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    8210 Renaissance Pkwy Durham, NC 27713-6688
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    Property profile & analytics

    8210 Renaissance Pkwy Durham, NC 27713-6688

    View on Map
    • Retail space
    • 175,918 SF
    • 16.55 lot acres
    Off-Market
    Property ID
    US53-3151306
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $16,510,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Target Grocery / Specialty Food Shop / Supermarket
    • Target / Department Store
    • Dr. Jonathan Reynon / Physician
    • Dr. Michelle Yun / Physician
    • Shanar Lou / Physician

    Property Details for 8210 Renaissance Pkwy

    Year built
    2005
    Lot size
    16.55 lot acres
    Property size
    175,918 SF
    Zone code
    MU(D)
    Property type
    Retail space
    APN
    143571
    APU
    143571

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.9562
    Latitude
    35.9031
    CBSA code
    20500
    CBSA name
    DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $201,935
    $7,983,375
    $6,493,322
    $14,476,697
    -
    $7,983,375
    $6,493,322
    $14,476,697

    Comparable in this City

    • Value Estimation
      $3,795,000
      30,372 SF

      8160 Renaissance Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 30,372 SF
      8160 Renaissance Pkwy, Durham, NC 27713-6696
      View Details
    • Value Estimation
      $1,805,000
      10,125 SF

      2010 Sedwick Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,125 SF
      2010 Sedwick Rd, Durham, NC 27713-4452
      View Details
    • Value Estimation
      $800,000
      4,246 SF

      2204 Nc Hwy 54

      RETAIL STORES (PERSONAL SERVICES) • 4,246 SF
      2204 Nc Hwy 54, Durham, NC 27713-2208
      View Details
    • Value Estimation by Request
      1,311 SF

      5129 Nc Hwy 55th Ste, Unit 108

      RETAIL STORES (PERSONAL SERVICES) • 1,311 SF
      5129 Nc Hwy 55th Ste, Durham, NC 27713-9691
      View Details
    • Value Estimation by Request
      2,666 SF

      1914 Sedwick Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,666 SF
      1914 Sedwick Rd, Durham, NC 27713-9423
      View Details
    • Value Estimation
      $1,555,000
      10,087 SF

      4400 Fayetteville St

      RETAIL STORES (PERSONAL SERVICES) • 10,087 SF
      4400 Fayetteville St, Durham, NC 27713-1110
      View Details

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    Similar Nearby for Lease

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      Retail Space Near RTP

      Retail space in a vibrant neighborhood center near RTP.
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      Retail Space in Durham Center

      Retail space for lease in Durham, near RTP.
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      Retail Space in Durham Center

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    Durham, NC 27713-6688
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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