Property profile

2810 Meridian Pkwy Durham, NC 27713

FOR LEASE
Office buildings
Property ID
US53-2064828
91,750 SF 11.44 ac lot Built 1986
Entity Owned 8-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1986
Total area 91,750 SF
Lot 11.44 ac (498,326 SF)
Zoning code IL
APN 154335
UPID US53-2064828

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
  • Industrial Manufacturer Production Facility
  • Corporate Office
  • Corporate Office
  • Factory Production Facility
  • Printing Service (Bike/Boat/Book/etc) Store

Location

2810 Meridian Pkwy Durham, NC 27713
Durham metro Census 2035 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$23.26M
Comparable Approach Comparable
$21.02M
Blend (final) Blend
$18.94M

Owner & transaction history

since 2018
6 recorded transactions
2018
$35.8M
2014
$52.5M
2013
Price N/A
2011
Price N/A
2011
$11.4M
2007
$12.7M

Zoning & alternative use

IL · Durham, NC
Zoning description

The IL District is established to provide for a wide range of light manufacturing, warehousing, and wholesaling activities as well asofficesand some support services, all subject to minimum design standards intended to e…

General category INDUSTRIAL
Top alternative use upside
Auto repair, garage $26.8M +2.7%

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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