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2617 Durham Chapel Hill Blvd 2,752 SF 100% Leased Retail Building Durham, NC 27707 $780,000 ($283.43/SF) 7.27% Cap Rate
Investment Highlights
- 2 Miles from US-501, 2.2 Miles from Durham Freeway
- Both HVAC Units Replaced in Last 4 Years
- Lower Floor Tenants Are on Month-to-Month Leases
- 18 Parking Spaces (6.5 per 1,000 SF)
- Currently Occupied by Salon and Office Users
Executive Summary
100% leased retail building with recent renovations. The lower-level tenants are currently month-to-month, providing a buyer with the immediate flexibility to either mark rents to market or utilize the space as an owner-occupant.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,752 SF
Building Class
C
Year Built
1983
Price
$780,000
Price Per SF
$283.43
Cap Rate
7.27%
NOI
$56,700
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.19
Lot Size
0.34 AC
Zoning
GC - General Commercial
Parking
18 Spaces (6.54 Spaces per 1,000 SF Leased)
Frontage
100’ on Durham Chapel Hill Blvd
Amenities
- Security System
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 121208 | Improvements Assessment | $205,770 |
| Land Assessment | $317,900 | Total Assessment | $523,670 |
Property Taxes
Parcel Number
121208
Land Assessment
$317,900
Improvements Assessment
$205,770
Total Assessment
$523,670
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2617 Durham Chapel Hill Blvd