3171 Hillsborough Rd, Durham, NC 27705
This exceptional 18,897 square foot flex building in Durham, NC, presents a compelling investment opportunity. Situated on a 0.83-acre lot at 3171 Hillsborough Road, 27705, this single-story, 2000-built property boasts a prime location in West Durham, close to downtown and Duke University. Currently leased to two tenants under triple-net leases (landlord responsible for roof and structure only), the property offers significant upside potential. The front retail space is leased below market rate, providing a future opportunity to increase rental income. The rear warehouse space is leased to an affiliated tenant with a short-term leaseback agreement, offering flexibility for a future owner-occupant. The property features one loading dock and one dock-high door, and is zoned Industrial Light (IL). The APN is 119629. This is an ideal investment for those seeking a strong cash flow with significant long-term growth potential in a rapidly developing area. Financial details are available upon request.
-
RimTyme Custom Wheels and Tires Auto Parts Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.