2828 Pickett RdDurham, NC 27705

Property Details for 2828 Pickett Rd

Year built

1990

Lot size

8.39 AC

Property size (Sq ft)

187,856 SF

Zone code

CG

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

121317

APU

121317

Description

This exceptional executive office space at 2828 Pickett Rd, Durham, NC 27705, offers a total of 9,207 square feet currently available for lease. The property is situated in Durham County and provides flexible tenancy options for multiple occupants. Individual suites range from a minimum of 169 square feet to a maximum contiguous space of 2,818 square feet, allowing for businesses of various sizes to find a suitable fit. With seven spaces currently available, this location presents a unique opportunity to establish a presence in a thriving Durham market. The building's total square footage ensures ample room for expansion or consolidation, catering to evolving business needs. The address is conveniently located at 2828 Pickett Rd, offering easy access to local amenities and transportation networks. This is an ideal location for businesses seeking high-quality, adaptable office space in a prime Durham County location. The property is classified as an office building with an executive office subtype, reflecting its sophisticated design and amenities. Interested parties are encouraged to inquire about lease terms and availability for this exceptional Durham office space. The property is entirely vacant, offering immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $34,819,044

  6.5%

  $32,140,654

  7%

  $29,844,894

• Comparable approach

  Method

  Valuation

  Relative Method

  $66,836,724

  Geo Method

  $66,836,724

• Alternative Use

  Use

  Valuation

  Residential

  $32,140,654

  Hospitality

  $29,440,668

  Educational

  $24,494,290

  Medical

  $25,336,686

  Retail

  $38,102,228

Location Insight

City

Durham

County

Durham

State

North Carolina

Latitude

35.975

Longitude

-78.9587

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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