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Property profile & analytics
OFF-MARKET Estimated value $2,940,000
Industrial properties

620 Foster St Durham, NC 27701-4974

563,093 SF 1.91 ac lot Built 1964
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US53-1169705
Property summary
AI-generated overview

Introducing GeerHouse, a vibrant new retail opportunity in Durham, North Carolina. Located at 620 Foster St, this exceptional property offers 13,320 square feet of commercial space within a dynamic mixed-use development. The building, completed in 2023, boasts nine stories and features eight individual retail suites, ranging from a minimum of 709 square feet to a maximum contiguous space of 2,876 square feet. Currently, 18,495 square feet are available for lease. Ideal for food and beverage establishments or professional services, these ground-floor spaces benefit from high visibility and convenient access within a thriving community. The building is part of a larger development including a 220-unit multifamily building, ensuring a built-in customer base and ample foot traffic. Ample parking is provided for both residents and patrons. This is a unique chance to establish a presence in a rapidly growing area of Durham County, NC, zip code 27701. The property's modern design and prime location make it an attractive option for businesses seeking a high-impact presence in a dynamic urban setting. Contact us today to learn more about leasing opportunities and secure your space in this exciting new development.

Property profile
Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1964
Total area 563,093 SF
Lot 1.91 ac (83,200 SF)
Zoning code DD-S1
APN 105118
UPID US53-1169705
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
  • Geerhouse Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.10M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.94M
Owner & transaction history
Geerhouse Owner LLC · 4 yrs held
Geerhouse Owner LLC
since 2021
Last sale
$2.8M
4 recorded transactions
2024
Price N/A
2023
Price N/A
2021
Price N/A
2020
$2.8M
Zoning & alternative use
DD-S1 · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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