Property profile

7010 Nc Hwy 751 Durham, NC 27707

OFF-MARKET
Office buildings
Property ID
US53-2998451
34,905 SF 5.03 ac lot Built 2013
Entity Owned 10-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,051 square foot medical office space is available for lease in Durham County, North Carolina. Located at 7010 NC Hwy 751, zip code 27707, this property presents a unique opportunity for medical professionals seeking a ready-to-occupy space. The building is classified as a multi-tenant office building, and currently, the entire 2,051 square feet is vacant, offering immediate occupancy. Previously utilized as a dentist's office, the space is well-suited for a variety of medical practices. Its location in Durham County provides convenient access to a thriving community and ample patient accessibility. The property's size makes it ideal for a single practice or a small group of medical professionals seeking collaborative space. The building's layout and features are designed to meet the specific needs of a medical practice, offering a functional and efficient workspace. This is a prime opportunity to establish or relocate your medical practice in a desirable Durham County location. The property is ready for immediate occupancy, allowing for a quick and seamless transition. Interested parties are encouraged to inquire for further details and scheduling a viewing. The property is situated at 35.9176074 latitude and -78.9619843 longitude.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 2013
Total area 34,905 SF
Lot 5.03 ac (219,107 SF)
Zoning code CG(D)
APN 135834
UPID US53-2998451

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7010 Nc Hwy 751 Durham, NC 27707-5733
Durham metro Census 2019 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$8.85M
Comparable Approach Comparable
$8.62M
Blend (final) Blend
$8.53M

Owner & transaction history

since 2015
5 recorded transactions
2015
Price N/A
2011
$512,000
2011
$1.7M
2006
$654,000
1969
Price N/A

Zoning & alternative use

CG(D) · Durham, NC
Zoning description

The CG District is established to provide for a wide variety of commercial activities of varying scales that are designed to be served by major thoroughfares, and other similar high-volume rights-of-way. It is the intent…

General category COMMERCIAL
Top alternative use upside
Apartment house (5+ units) $13.6M +114.3%
Auto repair, garage $10.2M +61.0%
Retail stores $8.6M +35.7%

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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