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705 Broad Street

Off-Market

705 Broad Street, Durham, NC 27705

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  • Property Type Office - General Office
  • Property Size 38,428 SF
  • Lot Size 2.37 Acre
  • Parking Spaces Avail. 184
  • Parking Ratio 4.80/ 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class C
  • Year Built 1954

Location

  • City Durham, NC
  • Neighborhood Old West Durham
  • Zip Code 27705
  • 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 Date 09 May, 1986
  • Purchase Price
  • Arm's Length True
  • Buyer Name

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 $71,410
  • Market Value* $5,605,677
  • Assessed Value $5,605,677

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 705 Broad Street?

705 Broad Street totals 38,428 square feet.

When was this property built?

705 Broad Street was built in 1954.

When was 705 Broad Street last sold?

705 Broad Street was last sold on 09 May, 1986.

What is the market value for 705 Broad Street?

The market value* for 705 Broad Street in 2021 was $5,605,677.
*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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