Property profile

4113 Capitol St Durham, NC 27704

OFF-MARKET
Office buildings
Property ID
US53-0243592
5,600 SF 0.49 ac lot Built 1994
Entity Owned 7-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Class A medical office building, located at 4113 Capitol Street in Durham, NC, offers 2,400 square feet of immediately available space within a larger 5,600 square foot building. Built in 1995 and extensively renovated in 2023, the property boasts 11-foot ceilings and ample parking with 28 spaces. The single-story building features three suites in total, with the available space representing a significant portion of the building. Situated on a 0.55-acre lot in the desirable Durham-Raleigh submarket (Triangle area North Carolina), this property benefits from its location within the exclusive Independence Park medical community. The convenient location offers easy access to major healthcare facilities, including Duke Regional Hospital (less than a mile away), and numerous amenities such as Walgreens, CVS, and a variety of restaurants and banks within a one-mile radius. The property is zoned OI and is ideal for medical practices seeking a modern, well-maintained space in a thriving medical hub. The minimum divisible space is 2,400 square feet, making it suitable for a variety of medical tenants. Electricity is the power source.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1994
Total area 5,600 SF
Lot 0.49 ac (21,344 SF)
Zoning code OI
APN 172247
UPID US53-0243592

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 Clinic
  • Physician
  • Medical Clinic
  • Physician Medical Clinic
  • Medical Clinic

Location

4113 Capitol St Durham, NC 27704-2390
Durham metro Census 1709 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.16M
Blend (final) Blend
$900k

Owner & transaction history

since 2018
3 recorded transactions
2018
$1.3M
2017
$935,000
1969
Price N/A

Zoning & alternative use

OI · Durham, NC
Zoning description

The OI District is established for employment and community service activities. Some support facilities and residential uses are also allowed when compatible with surrounding uses. The OI district is designed for use on…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Retail stores $1.4M +41.4%
Commercial (general) $1.1M +15.9%
Industrial (general) $975,000 +0.1%

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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