4113 Capitol StDurham, NC 27704

Property Details for 4113 Capitol St

Year built

1994

Lot size

0.49 AC

Property size (Sq ft)

5,600 SF

Zone code

OI

Property type

Office buildings

APN

172247

APU

172247

Description

This exceptional Class A medical office building, located at 4113 Capitol Street in Durham, NC, offers 2,400 square feet of immediately available space within a larger 5,600 square foot building. Built in 1995 and extensively renovated in 2023, the property boasts 11-foot ceilings and ample parking with 28 spaces. The single-story building features three suites in total, with the available space representing a significant portion of the building. Situated on a 0.55-acre lot in the desirable Durham-Raleigh submarket (Triangle area North Carolina), this property benefits from its location within the exclusive Independence Park medical community. The convenient location offers easy access to major healthcare facilities, including Duke Regional Hospital (less than a mile away), and numerous amenities such as Walgreens, CVS, and a variety of restaurants and banks within a one-mile radius. The property is zoned OI and is ideal for medical practices seeking a modern, well-maintained space in a thriving medical hub. The minimum divisible space is 2,400 square feet, making it suitable for a variety of medical tenants. Electricity is the power source.

• CAP approach

  CAP return

  Valuation

  6%

  $837,063

  6.5%

  $772,673

  7%

  $717,482

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,285,424

  Geo Method

  $1,285,424

• Alternative Use

  Use

  Valuation

  Residential

  $958,115

  Hospitality

  $877,628

  Educational

  $730,176

  Medical

  $755,288

  Retail

  $1,135,830

Location Insight

City

Durham

County

Durham

State

North Carolina

Latitude

36.0476

Longitude

-78.8983

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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