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705 Broad Street


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


  • City Durham, NC
  • Neighborhood Old West Durham
  • Zip Code 27705
  • Market Raleigh Durham


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  • True Owner
  • Registered Owner


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  • Purchase Date 09 May, 1986
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Durham

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

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*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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