Property profile

1101 Hamlin Rd Durham, NC 27704

FOR SALE
Manufacturing properties
Property ID
US53-5698252
354,480 SF 34.53 ac lot Built 1988
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional North Durham property, located at 1101 Hamlin Road, offers a unique blend of office, industrial, and special-purpose space totaling 127,000 square feet. The building boasts a flexible layout, accommodating tenants requiring anywhere from 20,000 to the entire 127,000 contiguous square feet. Originally designed for high-tech manufacturing, assembly, and testing, the facility features impressive specifications including a 22-foot ceiling height, ideal for various uses. The property includes two dock-high doors and two drive-in doors, ensuring efficient loading and unloading. Power is a significant advantage, with a substantial 9000 kva capacity available. The building's history includes use by Mitsubishi for semiconductor production and BioMerieux for office space, demonstrating its adaptability and suitability for a wide range of businesses. Multiple tenancy options are available, making it an excellent choice for companies seeking flexible and adaptable space in the thriving North Durham submarket of Durham, North Carolina, zip code 27704. This property presents a rare opportunity to secure a well-equipped and strategically located facility in a dynamic area.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1988
Total area 354,480 SF
Lot 34.53 ac (1,504,127 SF)
Zoning code IL
APN 160396
UPID US53-5698252

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office
  • Atm
  • Medical Supply Store
  • Corporate Office

Location

1101 Hamlin Rd Durham, NC 27704
Durham metro Census 1801 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$47.21M

Owner & transaction history

since 2015
7 recorded transactions
2019
Price N/A
2017
Price N/A
2015
$1.1M
2014
$16.3M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

IL · Durham, NC
Zoning description

The IL District is established to provide for a wide range of light manufacturing, warehousing, and wholesaling activities as well asofficesand some support services, all subject to minimum design standards intended to e…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $71.4M +15.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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