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Property profile & analytics
FOR LEASE
Commercial real estate
110 Corcoran St, Durham, NC 27701
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2001916
For Lease
1 / 32
Contact for pricing
110 Corcoran St, Durham, NC 27701
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Property summary
AI-generated overview
This exceptional Class A retail opportunity is located at 110 Corcoran St, Durham, NC 27701, in the vibrant Downtown Durham submarket. The property, known as One City Center, offers a total of 152,000 square feet of retail space within a mixed-use development. Three suites are currently available, ranging from a minimum of 1,789 square feet to a maximum contiguous space of 6,828 square feet
Property profile
Verified
Property type
Commercial real estate
Use group
COMMON AREA (COMMERCIAL)
Year built
2016
Total area
215,000 SF
Lot
0.84 ac (36,590 SF)
Zoning code
DD-C
APN
102765
UPID
US53-2001916
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
-
MATI Energy Food Processing Plant Factory
-
Six Second Stories Film Production Television Studio
-
Matchwell (Bike/Boat/Book/etc) Store Corporate Office
-
Mymatrex Group (Bike/Boat/Book/etc) Store Corporate Office
-
Senior Health Insurance Brokers, LLC Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mary Sunday · 6 yrs held
Mary Sunday
since 2019
1 recorded transaction
Zoning & alternative use
DD-C · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Durham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Durham submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$1.00
Assessed 2024
Previous assessed
$1.00
+0.0% YoY
Assessed land
$1.00
Land market value
$1.00
Total market value
$1.00
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMON AREA (COMMERCIAL)
Status
For Lease
Year built
2016
Heating
YES
Cooling
YES
Stories
22
Total area
215,000 SF
Lot
0.84 ac (36,590 SF)
Zoning code
DD-C
APN
102765
UPID
US53-2001916
Jurisdiction
DURHAM
Zoning & alternative use
DD-C · Durham, NC
Zoning DD-C · permitted uses
DD-C · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Durham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2016
Heating
YES
Cooling
Yes
Stories
22
Lot
0.84 ac
Current owner
From public records · entity-resolved
Mary Sunday
Individual
Free & Clear · 6 yrs held
Mailing address
1ST CITY CTR MASTER OWNERS ASSOCIATIO W STE #100, DURHAM, NC 27701
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2019
$1,450,000
Mary Sunday
Durham City Center II LLC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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