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32028417
32011386

2741 Campus Walk Avenue, Durham, NC 27705

RM
NC 315141
Aspire Homes
Listed by Aspire Homes
$975,000
41 days on market
Updated 34 days ago

FLEXIBLE OFFICE CONDOS

Details
Property Type Office, Mixed Use
Sub Type Executive Office, Traditional Office (+1)
Square Footage 4,000
Units 4
Cap Rate 7.93%
NOI $77,338
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 12/31/2026
Lease Options 0
Price per SqFt $244
Class B
Year Built 2012
Buildings 1
Stories 2
Lot Size (SqFt) 64,393
Zoning O&I
Investment Type Owner/User
Ground Lease No

FLEXIBLE OFFICE CONDOS

Marketing description

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.

Investment highlights

- 4,000 SF total

- 4 Individually Titled Condos

- Walking Distance to Duke University & Duke University Hospital

- Investment or Future Owner-User Options

- Income Producing

Listing Contacts

RM
NC 315141
Aspire Homes
Listed by Aspire Homes

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$77,337.61
$6,444.80/mo

Valuation Metrics

0
DSCR
7.93%
Cap Rate
7.93%
ROI

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Additional Information

Name
Rex Mattingly
License
315141
Brokerage
Aspire Real Estate and Development LLC
Brokerage Phone
9198107430
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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