8210 Renaissance PkwyDurham, NC 27713

Property Details for 8210 Renaissance Pkwy

Year built

2005

Lot size

16.55 AC

Property size (Sq ft)

175,918 SF

Zone code

MU(D)

Property type

Retail properties

Property subtype

Retail space

APN

143571

APU

143571

Description

Renaissance Village, located at 8210 Renaissance Pkwy, Durham, NC 27713, presents a significant retail opportunity. This mixed-use development boasts a total of 163,162 square feet of retail space, currently featuring one available unit of 1,450 square feet. Strategically positioned between two major Interstate 40 exits in Durham County, the property benefits from exceptional visibility and accessibility, ensuring high traffic volume. Its proximity to the Streets at Southpoint Mall further enhances its desirability within a rapidly expanding area of Durham. The surrounding demographics are exceptionally strong, with an average household income exceeding $117,559 within a three-mile radius. A remarkable 74.7% of households in this area earn over $50,000 annually, indicating a robust consumer base for retail businesses. This prime location offers unparalleled potential for businesses seeking high visibility and access to a thriving consumer market. The available 1,450 square foot space presents an ideal opportunity for a variety of retail uses. Contact us today to learn more about this exceptional retail property.

• CAP approach

  CAP return

  Valuation

  6%

  $53,466,876

  6.5%

  $49,354,040

  7%

  $45,828,752

• Comparable approach

  Method

  Valuation

  Relative Method

  $101,758,152

  Geo Method

  $101,758,152

• Alternative Use

  Use

  Valuation

  Residential

  $41,631,980

  Hospitality

  $38,134,668

  Educational

  $31,727,596

  Medical

  $32,818,758

  Retail

  $49,354,040

Location Insight

City

Durham

County

Durham

State

North Carolina

Latitude

35.9031

Longitude

-78.9562

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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