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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2810 Meridian Pkwy Durham, NC 27713-5241

    • Office buildings
    • 91,750 SF
    • 11.44 lot acres
    OFF-MARKET
    Value Estimations
    $18,940,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2064828
    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.

    Current Use by Public Records

    • Aldagen Inc / Manufacturer / Medical Supply Store
    • BioSkryb Genomics, Inc. / Biotechnology Company
    • Qualyst / Biotechnology Company
    • Apex Bioscience Inc / Pharmaceutical Company / University
    • Spoonflower / Digital Printing Service / Fabric Store

    Property Details for 2810 Meridian Pkwy

    Year built
    1986
    Lot size
    11.44 lot acres
    Property size
    91,750 SF
    Zone code
    IL
    Property type
    Office buildings
    APN
    154335
    APU
    154335

    Description

    This exceptional 6,141 square foot office and lab space is available for lease in Durham, NC's West Research Triangle Park submarket. Located at 2810 Meridian Parkway, Suite 120, this single-story building offers a versatile layout ideal for a variety of businesses. The space includes a lead-lined room (approximately 8x10 feet), three laboratory hoods, and pro-rated utilities (tenants responsible for janitorial services). Amenities include a secure, sequestered room, a large conference room with screens, and two smaller offices suitable for additional meetings. A common area/breakroom boasts a fully equipped kitchen and stunning outdoor views, complemented by an outdoor patio with seating. The building also features a secure shipping area. This property sits on an 11.44-acre lot within a 91,750 square foot building constructed in 1986 and zoned I-2. Its convenient location offers easy access to I-40, South Durham, and Morrisville, and is a short 5-minute walk from the DoubleTree hotel with free RDU shuttle service. This is a rare opportunity to secure flexible, high-quality space in a thriving research and technology hub. The property is zoned I-2 and has an APN of 154335.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $25,190,000
      6.5%
      $23,255,000
      7%
      $21,590,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $21,022,000
      Market price range: $14.1M - $33.0M
      AI Estimate
      $12,546,000
      Market price range: $9.88M - $22.7M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $26,055,000
      Current use
      AUTO REPAIR, GARAGE
      $26,760,000
      Change: +3% Conversion: Difficult
      RETAIL STORES
      $22,550,000
      Change: -13% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $22,235,000
      Change: -15% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.8992
    Latitude
    35.9135
    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
    $154,286
    $1,778,455
    $9,282,262
    $11,060,717
    -
    $1,778,455
    $9,282,262
    $11,060,717

    Comparable in this City

    • Value Estimation
      $4,645,000
      17,188 SF

      5175 Highgate Dr

      OFFICE BUILDING • 17,188 SF
      5175 Highgate Dr, Durham, NC 27713-9397
      View Details
    • Value Estimation
      $35,290,000
      126,699 SF

      5213 Alston Ave

      OFFICE BUILDING • 126,699 SF
      5213 Alston Ave, Durham, NC 27713-4430
      View Details
    • Value Estimation
      $515,000
      2,049 SF

      4202 Alston Ave

      OFFICE BUILDING • 2,049 SF
      4202 Alston Ave, Durham, NC 27713-2218
      View Details
    • Value Estimation
      $5,460,000
      31,558 SF

      4319 Alston Ave

      OFFICE BUILDING • 31,558 SF
      4319 Alston Ave, Durham, NC 27713-2487
      View Details
    • Value Estimation
      $820,000
      5,684 SF

      6200 Fayetteville Rd

      PROFESSIONAL BUILDING • 5,684 SF
      6200 Fayetteville Rd, Durham, NC 27713-8550
      View Details
    • Value Estimation
      $1,110,000
      4,800 SF

      2216 Nc Hwy 54

      OFFICE BUILDING • 4,800 SF
      2216 Nc Hwy 54, Durham, NC 27713-2208
      View Details

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    Similar Nearby for Lease

    • $21 SF/Yr
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      Prime Durham Office Space

      Modern Executive Suites in RTP
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      View Details
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      Flex space with accessibility to the Greater Triangle Area.
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    • Contact for pricing
      3,037 SF

      Durham Medical Office Suite for Lease/Sale

      Prime Durham medical office space available.
      249 Nc Highway 54, Durham, NC 27713
      View Details
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    2810 Meridian Pkwy
    Durham, NC 27713-5241
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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