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    5318 New Hope Cmns Dr Durham, NC 27707

    For Lease
    Contact for pricing

    Prime Durham retail shop, 3600 sq ft available.

    Lot size:
    3,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail property, known as Indigo Corners, presents a unique opportunity for businesses seeking a prominent location in Durham, North Carolina. Situated at 5318 New Hope Commons Drive, zip code 27707, this multi-tenant retail space offers a total of 3,600 square feet, currently entirely vacant and ready for immediate occupancy. The property is classified as a shop within the retail sector and is located in Durham County. The entire 3,600 square feet is available for lease, providing ample space for a variety of retail concepts. This presents a blank canvas for a business to create a customized retail environment. The property's address offers excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers. The precise latitude and longitude coordinates are 35.9555506, -78.9934835. This is an ideal opportunity for a business looking to establish or expand its presence in a thriving Durham market. The property's size and location make it suitable for a wide range of retail uses. Interested parties are encouraged to inquire further to explore the possibilities this exceptional space offers. The property is ready for immediate occupancy.

    Property Features for 5318 New Hope Cmns Dr

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,600 SF

    Unit(s) available at that property

    Space
    102B
    Size
    2,328 SF

    HighLights

    • 3,600 SF former McAlister's Deli available for lease.
    • Strong co‑tenancy includes Verizon, Mattress Firm, Play It Again Sports, Starbucks, and Carrabbas.
    • Excellent highway access via Highway 15‑501.
    • Nearby anchor tenants include Dick's Sporting Goods, Walmart, Marshalls, Buy Buy Baby, Old Navy, Best Buy, and Ashley Furniture.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.9934835
    Latitude
    35.9555506

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    FAQs

    What type of property is this?
    Individual retail property - Prime Durham retail shop, 3600 sq ft available.
    Where is this individual retail property located?
    The property is located at 5318 New Hope Cmns Dr Durham, NC.
    What are key features of this property?
    This property features: 3,600 SF former McAlister's Deli available for lease.; Strong co-tenancy includes Verizon, Mattress Firm, Play It Again Sports, Starbucks, and Carrabbas.; Excellent highway access via Highway 15-501.
    Request Owner's contact information
    5318 New Hope Cmns Dr Durham, NC 27707
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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
    5318 New Hope Cmns Dr Durham, NC 27707
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