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Property profile & analytics
FOR LEASE
Office buildings
3708 Mayfair St, Durham, NC 27707
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1912814
For Lease
1 / 18
$2,070,000
3708 Mayfair St, Durham, NC 27707
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Property summary
AI-generated overview
The Square North offers exceptional executive office space in Durham County. This three-story, Class B building boasts a total of 59,650 square feet, with 41,790 square feet currently available. Units range from a minimum of 7,000 square feet to a maximum contiguous space of 20,906 square feet, perfect for businesses of various sizes. Built in 1989, the building is undergoing significant renovations, with exterior improvements recently completed and new common area amenities on the way. Its prime location places it within easy walking distance of the vibrant University Hill mixed-use development, providing tenants with convenient access to O2 Fitness, a wide array of retail shops, and numerous restaurants. The building's multiple tenancy structure offers flexibility for businesses seeking a collaborative and dynamic work environment. This is a rare opportunity to secure high-quality office space in a rapidly developing area of Durham. The available space is ideal for businesses seeking a modern, convenient, and amenity-rich location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
59,998 SF
Lot
3.95 ac (172,062 SF)
Zoning code
CC
APN
121599
UPID
US53-1912814
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
-
The UNC Family Medicine Center at Durham Medical Group
-
Amber Cobia, PT, DPT, CLT, WCS Physician
-
Harry C. Stafford, MD, MBA Medical Clinic Physician
-
Justin Lee, MD Pediatrician Physician
-
Sarah Beth Shout, PT, MPT, Cert. MDT, PCES Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.07M
Owner & transaction history
South Square Building Owner LLC · 3 yrs held
South Square Building Owner LLC
since 2023
Last sale
$1.8M
6 recorded transactions
Zoning & alternative use
CC · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Durham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Durham submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,210,000
ML approach
$2,525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.07M
Range $1.86M – $2.28M · ±10% · vs last sale $1.77M (Jun 30 2023)
Last sale anchor
$1.77M
Jun 30 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$35 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$71,874
Tax year 2024
Assessed value
$5,152,593
Assessed 2024
Previous assessed
$5,152,593
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$866,250
Assessed improvement
$4,286,343
Land market value
$866,250
Improvement market value
$4,286,343
Total market value
$5,152,593
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1988
Heating
YES
Cooling
YES
Stories
3
Total area
59,998 SF
Lot
3.95 ac (172,062 SF)
Zoning code
CC
APN
121599
UPID
US53-1912814
Jurisdiction
DURHAM
Zoning & alternative use
CC · Durham, NC
Zoning CC · permitted uses
CC · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Durham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Heating
YES
Cooling
Yes
Stories
3
Lot
3.95 ac
Current owner
From public records · entity-resolved
South Square Building Owner LLC
Entity
Free & Clear · 3 yrs held
Mailing address
331 W MAIN ST STE #606, DURHAM, NC 27701-3244
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2023
—
South Square Building Owner LLC
Tdca South Square LLC
Warranty Deed
—
Jun 30, 2023
$11,700,000
South Square Building Owner LLC
Tdca South Square LLC
Special Warranty Deed
—
Apr 2, 2018
—
Tdca South Square LLC
—
Grant Deed
related
$11,000,000 · Miscellaneous Ins Co
Dec 15, 2015
$3,550,000
Tdc Atlantic South Square LLC
Mayberry Real Estate Holdings LLC
Special Warranty Deed
—
Dec 15, 2015
—
Tdc Atlantic South Square LLC
Mayberry R/e Holdings LLC
Grant Deed
—
Jun 11, 2015
$3,413,500
Mayberry R & E Holdings LLC
South Square Two LLC
Deed In Lieu Of Foreclosure
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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