3710 University Dr Durham, NC 27707
- Office buildings
- 58,775 SF
- 6.06 lot acres
Current Use by Public Records
- Storyboard Media / Marketing Agency / Video Production Service
- Edward Jones - Financial Advisor: Nick Seligman, CFP® / Financial Consultant / Finance Broker
- Edward Jones - Financial Advisor: Marva York / Financial Consultant / Finance Broker
- North Carolina Coalition Against Domestic Violence / Non-Profit Organization / Social Services Organization
- CoVar / Software Company
Property Details for 3710 University Dr
- Year built
- 1985
- Lot size
- 6.06 lot acres
- Property size
- 58,775 SF
- Zone code
- CC,OI
- Property type
- Office buildings
- APN
- 121590
- APU
- 121590
Description
This exceptional three-story office building, totaling 58,249 square feet, presents a unique opportunity in Durham's vibrant Durham submarket. Located at 3710 University Drive, this Class B property boasts a prime location, steps away from the University Hill mixed-use development, offering unparalleled convenience and walkability to a variety of amenities including O2 Fitness and numerous restaurants and retail establishments. The building features six total suites, with multiple tenancy options ranging from a minimum of 1,571 square feet to a maximum contiguous space of 3,374 square feet. Currently, 13,548 square feet of space is available. Built in 1988, the building has recently undergone significant renovations, including a completed exterior refresh. Two move-in-ready, pre-built suites are immediately available, along with a newly added first-floor tenant hub. Further common area amenity enhancements are planned for the near future. This property offers a blend of established infrastructure and modern upgrades, making it an ideal location for businesses seeking a thriving and convenient Durham address. The building is situated in Durham County, North Carolina, with easy access via zip code 27707.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,640,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,915,000
- 6.5%
- $2,075,000
- 7%
- $1,970,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,025,000
- Geo Method
- $2,405,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,290,000
- Retail
- $1,940,000
- Mixed-Use
- $2,250,000
- Hospitality
- $2,345,000
- Educational
- $2,400,000
- Residential Income
- $2,205,000
- Energy
- $1,780,000
- Income-Based Land
- $2,250,000
- Food Service
- $2,130,000
Location Insight
- Map
- Local Demand
- City
- Durham
- County
- Durham
- State
- North Carolina
- Longitude
- -78.9502
- Latitude
- 35.9678
- CBSA code
- 20500
- CBSA name
- DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
