Property profile

8210 Renaissance Pkwy Durham, NC 27713

OFF-MARKET
Retail space
Property ID
US53-3151306
175,918 SF 16.55 ac lot Built 2005
Entity Owned 22-yr Hold Free & Clear
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Property summary

AI-generated overview

Renaissance Village, located at 8210 Renaissance Pkwy, Durham, NC 27713, presents a significant retail opportunity. This mixed-use development boasts a total of 163,162 square feet of retail space, currently featuring one available unit of 1,450 square feet. Strategically positioned between two major Interstate 40 exits in Durham County, the property benefits from exceptional visibility and accessibility, ensuring high traffic volume. Its proximity to the Streets at Southpoint Mall further enhances its desirability within a rapidly expanding area of Durham. The surrounding demographics are exceptionally strong, with an average household income exceeding $117,559 within a three-mile radius. A remarkable 74.7% of households in this area earn over $50,000 annually, indicating a robust consumer base for retail businesses. This prime location offers unparalleled potential for businesses seeking high visibility and access to a thriving consumer market. The available 1,450 square foot space presents an ideal opportunity for a variety of retail uses. Contact us today to learn more about this exceptional retail property.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2005
Total area 175,918 SF
Lot 16.55 ac (720,918 SF)
Zoning code MU(D)
APN 143571
UPID US53-3151306

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
  • Specialty Food Shop Supermarket
  • Department Store
  • Physician
  • Physician
  • Physician

Location

8210 Renaissance Pkwy Durham, NC 27713-6688
Durham metro Census 2021 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
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Comparable Approach Comparable
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Blend (final) Blend
$16.51M

Owner & transaction history

since 2004
1 recorded transaction
2004
$7.4M

Zoning & alternative use

MU(D) · Durham, NC
Zoning description

The MU District is established to provide innovative opportunities for an integration of diverse but compatible uses into a singledevelopmentthat is unified by distinguishable design features. In addition to a mixture of…

General category MIXED_USE

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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