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    FOR LEASE
    Office buildings

    3710 University Dr, Durham, NC 27707

    58,775 SF 6.06 ac lot Built 1985
    Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-1977720
    Property summary
    AI-generated overview

    This exceptional three-story office building, totaling 58,249 square feet, presents a unique opportunity in Durham's vibrant Durham submarket. Located at 3710 University Drive, this Class B property boasts a prime location, steps away from the University Hill mixed-use development, offering unparalleled convenience and walkability to a variety of amenities including O2 Fitness and numerous restaurants and retail establishments. The building features six total suites, with multiple tenancy options ranging from a minimum of 1,571 square feet to a maximum contiguous space of 3,374 square feet. Currently, 13,548 square feet of space is available. Built in 1988, the building has recently undergone significant renovations, including a completed exterior refresh. Two move-in-ready, pre-built suites are immediately available, along with a newly added first-floor tenant hub. Further common area amenity enhancements are planned for the near future. This property offers a blend of established infrastructure and modern upgrades, making it an ideal location for businesses seeking a thriving and convenient Durham address. The building is situated in Durham County, North Carolina, with easy access via zip code 27707.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1985
    Total area 58,775 SF
    Lot 6.06 ac (263,974 SF)
    Zoning code CC,OI
    APN 121590
    UPID US53-1977720
    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
    • Storyboard Media Advertising Agency Marketing & Advertising
    • Edward Jones - Financial Advisor: Nick Seligman, CFP® Financial Advisor
    • Edward Jones - Financial Advisor: Marva York Financial Advisor
    • North Carolina Coalition Against Domestic Violence Charitable Organization Social Service Agency
    • CoVar (Bike/Boat/Book/etc) Store Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $3.09M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.49M
    Owner & transaction history
    South Square Building Owner LLC · 3 yrs held
    South Square Building Owner LLC
    since 2023
    Last sale
    $2.1M
    7 recorded transactions
    2023
    $11.7M
    2023
    2020
    2018
    2015
    2015
    $5.8M
    2014
    Zoning & alternative use
    CC,OI · Durham, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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