Property profile

3710 University Dr Durham, NC 27707

FOR LEASE
Office buildings
Property ID
US53-1977720
58,775 SF 6.06 ac lot Built 1985
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Advertising Agency Marketing & Advertising
  • Financial Advisor
  • Financial Advisor
  • Charitable Organization Social Service Agency
  • (Bike/Boat/Book/etc) Store Corporate Office

Location

3710 University Dr 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
$3.09M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.64M

Owner & transaction history

since 2023
Last sale
$2.1M
7 recorded transactions
2023
$11.7M
2023
Price N/A
2020
Price N/A
2018
Price N/A
2015
Price N/A
2015
$5.8M
2014
Price N/A

Zoning & alternative use

CC,OI · Durham, NC

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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More about this property
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