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Investment Highlights

  • Walking Distance to Duke University & Duke University Hospital
  • Income Producing
  • Investment or Future Owner-User Options

Executive Summary

Within walking distance to both the Duke University Campus & Duke University hospital. Strategically positioned within a strong professional corridor, the property offers convenient access to surrounding commercial amenities, workforce population centers, and major transportation routes, supporting both tenant retention and long-term owner-occupant usability.
This 4,000 SF two-story professional office building presents a rare opportunity for both investors and future owner-users seeking flexibility, income stability, and long-term control of their occupancy strategy. The property is legally configured as four separately entitled commercial condominium units (zoned O&I), currently combined and leased to a single tenant through December 2026, providing near-term income with multiple future repositioning options.
Upon lease expiration, a buyer may elect to occupy the entire building, occupy a portion while leasing remaining units, or reposition the property as a multi-tenant office investment. The existing condominium structure creates a unique opportunity to sell units individually in the future, enhancing liquidity and exit flexibility compared to traditional single-parcel office ownership.
The building is professionally built out for office use across two floors and supports a variety of professional, medical-adjacent, or service-based users (see table of permitted uses) seeking a scalable footprint with long-term ownership upside. This configuration is especially attractive to businesses planning future expansion while benefiting from interim rental income.
This offering represents a compelling combination of in-place income, separate unit entitlements, and future occupancy optionality—a profile rarely available in small-format office assets.

Data Room Click Here to Access

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,000 SF
Building Class
B
Year Built
2006
Price
$1,332,767 CAD
Price Per SF
$333.19 CAD
Cap Rate
7.93%
NOI
$105,716 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,000 SF
Building FAR
0.06
Lot Size
1.51 AC
Opportunity Zone
Yes
Zoning
O&I - Reference Table of Permitted Uses through the files attached.
Parking
25 Spaces (6.25 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Signage

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Pine Research
  • -
  • 99,999 SF
  • -
  • Jan 0000
Tenant Industry SF Occupied Rent/SF Lease End
Pine Research - 99,999 SF - Jan 0000
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
206195
Land Assessment
$0 CAD
Improvements Assessment
$269,997 CAD
Total Assessment
$269,997 CAD
  • Listing ID: 40321699

  • Date on Market: 2026-04-28

  • Last Updated:

  • Address: 2741 #100 Campus Walk Ave, Durham, NC 27705

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