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Renaissance Center - 7011 Fayetteville Road

Off-Market

7011 Fayetteville Road, Durham, NC 27713

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  • Property Type Office - Medical Office
  • Property Size 43,192 SF
  • Lot Size 2.88 Acre
  • Parking Spaces Avail. 159
  • Parking Ratio 3.70/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 2004

Location

  • City Durham, NC
  • Neighborhood Wellington Forest
  • Zip Code 27713
  • 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 05 Apr, 2016
  • 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.

  • 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 $91,794
  • Market Value* $7,205,795
  • Assessed Value $7,205,795

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 Renaissance Center - 7011 Fayetteville Road?

Renaissance Center - 7011 Fayetteville Road totals 43,192 square feet.

When was this property built?

Renaissance Center - 7011 Fayetteville Road was built in 2004.

When was Renaissance Center - 7011 Fayetteville Road last sold?

Renaissance Center - 7011 Fayetteville Road was last sold on 05 Apr, 2016.

What is the property tax for Renaissance Center - 7011 Fayetteville Road?

The property tax for Renaissance Center - 7011 Fayetteville Road in 2021 was $91,794.

What is the market value for Renaissance Center - 7011 Fayetteville Road?

The market value* for Renaissance Center - 7011 Fayetteville Road in 2021 was $7,205,795.
*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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