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Property profile & analytics
FOR LEASE
Retail space

3500 North Roxboro St Durham, NC 27704

119,644 SF 13.74 ac lot Built 1990
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US53-1484833
Property summary
AI-generated overview

Two exceptional retail outparcels are available for purchase within the thriving Oxford Commons shopping center in Durham, North Carolina. Situated on a combined 5.329 acres of land, these parcels offer significant development potential. Parcel 1 encompasses approximately 1.219 acres and is listed at $800,000. Parcel 2 offers up to approximately 4.11 acres, priced at $275,000 per acre. The property boasts excellent visibility and accessibility, located on heavily trafficked North Roxboro Street, just 1.5 miles north of the intersection of North Roxboro Road and I-85, and less than a mile from Duke Regional Hospital. Oxford Commons itself is a substantial 332,200 square foot shopping center anchored by a Food Lion grocery store, attracting an impressive 1.5 million visits annually, according to Placer.ai. The center's diverse tenant mix includes TROSA Thrift Store, Burger King, Caliber Car Wash, Shoe Show, Badcock Home Furniture, and Sunny's Beauty Supply. The property is zoned CC(D), reflecting its suitability for suburban commercial development. This presents a unique opportunity to acquire prime retail land in a high-traffic, established shopping center location with strong existing anchors and significant consumer traffic. The APN is 0833-12-7684. This is an exceptional investment opportunity in a rapidly growing area of Durham.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1990
Total area 119,644 SF
Lot 13.74 ac (598,514 SF)
Zoning code CC(D)
APN 172077
UPID US53-1484833
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
  • Diego Green Visuals LLC Photography Service (Bike/Boat/Book/etc) Store
  • Octapharma Plasma Medical Clinic
  • Oxford Commons Shopping Center & Mall
  • iShine iRock Period Charitable Organization Social Service Agency
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$12.25M
Blend (final) Blend
$9.12M
Owner & transaction history
Trosa Commercial INC · 12 yrs held
Trosa Commercial INC
since 2014
2 recorded transactions
2014
$1.5M
2009
$2.5M
Zoning & alternative use
CC(D) · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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