2500 Meridian Pkwy Durham, NC 27713-5255
Property Lookup
Property profile & analytics
2500 Meridian Pkwy Durham, NC 27713-5255
- Office buildings
- 25,982 SF
- 4.52 lot acres
Property ID
US53-5729339
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Stewart T. Peters, DC / Alternative Medicine Practice
- Fit Lab Studios / Gym & Fitness Center
- Modis Engineering / Employment Agency
- Americas Capital Partners / Financial Advisor
- Tobacco Wood Brewing Co, Durham Taproom and American Gastropub / Production Facility / Brewery & Distillery
Property Details for 2500 Meridian Pkwy
- Year built
- 1990
- Lot size
- 4.52 lot acres
- Property size
- 25,982 SF
- Zone code
- CN(D)
- Property type
- Office buildings
- APN
- 154341
- APU
- 154341
Description
This exceptional Class A retail space, located within the prestigious Meridian Corporate Park in South Durham, NC, presents a unique investment opportunity. The property, situated at 2500 Meridian Pkwy, Durham, NC 27713, boasts a total of 26,680 square feet across a single, one-story building on a generous 4.518-acre lot. Built in 1990 and extensively renovated in 2019, the property offers a modern and attractive environment for businesses. Currently, 2,703 square feet of retail space is available for lease. This space is ideally suited for a food and beverage establishment seeking a vibrant and established location. The design features a trendy aesthetic, incorporating exposed ceilings, concrete flooring, and large garage doors that open to create inviting outdoor seating. The property benefits from its location within Durham County's thriving South Durham submarket, and enjoys excellent visibility and accessibility. This space is strategically positioned adjacent to successful businesses, including Tobacco Wood Brewing Company and Chef Chick's European Bakery, creating a synergistic and complementary environment for potential tenants. The property's prime location and modern design make it an exceptional opportunity for a discerning business seeking a high-impact presence in a dynamic market.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $7,135,000
- 6.5%
- $6,585,000
- 7%
- $6,115,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,721,000
- AI Estimate
- $3,414,000
Market price range: $3.99M - $9.33MMarket price range: $2.80M - $6.43M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $7,380,000 Current use
- AUTO REPAIR, GARAGE
- $7,575,000 Change: +3% Conversion: Difficult
- RETAIL STORES
- $6,385,000 Change: -13% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $6,295,000 Change: -15% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Durham
- County
- Durham
- State
- North Carolina
- Longitude
- -78.894
- Latitude
- 35.9114
- CBSA code
- 20500
- CBSA name
- DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$41,990
$511,749
$2,498,523
$3,010,272
-
$511,749
$2,498,523
$3,010,272
