4011 University DrDurham, NC 27707

Property Details for 4011 University Dr

Year built

1989

Lot size

1.43 AC

Property size (Sq ft)

26,706 SF

Zone code

CN

Property type

Banks

APN

137089

APU

137089

Description

Truist Plaza offers a prime office opportunity in Durham County. This three-story, 20,870 square foot building, constructed in 1989, boasts a single building with 90 total parking spaces. Currently, 3,813 square feet of space is available for lease, including one contiguous space of 2,596 square feet. The building is strategically located at the corner of University Drive and Shannon Road, providing convenient access to major thoroughfares including highways 15/501, I-40, and I-85. Its proximity to Duke Hospital and Duke University (less than 3 miles) and Downtown Durham (less than 5 miles) makes it highly desirable. The property benefits from excellent visibility and convenient entrances from both University Drive and Shannon Road. A variety of walkable amenities are nearby, enhancing the convenience for employees and visitors. The building enjoys a strong tenant roster, including established businesses such as Truist Bank and Kennon Craver Law Firm, creating a stable and reputable environment. This is an exceptional opportunity to secure office space in a well-maintained building within a thriving and highly sought-after Durham location. The available space presents a chance to establish a presence in a building with a proven track record and a strong tenant mix.

• CAP approach

  CAP return

  Valuation

  6%

  $8,116,772

  6.5%

  $7,492,406

  7%

  $6,957,234

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,447,840

  Geo Method

  $15,447,840

• Alternative Use

  Use

  Valuation

  Residential

  $6,320,124

  Hospitality

  $5,789,200

  Educational

  $4,816,546

  Medical

  $4,982,195

  Retail

  $7,492,406

Location Insight

City

Durham

County

Durham

State

North Carolina

Latitude

35.9653

Longitude

-78.9563

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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