Property profile

1804 Martin Luther King Jr Pkwy Durham, NC 27707

OFF-MARKET
Office Spaces
9,992 SF 2.53 ac lot Built 1986
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Property summary

AI-generated overview

This exceptional 1,000 square foot office space is located within the Madison Centre at 1804 Martin Luther King Jr Parkway, Suite 111, in Durham, North Carolina. Situated on a 2.53-acre lot, this two-story building offers a total of 9,992 square feet, with 1,000 square feet currently available for lease. The property, built in 1986, is zoned OI and features a convenient multi-tenant setup. Its prime location in the South Durham submarket provides easy access to a wealth of amenities. Enjoy the convenience of nearby shopping centers, restaurants, grocery stores, cinemas, and banks, all within walking distance. The property's strategic location also offers excellent proximity to major institutions and transportation hubs. It's just three miles from Duke University, eight miles from UNC, eight miles from Research Triangle Park, and fifteen miles from Raleigh-Durham International Airport. This versatile space is ideal for both executive office and medical office uses. The monthly lease rate is $2,200, plus utilities. The property's APN is 202809, and it's located in Durham County, North Carolina, zip code 27707. This is a fantastic opportunity to secure a well-located and functional office space in a thriving area.

Property profile

Verified
Property type Office Spaces
Year built 1986
Total area 9,992 SF
Lot 2.53 ac (110,207 SF)

Cap rate & NOI

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

Location

1804 Martin Luther King Jr Pkwy Durham, NC 27707
Durham metro
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Value estimations

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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
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