3201 Yorktown AveDurham, NC 27713

Property Details for 3201 Yorktown Ave

Year built

1988

Property size (Sq ft)

536 SF

Zone code

R-8

Property type

Office properties

Property subtype

Other office properties

APN

156120

APU

156120

Description

This exceptional 916 square foot office suite presents a compelling investment opportunity in the thriving city of Durham, North Carolina. Strategically located just minutes from Interstate 40, downtown Durham, and the Research Triangle Park (RTP), this property enjoys unparalleled access to major transportation arteries and a robust business community. The suite itself comprises five well-appointed rooms, ideal for a variety of business configurations. A small kitchenette provides convenient workspace amenities, while a dedicated bathroom and a welcoming reception entrance enhance the professional atmosphere. Recent renovations include brand new flooring and a fresh coat of paint throughout, ensuring a modern and appealing space for tenants or an owner-occupier. The property's proximity to major employment centers and its attractive features make it exceptionally well-suited for generating strong rental income, representing a significant return on investment for discerning buyers. This turnkey office suite is ready for immediate occupancy, offering a rare chance to acquire a high-value asset in a rapidly growing market. Don't miss this opportunity to secure a prime piece of Durham commercial real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $110,821

  6.5%

  $102,296

  7%

  $94,989

• Comparable approach

  Method

  Valuation

  Relative Method

  $123,033

  Geo Method

  $123,033

• Alternative Use

  Use

  Valuation

  Residential

  $126,847

  Hospitality

  $116,192

  Educational

  $96,670

  Medical

  $99,995

  Retail

  $150,376

Location Insight

City

Durham

County

Durham

State

North Carolina

Latitude

35.9357

Longitude

-78.8932

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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