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Property profile & analytics
FOR LEASE
Super regional malls

1515 N Pointe Dr Durham, NC 27705

117,352 SF 14.22 ac lot Built 2002
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US53-1703949
Property summary
AI-generated overview

North Pointe Shopping Center offers a premier retail opportunity in North Durham. This bustling shopping center boasts 117,906 square feet of space and is anchored by major retailers including Burlington Coat Factory, Harris Teeter, Costco, Home Depot, and PetSmart, ensuring high foot traffic and brand recognition. Strategically located near the I-85 and Guess Road interchange, the center benefits from exceptional visibility to over 104,000 vehicles daily. Its proximity to Downtown Durham, Duke University, and Duke Hospital – Durham County's largest employer – provides access to a dense concentration of residents and highly-paid professionals. A 10-minute drive-time population of 122,606 further underscores the significant market potential. Currently, Suite 128, a 7,300 square foot space, is available for lease beginning April 2025. The current tenant will occupy the space until that date. This presents a unique opportunity to secure a prominent location within a thriving retail environment. Please note that the space is currently occupied; do not disturb the current tenant during business hours. This is a multi-tenant property offering excellent visibility and access to a strong consumer base.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 2002
Total area 117,352 SF
Lot 14.22 ac (619,423 SF)
Zoning code CG(D)
APN 126268
UPID US53-1703949
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
  • Ross Dress for Less Department Store
  • new fashions Clothing Store
  • 55 Gallon Drums Durham Big Box & Wholesale Store Factory
  • Burlington Clothing & Fashion Store
  • Amazon Locker - Indication Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.17M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.20M
Blend (final) Blend
$1.69M
Owner & transaction history
North Pointe Dev Associates LP
North Pointe Dev Associates LP
2 recorded transactions
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CG(D) · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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