Property profile

3171 Hillsborough Rd Durham, NC 27705

OFF-MARKET
Industrial properties
Property ID
US53-1523773
18,897 SF 0.83 ac lot Built 2000
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Industrial properties
Year built 2000
Total area 18,897 SF
Lot 0.83 ac (36,155 SF)
UPID US53-1523773

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
  • Auto Parts Store

Location

3171 Hillsborough Rd Durham, NC 27705
Durham metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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