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    OFF-MARKET
    Flex space

    3171 Hillsborough Rd, Durham, NC 27705

    18,897 SF 0.83 ac lot Built 2000
    Property ID
    US53-1523773
    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 Flex space
    Year built 2000
    Total area 18,897 SF
    Lot 0.83 ac (36,155 SF)
    APN 119629
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • RimTyme Custom Wheels and Tires Auto Parts Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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