3205 University Dr Durham, NC 27707
Property profile & analytics
3205 University Dr Durham, NC 27707
- Retail space
- 12,800 SF
- 1.19 lot acres
Property ID
US53-1386139
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Samaritan Health Center / Medical Clinic
- income tax and accounting services llc / Accounting Firm
- Tortilleria y Carniceria Migueleña / Grocery & Convenience Store / Specialty Food Shop
- Mattress Furniture Liquidation Durham / Furniture & Home Goods
- Muebleria El Nido Durham / Furniture & Home Goods
Property Details for 3205 University Dr
- Year built
- 2001
- Lot size
- 1.19 lot acres
- Property size
- 12,800 SF
- Zone code
- CN
- Property type
- Retail space
- APN
- 123222
- APU
- 123222
Description
This 11,896 square foot, single-story shopping center in Durham, NC, presents a compelling investment opportunity. Located at 3205 University Dr, this stabilized asset boasts a 7.10% cap rate and a pro-forma cap rate of 8.30%. Built in 1967 and renovated in 2001, the property features 53 parking spaces and sits on a 1.19-acre lot. Currently 100% occupied with multiple tenants, including a Domino's Pizza, the center benefits from recent capital improvements including new HVAC, parking lot resurfacing, and landscaping. Its prime location in South Durham, near Duke University, Research Triangle Park, and I-40, offers exceptional access to a high-income demographic. The surrounding area shows strong retail performance with approximately 1,000,000 square feet of retail and 1,800 apartment units within a one-mile radius. The property's proximity to downtown Durham (three miles) and a population of 144,551 within a three-mile radius further enhances its investment potential. An adjacent one-acre parcel is also available for purchase separately. The asking price is $3,150,000.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,460,000
- 6.5%
- $2,270,000
- 7%
- $2,110,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $3,100,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Durham
- County
- Durham
- State
- North Carolina
- Longitude
- -78.9415
- Latitude
- 35.9675
- CBSA code
- 20500
- CBSA name
- DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$21,879
$513,980
$1,054,500
$1,568,480
-
$513,980
$1,054,500
$1,568,480
