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Property profile & analytics
OFF-MARKET Estimated value $32,485,000
Industrial properties

2828 Pickett Rd Durham, NC 27705-5872

187,856 SF 8.39 ac lot Built 1990
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US53-5737484
Property summary
AI-generated overview

This exceptional executive office space at 2828 Pickett Rd, Durham, NC 27705, offers a total of 9,207 square feet currently available for lease. The property is situated in Durham County and provides flexible tenancy options for multiple occupants. Individual suites range from a minimum of 169 square feet to a maximum contiguous space of 2,818 square feet, allowing for businesses of various sizes to find a suitable fit. With seven spaces currently available, this location presents a unique opportunity to establish a presence in a thriving Durham market. The building's total square footage ensures ample room for expansion or consolidation, catering to evolving business needs. The address is conveniently located at 2828 Pickett Rd, offering easy access to local amenities and transportation networks. This is an ideal location for businesses seeking high-quality, adaptable office space in a prime Durham County location. The property is classified as an office building with an executive office subtype, reflecting its sophisticated design and amenities. Interested parties are encouraged to inquire about lease terms and availability for this exceptional Durham office space. The property is entirely vacant, offering immediate occupancy.

Property profile
Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1990
Total area 187,856 SF
Lot 8.39 ac (365,468 SF)
Zoning code CG
APN 121317
UPID US53-5737484
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
  • Flora Physical Therapy Medical Clinic
  • Vilma Tax Advisor Tax Preparation
  • Ricci Law Firm Injury Lawyers Law Firm
  • Baker Wealth Advisors Financial Advisor
  • Tiger Bella Bodywork & Massage Therapy, LLC Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$39.02M
Comparable Approach Comparable
$36.33M
Blend (final) Blend
$32.49M
Owner & transaction history
Wjm Holdings I LLC · 10 yrs held
Wjm Holdings I LLC
since 2016
5 recorded transactions
2016
$3.3M
2012
$492,500
2005
$215,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CG · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $46.2M +2.1%
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