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Property profile & analytics
OFF-MARKET
Office Spaces

601 Fayetteville St 400 Durham, NC 27701-4459

2,113 SF Built 1979
Individually Owned 6-yr Hold ~ Est. High Equity
Property ID
US53-0842938
Property summary
AI-generated overview

This exceptional commercial property presents a unique investment opportunity in Durham's vibrant Hayti District. Strategically located just off Highway 147, this 1.8-acre site enjoys unparalleled access to downtown Durham, placing it within a mile of the Durham Performing Arts Center and the Durham Bulls Athletic Park. The property's proximity to RDU International Airport (less than 15 miles) further enhances its appeal. The building comprises three distinct condo-style office suites, each offering a high level of functionality and flexibility. Suite 300 boasts a spacious reception area, seven private offices, three conference rooms, and a convenient break room. Suite 200 features a reception area, six private offices, one conference room, and a break room. The property's prime location, combined with its versatile layout and multiple suite options, makes it an ideal investment for a variety of commercial uses. The substantial lot size also offers potential for future expansion or development. This is a rare chance to acquire a significant commercial asset in a rapidly growing and highly desirable area of Durham. The asking price is $6,500,000.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1979
Total area 2,113 SF
Zoning code OI-2
APN 119258
UPID US53-0842938
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
  • Trophy Smiles of Durham Dental Office
  • Perry, Perry & Perry, P. A. Law Firm
  • Farrar Amy Taborn DDS Dental Office
  • Legacy Studios - NC (Bike/Boat/Book/etc) Store Photography Service
  • Dr. Arthur Reynolds Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Robert T Perry · 6 yrs held
Robert T Perry
since 2019
6 recorded transactions
2019
Price N/A
2017
$500,000
2013
$50,000
2013
$47,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
OI-2 · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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