0 Chapel Hl Blvd & I-40, Durham, NC 27707
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.