1515 Pointe DrDurham, NC 27705

Property Details for 1515 Pointe Dr

Year built

2002

Lot size

14.22 AC

Property size (Sq ft)

117,352 SF

Zone code

CG(D)

Property type

Retail properties

Property subtype

Super regional malls

APN

126268

APU

126268

Description

North Pointe Shopping Center offers a premier retail opportunity in North Durham. This bustling shopping center boasts 117,906 square feet of space and is anchored by major retailers including Burlington Coat Factory, Harris Teeter, Costco, Home Depot, and PetSmart, ensuring high foot traffic and brand recognition. Strategically located near the I-85 and Guess Road interchange, the center benefits from exceptional visibility to over 104,000 vehicles daily. Its proximity to Downtown Durham, Duke University, and Duke Hospital – Durham County's largest employer – provides access to a dense concentration of residents and highly-paid professionals. A 10-minute drive-time population of 122,606 further underscores the significant market potential. Currently, Suite 128, a 7,300 square foot space, is available for lease beginning April 2025. The current tenant will occupy the space until that date. This presents a unique opportunity to secure a prominent location within a thriving retail environment. Please note that the space is currently occupied; do not disturb the current tenant during business hours. This is a multi-tenant property offering excellent visibility and access to a strong consumer base.

• CAP approach

  CAP return

  Valuation

  6%

  $25,785,640

  6.5%

  $23,802,128

  7%

  $22,101,976

• Comparable approach

  Method

  Valuation

  Relative Method

  $67,881,184

  Geo Method

  $67,881,184

• Alternative Use

  Use

  Valuation

  Residential

  $20,077,986

  Hospitality

  $18,391,328

  Educational

  $15,301,368

  Medical

  $15,827,606

  Retail

  $23,802,128

Location Insight

City

Durham

County

Durham

State

North Carolina

Latitude

36.0272

Longitude

-78.9164

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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