Property profile

5315 Highgate Dr Durham, NC 27713

OFF-MARKET
Office buildings
Property ID
US53-1186550
21,412 SF 2.03 ac lot Built 1998
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a 1,760-square-foot office suite in Durham, North Carolina, located in Durham County on a 2.03-acre lot. The suite is configured with six private office spaces, with individual office areas including: Office #1 at approximately 11.08 feet by 8.21 feet (unfurnished); Office #3 at approximately 7.98 feet by 10.18 feet (includes a desk and three chairs); Office #4 at approximately 7.79 feet by 9.81 feet (includes a desk, four chairs, and a wall cabinet); Office #5 at approximately 6.7 feet by 8.58 feet (includes a desk and three chairs); and an additional office at approximately 103.27 square feet with three wall cabinets. The property has an OI-2 zoning designation.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1998
Total area 21,412 SF
Lot 2.03 ac (88,427 SF)
Zoning code OI
APN 149680
UPID US53-1186550

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
  • Pediatrician Medical Clinic
  • Bank Credit Union
  • Physician
  • Employment Agency
  • Pediatrician Medical Clinic

Location

5315 Highgate Dr Durham, NC 27713-8404
Durham metro Census 2021 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.43M
Comparable Approach Comparable
$4.88M
Blend (final) Blend
$4.41M

Owner & transaction history

since 2015
2 recorded transactions
2015
Price N/A
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
Auto repair, garage $6.2M +2.7%

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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