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1612 Carpenter Fletcher Rd Durham, NC 27713-2259

OFF-MARKET Sports & entertainment properties Google Maps
6,200 SF 0.9 ac lot Built 1978
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$340k
Range $306k – $374k (±10%)
Property ID US53-1533057

Property summary

AI-generated overview

This exceptional 6,018-square-foot flex building presents a rare opportunity for owner-users in Durham, North Carolina. Located at 1612 Carpenter Fletcher Rd, this property boasts a prime location just off NC 55 Highway and Exit 278 of I-40, ensuring convenient access and high visibility. Originally constructed in 1978, the building underwent a complete renovation in 2020, resulting in a modern and functional space. The renovation included a substantial 3,000-square-foot warehouse addition to the existing 3,018-square-foot structure, creating a versatile 6,018-square-foot turnkey flex space. Suitable for a wide range of uses, including retail, office, showroom, storage, or medical facilities, this property offers unparalleled flexibility. The asking price is $1,590,000, translating to $264.21 per square foot. The 0.904-acre lot provides ample space, including a surface parking lot with 37 dedicated parking spaces. Recent landscaping enhancements (Spring 2024) further enhance the property's curb appeal. The property is zoned CG and features a single-story building. This is a vacant property ready for immediate occupancy. High-quality photos and virtual tours are available online.

Property profile

Verified
Property type Sports & entertainment properties
Use group RECREATIONAL, ENTERTAINMENT
Year built 1978
Total area 6,200 SF
Lot 0.9 ac (39,204 SF)
Zoning code CN
APN 157201
UPID US53-1533057

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
  • Gym & Fitness Center

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$340k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2019
2 recorded transactions
2021
Price N/A
2019
$392,000

Zoning & alternative use

CN · Durham, NC
Zoning description

The CN District is established to provide for modest-scale commercial centers (as defined in Article 6) in close proximity to residential areas that offer limited commercial uses to satisfy the needs of the surrounding n…

General category COMMERCIAL

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
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