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Property profile & analytics
OFF-MARKET
Distribution centers

949 Washington St Durham, NC 27701

37,492 SF 3.17 ac lot Built 1955
Property ID
US53-1162085
Property summary
AI-generated overview

This exceptional 37,492-square-foot Class A industrial property, located at 949 Washington Street in Durham, North Carolina, presents a unique adaptive reuse opportunity. Built in 1955 and extensively renovated in 2021, this single, two-story building sits on a 3.17-acre lot and offers a flexible layout suitable for distribution, flex, or warehouse uses. The property boasts a 16-foot ceiling height, one loading dock with a 10' x 10' roll-up door, and ample parking (3.5 spaces per 1,000 square feet). The zoning is IND/WHSE-STORAGE, allowing for a variety of industrial applications. The building features a 90' x 235' high bay floor area and a 1600 Kva service with a 480V/200A panel. Potential exists for a 70' x 40' equipment yard for generator and process equipment/tanks. The property's prime downtown Durham location offers convenient access to amenities and is within walking distance of the Central Park Entertainment District. This is a rare opportunity to acquire a fully renovated, adaptable industrial space in a thriving urban environment. The property's specifications include column spacing of 23'8" x 30', and HVAC is custom by user. The building's design and construction were overseen by MHAworks (design team) and McDonald York (general contractor).

Property profile
Verified
Property type Distribution centers
Year built 1955
Total area 37,492 SF
Lot 3.17 ac (138,085 SF)
UPID US53-1162085
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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