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    1804 Martin Luther King Jr Pkwy Durham, NC 27707

    Sponsored
    For Lease
    $26 SF/Yr

    Durham Office Space, 1,000 SF Available

    Lot size:
    9,992 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,000 square foot office space is located within the Madison Centre at 1804 Martin Luther King Jr Parkway, Suite 111, in Durham, North Carolina. Situated on a 2.53-acre lot, this two-story building offers a total of 9,992 square feet, with 1,000 square feet currently available for lease. The property, built in 1986, is zoned OI and features a convenient multi-tenant setup. Its prime location in the South Durham submarket provides easy access to a wealth of amenities. Enjoy the convenience of nearby shopping centers, restaurants, grocery stores, cinemas, and banks, all within walking distance. The property's strategic location also offers excellent proximity to major institutions and transportation hubs. It's just three miles from Duke University, eight miles from UNC, eight miles from Research Triangle Park, and fifteen miles from Raleigh-Durham International Airport. This versatile space is ideal for both executive office and medical office uses. The monthly lease rate is $2,200, plus utilities. The property's APN is 202809, and it's located in Durham County, North Carolina, zip code 27707. This is a fantastic opportunity to secure a well-located and functional office space in a thriving area.

    Property Features for 1804 Martin Luther King Jr Pkwy

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,992 SF
    Total Rate
    21982.4

    Building Details

    Year Built
    1986
    Stories
    2

    Unit(s) available at that property

    Space
    STE 111
    Size
    1,000 SF
    Rate per SF
    $26

    HighLights

    • 1,000 SF office suite available for lease in Durham, NC.
    • Located in the Madison Centre, 1804 Martin Luther King Jr Parkway, Suite 111.
    • Features three individual offices, spacious reception area, meeting room, handicap‑accessible bathroom, kitchenette, and ample storage.
    • $2,200/month, plus utilities.
    • Excellent South Durham location, near Duke University, Research Triangle Park, and RDU Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    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
    -78.957497
    Latitude
    35.96149

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    FAQs

    What type of property is this?
    Medical office - Durham Office Space, 1,000 SF Available
    Where is this medical office located?
    The property is located at 1804 Martin Luther King Jr Pkwy Durham, NC.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: 1,000 SF office suite available for lease in Durham, NC.; Located in the Madison Centre, 1804 Martin Luther King Jr Parkway, Suite 111.; Features three individual offices, spacious reception area, meeting room, handicap-accessible bathroom, kitchenette, and ample storage.
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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
    1804 Martin Luther King Jr Pkwy Durham, NC 27707
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