Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    331 Main St Durham, NC 27707

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Iconic Snow Building: Executive Suites Available

    Lot size:
    25,678 SF

    Property Features for 331 Main St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,678 SF
    Class
    B
    Total Rate
    69544.58

    Building Details

    Year Built
    1933
    Stories
    6

    Spaces For Lease

    at 331 Main St, Durham, NC 27707 Contact us
    Unit Suite 505

    $32 /Mo

    Size
    480 SF
    Contact us
    Unit Suite 605/606

    $32 /Mo

    Size
    480 SF
    Contact us
    Unit Suite 208

    $32 /Mo

    Size
    588 SF
    Contact us
    Unit Suite 507

    $32 /Mo

    Size
    600 SF
    Contact us
    Unit Suite 103

    $35 /Mo

    Size
    593 SF
    Contact us
    Unit Suite 402

    $32 /Mo

    Size
    240 SF
    Contact us
    Unit Suite 511

    $32 /Mo

    Size
    495 SF
    Contact us
    Unit Suite 608

    $32 /Mo

    Size
    615 SF
    Contact us
    Unit Suite 502

    $32 /Mo

    Size
    240 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Garrett Lewis
    Garrett Lewis

    Listing Agency: Trinity Partners Listing Agent: Garrett Lewis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    The Snow Building, a six-story, 25,678 square foot mixed-use property located at 331 W Main St, Durham, NC 27707, offers exceptional executive office space in Durham County. Built in 1933, this Class B building boasts a rich history and Art Deco architectural style, thoughtfully preserved through recent renovations. Tenants can choose from available spaces ranging from 240 to 615 contiguous square feet, with a total of 4,091 square feet currently vacant. The building's prime location places it within Durham's vibrant entertainment and cultural district, providing easy access to numerous amenities and attractions. The Snow Building offers a unique blend of historical charm and modern functionality, making it an ideal location for businesses seeking a prestigious address in the heart of downtown Durham. Multiple tenancies are available, providing flexibility for businesses of various sizes. This iconic building also features a rooftop penthouse, adding to its unique appeal. The minimum divisible space is 240 square feet, perfect for smaller businesses, while larger tenants can occupy up to 615 contiguous square feet. This property presents a rare opportunity to lease space in one of Durham's most desirable locations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tobacco Road Technologies Data Center New Outlook Second ... Charitable Organization Triangle Jobs With ... Food Bank Black Family Land ... Charitable Organization Walton Dumpster Rental Waste Management Facility

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.903732
    Latitude
    35.996504

    Nearby Similar for Lease

    • $3,000 /Mo
      2,400 SF

      Versatile Office/Medical Space Available

      2400 sq ft office/medical suite in prime Durham location.
      3925 N Duke St, Durham, NC 27704
      View Details
    • $1,500 /Mo
      478 SF

      Durham Office Condo For Lease

      Recently remodeled office condo with easy access and great location.
      3201 Yorktown Ave, Durham, NC 27713
      View Details
    • $1,995 /Mo
      1,000 SF

      Office Space Near Universities

      Office space in Durham, close to amenities and universities.
      1804 Martin Luther King Junior Pkwy, Durham, NC 27707
      View Details
    • $3,232 /Mo
      1,168 SF

      Retail Space Near RTP

      Retail space in a vibrant neighborhood center near RTP.
      5125 Nc-55, Durham, NC 27713
      View Details
    • $3,500 /Mo
      2,000 SF

      Office Condo in Durham's Office Park

      Office condominium with private entrance in a convenient location.
      6 Consultant Pl, Durham, NC 27707
      View Details
    • New
      Contact for pricing

      RTP Meridian

      Discover many ways to work your way in RTP Meridian
      2530 Floors, Durham, NC 27713
      View Details
    • New
      Contact for pricing

      RTP Imperial

      Discover many ways to work your way in RTP Imperial
      4819 Emperor Blvd, Durham, NC 27703
      View Details
    • Contact for pricing

      NC, Durham - Spaces Mangum Street

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      555 Mangum St, Durham, NC 27701
      View Details
    • Sponsored
      Contact for pricing

      NC, Durham - 3511 Shannon Road

      Workspaces, services and support to help you work better in Shelton
      3511 Shannon Rd, Durham, NC 27707
      View Details
    • $45,045
      2,145 SF

      Durham Office Space For Lease

      Flexible office unit with ample parking and recent upgrades.
      1906 A, Durham, NC 27713
      View Details
    • $36,000
      1,760 SF

      Office Suite with Private Offices

      Office suite featuring multiple private office spaces for rent.
      5315 Highgate Dr, Durham, NC 27713
      View Details
    • $18 SF/Yr
      Pending

      Prime Medical Office Space Available

      Versatile medical/office space in Durham's thriving North Duke corridor.
      2609 N Duke St Unit Bldg 300, Durham, NC 27704
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Iconic Snow Building: Executive Suites Available
    Where is this office property / space located?
    The property is located at 331 Main St Durham, NC.
    What is the lease rate?
    The lease rate is $0.00-$35 SF/Yr.
    What are key features of this property?
    This property features: 120-720 SF suites available.; Perfect for small businesses and startups.; Historic 1930s Art Deco building with terrazzo floors and modern updates.
    (919) 674-3677 Call to check price and availability
    Request Owner's contact information
    331 Main St Durham, NC 27707
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    331 Main St
    Durham, NC 27707
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    331 Main St Durham, NC 27707
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Garrett Lewis
    Garrett Lewis
    Real Estate License ID: 331781
    (919) 674-3677
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!