Property profile

3708 Mayfair St Durham, NC 27707

FOR LEASE
Office buildings
Property ID
US53-1912814
59,998 SF 3.95 ac lot Built 1988
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Medical Group
  • Physician
  • Medical Clinic Physician
  • Pediatrician Physician
  • Physician

Location

3708 Mayfair St Durham, NC 27707
Durham metro Census 2015 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.53M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.21M

Owner & transaction history

since 2023
Last sale
$1.8M
6 recorded transactions
2023
Price N/A
2023
$11.7M
2018
Price N/A
2015
$3.6M
2015
Price N/A
2015
$3.4M

Zoning & alternative use

CC · Durham, NC
Zoning description

The CC District is established to provide for orderlydevelopmentof commercial services in a unified setting on largeparcelsof land (generally over ten acres in size to serve residential neighborhoods within a three to fi…

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message