515 Pointe Dr Durham, NC.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: North Pointe Shopping Center is North Durham's premier retail destination.; Anchored by Burlington Coat Factory, Harris Teeter, Costco, Home Depot, and PetSmart.; Strategically located near I-85 and Guess Road interchange.
    Request Owner's contact information
    1515 Pointe Dr Durham, NC 27705
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    Durham, NC 27705
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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
    1515 Pointe Dr Durham, NC 27705
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