Property profile

4226 Surles Ct Durham, NC 27703

FOR LEASE
Warehouses
Property ID
US53-0864493
149,680 SF 9.58 ac lot Built 1998
Entity Owned 12-yr Hold Absentee Owner Free & Clear
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4226 Surles Ct, Durham, NC 27703 For Lease
$13,365,000 43,818 SF available
4226 Surles Ct, Durham, NC 27703
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Property summary

AI-generated overview

This exceptional industrial property, located at 4226 Surles Ct in Durham, NC 27703, within the Research Triangle Park submarket, offers a significant warehouse and distribution opportunity. The building totals 150,332 square feet, with 43,818 square feet currently available for lease. This space features a 27-foot clear height, providing ample vertical storage capacity. The property boasts eight dock-high doors, six equipped with levelers and one with a ramp, ensuring efficient loading and unloading. The column spacing is 40' x 40', maximizing usable floor space. The building depth is 254 feet. The space includes 2,453 square feet of office space. The warehouse is equipped with an ESFR sprinkler system and energy-efficient LED lighting. The property benefits from robust power capabilities, including 400 Amp, 277/480v, 3-phase power. This multi-tenant building presents a prime location for businesses seeking a modern and functional warehouse space in the thriving Research Triangle Park area. The available space is ideal for various distribution and warehousing needs. Contact us today to learn more about this exceptional opportunity.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1998
Total area 149,680 SF
Lot 9.58 ac (417,305 SF)
Zoning code IP
APN 157981
UPID US53-0864493

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
  • Interior Design
  • Warehouse & Storage
  • Industrial Manufacturer Production Facility
  • Furniture & Home Goods

Location

4226 Surles Ct Durham, NC 27703
Durham metro Census 2037 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$16.39M
Comparable Approach Comparable
$11.90M
Blend (final) Blend
$13.37M

Owner & transaction history

since 2014
3 recorded transactions
2014
$9.4M
2011
Price N/A
2007
$7.7M

Zoning & alternative use

IP · Durham, NC
Zoning description

The IP District is established to provide for orderlydevelopmentof manufacturing, research and support activities in a unified campus-style setting. The district is intended to ensuredevelopmentthat is compatible withadj…

General category INDUSTRIAL

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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