Property profile

205 Broadway St Durham, NC 27701

OFF-MARKET
Specialty properties
Property ID
US53-5741949
3,728 SF 0.46 ac lot Built 1977
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 3,000 square foot standalone office/flex space presents a unique opportunity in the heart of vibrant Downtown Durham. Previously utilized as a veterinary clinic, the property boasts a flexible layout ideal for a variety of businesses. The space includes generously sized offices, a potential lab area, and specialized rooms equipped with sinks and a lead-lined x-ray room – offering adaptability for diverse needs. The building features a robust security system and convenient off-street parking, a significant advantage in a bustling urban setting. Excellent signage visibility ensures high brand recognition. Its prime location offers easy access to a wealth of amenities, including diverse dining options, retail establishments, and public transportation. Furthermore, its proximity to the Durham Freeway and I-85 provides seamless connectivity to the wider region. With 1,933 square feet currently available for lease, this property is ready for immediate occupancy and offers a compelling blend of functionality and location. The building offers 5 parking spaces per 1000 square feet.

Property profile

Verified
Property type Specialty properties
Use group VETERINARY, ANIMAL HOSPITAL
Year built 1977
Total area 3,728 SF
Lot 0.46 ac (20,038 SF)
Zoning code DD-S1
APN 104964
UPID US53-5741949

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
  • Business Service Center Employment Agency
  • Social Service Agency Charitable Organization

Location

205 Broadway St Durham, NC 27701-2403
Durham metro Census 2200 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$420k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$420k

Owner & transaction history

since 2022
3 recorded transactions
2022
Price N/A
2021
Price N/A
2014
$720,000

Zoning & alternative use

DD-S1 · Durham, NC
Zoning description

The Downtown Design (DD) District is established to encourage bicycling, pedestrian, and transit-orienteddevelopmentthrough regulations appropriate to the downtown area. It focuses on the form of the private and public r…

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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