2609 Duke StDurham, NC 27704

Property Details for 2609 Duke St

Year built

1978

Property size (Sq ft)

6,924 SF

Property type

Office properties

APN

212555

APU

212555

Description

This ±1,350 square foot office suite is located in Building 600 at Central Professional Park, a ten-building office park in north Durham, NC. Situated in a thriving medical submarket, this Class B, two-story building offers a prime location with easy access to major roadways including US 15-501, I-85/Hwy 70 E, and is conveniently close to downtown Durham, Duke Regional Hospital, Duke University, and the Durham VA Medical Center. The suite itself is ideal for medical practices and features a reception/waiting area, three exam rooms, a private office, a break area, and a lab. The building boasts abundant on-site parking, both in front and behind the building. Built in 1978, the 19,000 square foot building is zoned Office Institutional (OI) and is locally owned and managed. This multi-tenant building does not have elevators. One space is currently available for lease. This is a fantastic opportunity to establish or expand your medical practice in a highly desirable location. The property offers a blend of traditional, executive, creative, and medical office space options.

• CAP approach

  CAP return

  Valuation

  6%

  $1,034,968

  6.5%

  $955,356

  7%

  $887,116

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,589,335

  Geo Method

  $1,589,335

• Alternative Use

  Use

  Valuation

  Residential

  $1,184,641

  Hospitality

  $1,085,125

  Educational

  $902,811

  Medical

  $933,860

  Retail

  $1,404,373

Location Insight

City

Durham

County

Durham

State

North Carolina

Latitude

36.0305

Longitude

-78.9087

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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