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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2816 Erwin Rd Durham, NC 27705

64,997 SF Built 2004
Property ID
Property summary
AI-generated overview

Erwin Place, located at 2816 Erwin Rd in Durham, NC 27705, offers a prime retail opportunity within the South Durham submarket, close to Duke University/West Campus. This Class B property, built in 2004, comprises two four-story buildings totaling 64,997 square feet. Currently, 1,716 square feet of retail space is available for lease within this multi-tenant building. The property features ample parking for tenants and customers, enhancing convenience and accessibility. A welcoming lobby and stunning views contribute to a positive and professional atmosphere. Tenants can enjoy the benefit of outdoor gathering spaces, fostering a collaborative and engaging environment. The strategic location provides easy access to a variety of dining and shopping options, further enhancing the appeal of this property for businesses seeking a vibrant and convenient location. This property presents a unique opportunity to establish a presence in a thriving area, benefiting from the high visibility and foot traffic associated with its location near Duke University and the West Campus. The property's modern design and amenities create an inspiring and prestigious setting for businesses to flourish. The available space is ideal for a variety of retail uses.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2004
Total area 64,997 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Heavenly Buffaloes Restaurant
  • Erwin Terrace Apartment Building
  • Pho & Poke House Restaurant
  • Community Pharmacy Pharmacy
  • Edward Jones - Financial Advisor: Allen B Parker, CFP®|CIMA®|CEPA® Financial Advisor
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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