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    4311 Miami Blvd Durham, NC 27703

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    For Lease
    Contact for pricing

    High-Visibility Retail Space Available

    Lot size:
    3,952 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 5,404 square foot retail strip center, located at the intersection of Highway 54 and Miami Boulevard, presents a unique opportunity. The property, currently fully vacant at 3,952 square feet, boasts exceptional road visibility and is situated at the gateway to the Research Triangle Park, a major employment hub. Benefit from strong demographics, with an estimated 141,213 residents and an average household income of $140,560 within a 5-mile radius (2023 estimates). The center's strategic location ensures high traffic volume and exposure, enhanced by its proximity to popular restaurants. This prime retail space offers significant potential for businesses seeking a high-traffic location within a thriving community. The property is classified as a multi-tenant retail strip center in Durham County, North Carolina. The entire 3,952 square feet is available for lease, providing a blank canvas for a variety of retail concepts. This is an exceptional opportunity to establish a presence in a high-growth area with a strong consumer base. The property's visibility and location within the Research Triangle Park make it an ideal choice for businesses seeking maximum exposure and access to a large workforce.

    Property Features for 4311 Miami Blvd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,952 SF

    Unit(s) available at that property

    Space
    A-A1
    Size
    3,952 SF

    HighLights

    • Strong demographics: 141,213 residents within a 5‑mile radius (2023 estimate).*
    • High average household income: $140,560 within a 5‑mile radius (2023 estimate).*
    • 5,404 SF retail strip center at the entrance to Research Triangle Park (RTP), located at Hwy 54 and Miami Blvd.
    • High‑visibility location with strong co‑tenancy and proximity to RTP's major employment center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Restaurant Realty agency Law Firm Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Pharmacy Gym & Fitness Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.849828
    Latitude
    35.880635

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    FAQs

    What type of property is this?
    Neighborhood center - High-Visibility Retail Space Available
    Where is this neighborhood center located?
    The property is located at 4311 Miami Blvd Durham, NC.
    What are key features of this property?
    This property features: Strong demographics: 141,213 residents within a 5-mile radius (2023 estimate).*; High average household income: $140,560 within a 5-mile radius (2023 estimate).*; 5,404 SF retail strip center at the entrance to Research Triangle Park (RTP), located at Hwy 54 and Miami Blvd.
    Request Owner's contact information
    4311 Miami Blvd Durham, NC 27703
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    Durham, NC 27703
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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
    4311 Miami Blvd Durham, NC 27703
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