4918 Prospectus Drive

Off-Market

4918 Prospectus Drive, Durham, NC 27713

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  • Property Type Industrial - Manufacturing
  • Property Size 108,514 SF
  • Lot Size 16.72 Acre
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1983

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 07 Oct, 2020
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity 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.

  • 2022 Avg. Asking Rent $27.26
  • 2022 Office Vacancy Rate 21.89%
  • 2022 Office Completions (SF) 828,971

Durham Office Sales Trends

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

  • 2022 Avg. Price per SF $296.09
  • Y-o-Y Avg. PpSF Change 13.69%
  • 2022 Office Sales Volume $499.7M
  • 2022 Number of Transactions 15
View more Durham market trends

Location

Getting Around

  • Walk Score ®

    33/100 Car-Dependent
  • Transit Score ®

    24/100 Minimal Transit
  • Bike Score ®

    32/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Durham, NC
  • Neighborhood Research Triangle Park
  • Zip Code 27713
  • Market Raleigh Durham

Points of Interest

  • Zone 1: Prearranged Services

    5.90 miles

  • Zone 4: Limos

    5.94 miles

  • Durham

    7.26 miles

  • Cary

    9.56 miles

  • Red Ride Shuttle

    9.67 miles

  • Mobil

    0.34 miles

  • The Pantry

    0.55 miles

  • Circle K

    0.56 miles

  • Family Fare

    0.60 miles

  • BP

    0.60 miles

  • Marathon

    1.34 miles

  • Shell

    1.55 miles

  • Sheetz

    1.99 miles

  • Sheetz

    2.28 miles

  • Exxon

    2.55 miles

  • Fidelity Investments Parking Deck

    1.92 miles

  • American Tobacco Trail Parking

    2.64 miles

  • Regional Transit Center Park & Ride

    3.39 miles

  • Perimeter 6 Parking Deck

    4.15 miles

  • American Tobacco Trail Parking

    5.64 miles

  • RDU Park & Ride Lot 2

    6.18 miles

  • Cary Tennis Park North Lot

    6.26 miles

  • RDU Park & Ride Lot 3

    6.43 miles

  • Friday Center Park and Ride Lot

    6.67 miles

  • Patterson Place

    6.71 miles

  • Backyard BBQ Pit

    0.23 miles

  • True Flavors Diner

    0.28 miles

  • Papa Mojo's Roadhouse

    0.30 miles

  • Papa John's

    0.40 miles

  • Cook Out

    0.44 miles

  • Bojangles'

    0.47 miles

  • Subway

    0.50 miles

  • Wendy's

    0.52 miles

  • Basera Indian Cuisine

    0.54 miles

  • McDonald's

    0.56 miles

  • Food Lion

    0.49 miles

  • Halgo European Deli

    0.66 miles

  • Macy's

    2.72 miles

  • Harris Teeter

    2.74 miles

  • Nordstrom

    2.74 miles

  • Sprouts Farmers Market

    2.76 miles

  • Belk

    2.78 miles

  • Sears

    2.81 miles

  • JCPenney

    2.84 miles

  • Roses

    2.87 miles

  • Walgreens

    0.60 miles

  • Parkwood Volunteer Fire Department

    1.03 miles

  • Durham Fire Station Number 12

    1.55 miles

  • Duke Health Center at Southpoint

    2.51 miles

  • Riverbirch Building

    2.81 miles

  • Concentra Urgent Care

    3.01 miles

  • Concentra Physical Therapy

    3.02 miles

  • Durham Police Department Substation 4

    3.52 miles

  • Durham Fire Station Number 13

    3.68 miles

  • CVS/pharmacy

    4.12 miles

Frequently Asked Questions

What is the total square footage of 4918 Prospectus Drive?

4918 Prospectus Drive totals 108,514 square feet.

When was this property built?

4918 Prospectus Drive was built in 1983.

When was 4918 Prospectus Drive last sold?

4918 Prospectus Drive was last sold on 07 Oct, 2020.

What is the property tax for 4918 Prospectus Drive?

The property tax for 4918 Prospectus Drive in 2023-2024 was $138,644.

What is the market value for 4918 Prospectus Drive?

The market value* for 4918 Prospectus Drive in 2023-2024 was $10,584,369.
*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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