Property profile

0 Chapel Hl Blvd & I-40 Durham, NC 27707

OFF-MARKET
Retail properties & Spaces
408,065 SF
Saved · see the list in your Dashboard

Property summary

AI-generated overview

New Hope Commons presents a unique opportunity within a thriving Durham County power center. This established retail property boasts a total of 408,065 square feet and offers a single, immediately available suite measuring 900 square feet. Ideal for a variety of commercial uses, the space is particularly well-suited for businesses catering to the affluent and highly educated demographics of Durham and Chapel Hill. The property's strategic location within New Hope Commons ensures high visibility and accessibility, benefiting from ample parking with 2,126 spaces available for customers and employees. The existing tenant mix within the larger center creates a synergistic environment, fostering a strong customer base. This 900 square foot space represents a chance to establish or expand a business in a prime location within a well-established and successful retail center. The property is categorized as a commercial space, previously used as a hair salon, offering flexibility for various commercial ventures. The substantial size of the overall center, coupled with the available parking, ensures a comfortable and convenient shopping experience for patrons. This is an exceptional opportunity to secure a retail space in a high-demand area.

Property profile

Verified
Property type Retail properties & Spaces
Total area 408,065 SF

Cap rate & NOI

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

Location

Chapel Hl Blvd & I-40 Durham, NC 27707
Durham metro
Google Maps

Value estimations

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

Owner & transaction history

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Chapel Hl Blvd & I-40?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message