Property profile

324 Blackwell St Durham, NC 27701

FOR LEASE
Office buildings
Property ID
US53-1263005
63,020 SF 1.41 ac lot Built 1904
Entity Owned 11-yr Hold Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Radio Station Telecommunications Service
  • Construction Company
  • Chemical Plant Factory
  • Restaurant
  • Academic Department

Location

324 Blackwell St Durham, NC 27701
Durham metro Census 700 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
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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

since 2014
2 recorded transactions
2019
Price N/A
2014
$10.8M

Zoning & alternative use

DD-C · Durham, NC
Zoning description

The Downtown Design (DD) District is established to encourage bicycling, pedestrian, and transit-orienteddevelopmentthrough regulations appropriate to the downtown area. It focuses on the form of the private and public r…

General category COMMERCIAL

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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