• 1201 South Briggs Avenue
  • 1201 South Briggs Avenue
  • +1 image 1201 South Briggs Avenue
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1201 South Briggs Avenue

Off-Market

1201 South Briggs Avenue, Durham, NC 27703

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 26,936 SF
  • Lot Size 4.52 Acre
  • Parking Spaces Avail. 113
  • Parking Ratio 4.20/ 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 2006

Location

  • City Durham, NC
  • Neighborhood North Carolina Central University
  • Zip Code 27703
  • Market Raleigh Durham

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Durham

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Durham Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $25.76
  • 2020 Office Vacancy Rate 15.82%
  • 2020 Office Completions (SF) 363,540

Durham Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per SF $301.74
  • 2020 Office Sales Volume $922.6M
  • 2020 Number of Transactions 9
View more Durham market trends

Tax

  • Base Tax $52,305
  • Market Value* $4,105,944
  • Assessed Value $4,105,944

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 1201 South Briggs Avenue?

1201 South Briggs Avenue totals 26,936 square feet.

When was this property built?

1201 South Briggs Avenue was built in 2006.

What is the market value for 1201 South Briggs Avenue?

The market value* for 1201 South Briggs Avenue in 2021 was $4,105,944.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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