Entity Owned 
For Lease
Property summary
This 11,896 square foot, single-story shopping center in Durham, NC, presents a compelling investment opportunity. Located at 3205 University Dr, this stabilized asset boasts a 7.10% cap rate and a pro-forma cap rate of 8.30%. Built in 1967 and renovated in 2001, the property features 53 parking spaces and sits on a 1.19-acre lot. Currently 100% occupied with multiple tenants, including a Domino's Pizza, the center benefits from recent capital improvements including new HVAC, parking lot… resurfacing, and landscaping. Its prime location in South Durham, near Duke University, Research Triangle Park, and I-40, offers exceptional access to a high-income demographic. The surrounding area shows strong retail performance with approximately 1,000,000 square feet of retail and 1,800 apartment units within a one-mile radius. The property's proximity to downtown Durham (three miles) and a population of 144,551 within a three-mile radius further enhances its investment potential. An adjacent one-acre parcel is also available for purchase separately. The asking price is $3,150,000.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 16 properties nearbyComparable nearby
Similar in This City for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 12,800 SF
- Lot area
- 1.19 ac
- Year built
- 2001
- Stories
- 1
- APN
- 123222
- Zoning
- CN
- Assessed value · 2024
- $1,568,480
- Annual tax · 2024
- $21,879
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2024
- $21,879
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The CN District is established to provide for modest-scale commercial centers (as defined in Article 6) in close proximity to residential areas that offer limited commercial uses to satisfy the needs of the surrounding n…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Historical Records
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