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Property profile

101 W Main St Durham, NC 27701

FOR LEASE
Specialty properties
Property ID
US53-1219928
19,054 SF 0.2 ac lot Built 1970
Entity Owned 5-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional executive office suite, located at 101 W Main St in Durham, NC, presents a unique opportunity for a discerning business. The entire 2,721 square foot building is currently available for lease. Built in 1932 and extensively renovated in 2006, this property boasts a blend of historic charm and modern functionality. Situated in the heart of Durham's downtown core (DD-C zoning), this location offers unparalleled access to amenities, transportation, and a vibrant business community. The single suite layout provides flexibility and privacy, ideal for a company seeking a prominent presence in the city. The property's prime location within Durham County, zip code 27701, ensures high visibility and easy accessibility for clients and employees. With its substantial square footage and recent renovations, this space is ready for immediate occupancy. This is a rare opportunity to secure a prestigious and well-maintained executive office suite in a highly desirable downtown location. The property's historical character combined with its modern updates creates a unique and sophisticated work environment.

Property profile

Verified
Property type Specialty properties
Use group PROFESSIONAL CLUBS/ASSOCIATIONS
Year built 1970
Total area 19,054 SF
Lot 0.2 ac (8,712 SF)
Zoning code DD-C
APN 102822
UPID US53-1219928

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Volunteer Organization Community Center
  • Law Firm
  • Volunteer Organization Community Center
  • Volunteer Organization Community Center
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.97M

Owner & transaction history

since 2021
3 recorded transactions
2021
$4.2M
2016
Price N/A
2016
$2.0M

Zoning & alternative use

DD-C · Durham, NC
Zoning description

The Downtown Design (DD) District is established to encourage bicycling, pedestrian, and transit-orienteddevelopmentthrough regulations appropriate to the downtown area. It focuses on the form of the private and public r…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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