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    FOR LEASE
    Office buildings

    324 Blackwell St, Durham, NC 27701

    63,020 SF 1.41 ac lot Built 1904
    Entity Owned 11-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-1263005
    Property summary
    AI-generated overview

    This exceptional creative office space at 324 Blackwell Street in Durham, North Carolina, offers a unique opportunity for businesses seeking flexible and modern accommodations. Located in the vibrant American Tobacco Campus, this property boasts a total of 16,553 square feet, with 11,996 square feet currently available for lease. The space is divisible into units as small as 4,509 square feet, providing adaptability for various business needs. The maximum contiguous space available is 11,996 square feet, ideal for larger organizations or those seeking a significant presence. The property is classified as a multi-tenant building, offering a dynamic and collaborative environment. Situated in Durham County, with a Durham, NC 27701 zip code, this location provides easy access to the city's amenities and transportation networks. While some suites are currently leased (Suite 1140: 1,773 SF and Suite 1104: 2,784 SF), these tenants are open to subleasing their spaces, either individually or as a combined unit. This presents a rare opportunity to secure a substantial and adaptable workspace within a thriving and sought-after location. The property's creative office subtype caters to businesses seeking a modern and inspiring work environment. Don't miss this chance to establish your business in this prime Durham location.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1904
    Total area 63,020 SF
    Lot 1.41 ac (61,420 SF)
    Zoning code DD-C
    APN 196664
    UPID US53-1263005
    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
    • North Carolina Public Radio Radio Station Telecommunications Service
    • Lendlease Construction Company
    • PavePro Asphalt Solutions (Chemtek Inc) Chemical Plant Factory
    • Seraphine Restaurant
    • Duke Accounts Payable Department Academic Department
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $11.38M
    Owner & transaction history
    American Campus LLC · 11 yrs held
    American Campus LLC
    since 2014
    2 recorded transactions
    2019
    2014
    $10.8M
    Zoning & alternative use
    DD-C · Durham, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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