3710 University DrDurham, NC 27707

Property Details for 3710 University Dr

Year built

1985

Lot size

6.06 AC

Property size (Sq ft)

58,775 SF

Zone code

CC,OI

Property type

Office buildings

APN

121590

APU

121590

Description

This exceptional three-story office building, totaling 58,249 square feet, presents a unique opportunity in Durham's vibrant Durham submarket. Located at 3710 University Drive, this Class B property boasts a prime location, steps away from the University Hill mixed-use development, offering unparalleled convenience and walkability to a variety of amenities including O2 Fitness and numerous restaurants and retail establishments. The building features six total suites, with multiple tenancy options ranging from a minimum of 1,571 square feet to a maximum contiguous space of 3,374 square feet. Currently, 13,548 square feet of space is available. Built in 1988, the building has recently undergone significant renovations, including a completed exterior refresh. Two move-in-ready, pre-built suites are immediately available, along with a newly added first-floor tenant hub. Further common area amenity enhancements are planned for the near future. This property offers a blend of established infrastructure and modern upgrades, making it an ideal location for businesses seeking a thriving and convenient Durham address. The building is situated in Durham County, North Carolina, with easy access via zip code 27707.

• CAP approach

  CAP return

  Valuation

  6%

  $12,152,058

  6.5%

  $11,217,284

  7%

  $10,416,050

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,491,214

  Geo Method

  $13,491,214

• Alternative Use

  Use

  Valuation

  Residential

  $13,909,433

  Hospitality

  $12,740,965

  Educational

  $10,600,334

  Medical

  $10,964,895

  Retail

  $16,489,408

Location Insight

City

Durham

County

Durham

State

North Carolina

Latitude

35.9678

Longitude

-78.9502

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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