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Property profile & analytics
OFF-MARKET Estimated value $5,240,000
Office buildings

2500 Meridian Pkwy Durham, NC 27713-5255

25,982 SF 4.52 ac lot Built 1990
Entity Owned 8-yr Hold Absentee Owner Free & Clear
Property ID
US53-5729339
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1990
Total area 25,982 SF
Lot 4.52 ac (196,891 SF)
Zoning code CN(D)
APN 154341
UPID US53-5729339
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
  • 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$6.59M
Comparable Approach Comparable
$5.72M
Blend (final) Blend
$5.24M
Owner & transaction history
Bri 1875 Meridian LLC · 8 yrs held
Bri 1875 Meridian LLC
since 2018
5 recorded transactions
2018
$35.8M
2014
$2.9M
2011
$2.7M
2007
$3.0M
1969
Price N/A
Zoning & alternative use
CN(D) · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $7.6M +2.7%
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