Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1000 Parliament Ct Durham, NC 27703

    • Warehouses
    • 169,520 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2099231
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • US Wholesale Vapor / Big Box & Wholesale Store
    • Whisky River - Terminal 2-Gate 14 - RDU airport / Grocery & Convenience Store / Food Market
    • STERIS / Corporate Office
    • SRS Building Products / Big Box & Wholesale Store
    • Intechra Inc / Recycling Center / Waste Management Facility

    Property Details for 1000 Parliament Ct

    Property size
    169,520 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This Class A Durham warehouse, located at 1000 Parliament Ct, Suite 200, offers 32,320 square feet of immediately available space within a larger 169,520 square foot building. The property features a desirable location in the RTP submarket, boasting 21-foot clear ceiling heights, excellent access with four dock-high doors (one equipped with an Early Order Delivery leveler) and two drive-in doors (measuring 12' x 14'). The warehouse also includes 2,162 square feet of office space. Additional features include 400 amps of available power, a calculated sprinkler system, and the option for an LED lighting upgrade. The building's column spacing is 40' x 40', and the building depth is 202 feet. This multi-tenant building provides ample space for various distribution and warehousing needs. The property also benefits from fenced outside storage. This exceptional space is perfect for businesses seeking efficient and modern industrial facilities in a prime Research Triangle Park location. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Wilkes
    State
    North Carolina
    Longitude
    -78.8375
    Latitude
    35.8718

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      2410 Angier Ave

      Self storage facilities • 5,000 SF
      2410 Angier Ave, Durham, NC 27703
      View Details
    • Value Estimation by Request
      264,590 SF

      4820 Emperor Blvd

      Life science properties • 264,590 SF
      4820 Emperor Blvd, Durham, NC 27703
      View Details
    • Value Estimation by Request
      272,937 SF

      3508 Tricenter Blvd

      Distribution properties • 272,937 SF
      3508 Tricenter Blvd, Durham, NC 27703
      View Details
    • Value Estimation
      $49,030,000
      456,072 SF

      1951 Tw Alexander Dr

      WAREHOUSE, STORAGE • 456,072 SF
      1951 Tw Alexander Dr, Durham, NC 27703-0397
      View Details
    • Value Estimation by Request
      132,333 SF

      2933 Miami Blvd

      WAREHOUSE, STORAGE • 132,333 SF
      2933 Miami Blvd, Durham, NC 27703-8025
      View Details
    • Value Estimation
      $27,875,000
      269,192 SF

      4062 Stirrup Crk Dr

      WAREHOUSE, STORAGE • 269,192 SF
      4062 Stirrup Crk Dr, Durham, NC 27703
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Durham Warehouse Near Airport

      245,000 SF Class A warehouse near RDU Airport.
      2012 T W Alexander Dr, Durham, NC 27703
      View Details
    • Contact for pricing

      Durham Warehouse and Office Space

      Warehouse and office space available near Raleigh-Durham International Airport.
      1000 Parliament Ct, Durham, NC 27703
      View Details
    • Contact for pricing
      34,433 SF

      Versatile Income-Producing Asset in Durham

      Multi-tenant building in a growing submarket with redevelopment potential.
      1020 South Miami Blvd, Durham, NC 27703
      View Details
    • Contact for pricing

      Durham Flex Building For Sale

      Flex building with fenced lot, currently leased for income.
      2410 Angier Ave Unit, Durham, NC 27703
      View Details
    • $750,000
      2.10 Acres

      Development Opportunity in Growing Area

      2.1 acre lot in fast growing Durham area.
      800 Olive Branch Rd, Durham, NC 27703
      View Details
    • $377,900
      Pending

      Durham Land Investment Opportunity

      1.8 acres at busy intersection in high-growth Durham County.
      2506 Coley Rd, Durham, NC 27703
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      99,663 SF

      Durham Warehouse Space Available

      99,663 SF warehouse space for lease in Durham, NC.
      224 North Hoover Rd, Durham, NC 27703
      View Details
    • Contact for pricing

      Industrial Facility with Lay Down Yard

      12,000 SF facility with 5.5 acre lay down yard.
      2714 Angier Ave, Durham, NC 27703
      View Details
    • $13 SF/Yr
      35,000 SF

      Durham Flex Space Available

      35,000 SF flex space for rent in Durham.
      4808 Chin Page Rd, Durham, NC 27703
      View Details
    • Contact for pricing

      Durham Flex Space Available

      Flex space available near Raleigh-Durham International Airport.
      1000 Parliament Ct, Durham, NC 27703
      View Details
    • $30 SF/Yr

      Plug and Play Lab Space

      Move-in ready lab and office space in Durham, NC.
      4025 Stirrup Creek Dr, Durham, NC 27703
      View Details
    • Contact for pricing

      RTP Imperial

      Discover many ways to work your way in RTP Imperial
      4819 Emperor Blvd, Durham, NC 27703
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1000 Parliament Ct
    Durham, NC 27703
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!