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Property profile & analytics
FOR LEASE
Grocery and convenience stores

1000 N Miami Blvd Durham, NC 27703

106,427 SF 9.05 ac lot Built 1971
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US53-1420873
Property summary
AI-generated overview

The Village, a thriving 215,453 square foot community center in Durham, NC, presents a compelling investment opportunity. Built in 1959 and renovated in 1988, this multi-tenant property boasts a prime location at the intersection of N. Miami Blvd and Holloway Street (Business Hwy 70 and NC 98), ensuring high visibility and accessibility. Ample parking is available with 963 spaces to accommodate shoppers and employees. The center is anchored by strong national and local tenants, including Aarons, the US Post Office, Maxway, Family Dollar, Sunny Beauty Supply, Citi Trends, Boost Mobile, H&R Block, and Subway, creating a diverse and well-established tenant mix. Located in Durham County, this property benefits from a robust local economy and significant foot traffic. The center's established presence and strong tenant occupancy make it an attractive investment for those seeking a stable and high-performing retail asset. This property offers a unique opportunity to acquire a well-positioned, established retail center in a growing market. The property is situated at 1000 N Miami Blvd, Durham, NC 27703.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1971
Total area 106,427 SF
Lot 9.05 ac (394,218 SF)
Zoning code CC,CN
APN 120851
UPID US53-1420873
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. William Plonk, MD Primary Care Physician Geriatric Care Provider
  • Premier Chiropractic Alternative Medicine Practice
  • Family Dollar Discount Store
  • Armstrong Dadson, NP Physician
  • NC Phone Fixer Computer & Electronic Repair Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.51M
Blend (final) Blend
$10.18M
Owner & transaction history
Village Realty LLC · 21 yrs held
Village Realty LLC
since 2004
1 recorded transaction
2004
Price N/A
Zoning & alternative use
CC,CN · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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