Property profile

5324 New Hope Commons Dr Durham, NC 27707

OFF-MARKET
Retail properties & Spaces
11,000 SF
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Property summary

AI-generated overview

This exceptional 2,350 square foot retail space is located at 5324 New Hope Commons Drive in Durham, North Carolina, within the bustling Durham/Chapel Hill market. Situated in Durham County, zip code 27707, this property offers a prime opportunity for businesses seeking high visibility and convenient access. The entire building encompasses 11,000 square feet, with the available space previously used as a karate studio. This adaptable space is perfect for a variety of retail uses and is immediately available. The minimum divisible space is 2,350 square feet, matching the currently vacant area. The property is classified as retail, with a subtype of retail or assembly, and is suitable for multiple tenants. Its location in a high-traffic area ensures significant foot traffic and exposure, making it an ideal location for businesses looking to establish a strong presence in the vibrant Durham market. The property's address is easily accessible and offers ample parking for customers and employees. This is a rare opportunity to secure a well-located retail space in a thriving commercial area. Contact us today to schedule a viewing and explore the possibilities.

Property profile

Verified
Property type Retail properties & Spaces
Total area 11,000 SF

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
  • Sports School
  • Financial Advisor
  • Nail Salon
  • Furniture & Home Goods
  • Nail Salon

Location

5324 New Hope Commons Dr Durham, NC 27707
Durham metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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