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Duke Health Center Morreene Road

Off-Market

932 Morreene Road, Durham, NC 27705

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

  • Property Type Office - Medical Office
  • Property Size 27,441 SF
  • Lot Size 2.87 Acre
  • Parking Spaces Avail. 134
  • Parking Ratio 4.90/ 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 2000

Location

  • City Durham, NC
  • Neighborhood Crest Street
  • 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 Mar, 2017
  • 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

  • Property Tax in 2021 $65,929
  • Market Value* $5,175,386
  • Assessed Value $5,175,386

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 Duke Health Center Morreene Road?

Duke Health Center Morreene Road totals 27,441 square feet.

When was this property built?

Duke Health Center Morreene Road was built in 2000.

When was Duke Health Center Morreene Road last sold?

Duke Health Center Morreene Road was last sold on 09 Mar, 2017.

What is the property tax for Duke Health Center Morreene Road?

The property tax for Duke Health Center Morreene Road in 2021 was $65,929.

What is the market value for Duke Health Center Morreene Road?

The market value* for Duke Health Center Morreene Road in 2021 was $5,175,386.
*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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