Office Space - For Sale
2224 Chapel Hill Road Durham, NC 27707
Details & Description
Price: $12,250,000
  • Property Type Office for Sale : Professional
  • Lot Size Acres 14.820
  • Building Sq Ft 151,464
  • Building Price per Sq Ft $80.88
  • Land Sq Ft 645,559
  • Land Price per Sq Ft $18.98
Paradigm Park is a 2 building, 151,464 RSF Class A office building portfolio. The buildings are located in the RTP - Durham submarket. Both buildings, the Alpha Building and Beta Building total approximately 75,732 RSF and are four floors each. The buildings sit on a 14.82-acre site zoned O&I-2. Built in 1989 with renovations to the Beta Building in 2018. Target buyer is an owner-occupant or investor.
Property Highlights
Listing Agents
Jimmy Barnes

O: 919-714-7123
M: 919-210-5471
jbarnes@triprop.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

2224 Chapel Hill Road

Durham, NC 27707

Listing ID: 255145
$12,250,000
For Sale
  • Property Type Office for Sale : Professional
  • Lot Size Acres 14.820
  • Building Sq Ft 151,464
  • Building Price per Sq Ft $80.88
  • Land Sq Ft 645,559
  • Land Price per Sq Ft $18.98
  • 2224 Chapel Hill Road Durham, NC 27707 | for Sale | Photo 1
  • 2224 Chapel Hill Road Durham, NC 27707 | for Sale | Photo 2
  • 2224 Chapel Hill Road Durham, NC 27707 | for Sale | Photo 3
2224 Chapel Hill Road | for Sale | Thumbnail 1
2224 Chapel Hill Road | for Sale | Thumbnail 2
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Property Highlights
 Two 4-story Class A buildings totaling 151,464 RSF
 Buildings total 75,732 RSF each
 Zoned OI-2
 Target buyer is an owner-occupant or investor
 Located in the RTP - Durham submarket
 14.82 acre site
Description

Paradigm Park is a 2 building, 151,464 RSF Class A office building portfolio. The buildings are located in the RTP - Durham submarket. Both buildings, the Alpha Building and Beta Building total approximately 75,732 RSF and are four floors each. The buildings sit on a 14.82-acre site zoned O&I-2. Built in 1989 with renovations to the Beta Building in 2018. Target buyer is an owner-occupant or investor.

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Durham History of Office Space for Sale

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Durham Area Market Trends

Listing Demographics for 2224 Chapel Hill Road Durham, NC 27707

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population10,27588,918183,277
Population Median Age343436
Population by Age0-9 Yrs1466 (14%)11026 (12%)23930 (13%)
10-19 Yrs1356 (13%)12471 (14%)23021 (12%)
20-29 Yrs1676 (16%)19383 (21%)34638 (18%)
30-39 Yrs1827 (17%)14169 (15%)29963 (16%)
40-49 Yrs1312 (12%)9358 (10%)20589 (11%)
50-59 Yrs1262 (12%)8960 (10%)20508 (11%)
60-69 Yrs836 (8%)7941 (8%)17140 (9%)
70+ Yrs540 (5%)5609 (6%)13487 (7%)
Median HH Income$44,181$46,130$52,315
Total Household Income< 24K850 (21%)9420 (27%)16705 (22%)
25-49K1282 (32%)9013 (25%)18779 (25%)
50-74K424 (10%)5519 (15%)12613 (17%)
75-99K299 (7%)3128 (8%)8158 (11%)
100-199K697 (17%)5275 (15%)12838 (17%)
200K+385 (9%)2415 (6%)4857 (6%)
Highest Education LevelNo Diploma1024874017498
Diploma or GED1143910020401
Some College866740417329
Assoc. Degree22624746641
Bachelors Degree14311290329038
Higher Degree19621437629178
Total Housing Units4,19039,26581,108
--Owner-Occupied1,67913,09832,695
--Renter-Occupied2,25721,67241,255
Owner-Occupied Values< 100K5114423108
100-199K361349011178
200-299K49231068688
300-399K36219564291
400-499K18014282358
500K+23416763071
Total Working Age Population8,00472,568147,538
In Work Force5,42844,65997,226
Not In Work Force2,57627,90950,312
Workforce Employed5,17642,18392,227
Workforce Unemployed2522,3574,810
Civlian Workforce5,42844,54197,037
Military Workforce0118189
Total Households3,93734,77073,950
Family Households2,10017,24039,689
Non-Family Households1,83717,52934,261
Married Couple1,30710,15324,610
Other Family7937,08715,079
Married w/Child6684,3149,799
Single Male w/Child916941,823
Single Female w/Child4183,2356,668

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
North Carolina8,049,313+189,535,483+1110,630,691+1111,836,070
Durham County223,314+20267,587+20320,322+14366,111
Orange County118,227+13133,801+11148,610+10163,699
Wake County627,846+44900,993+231,109,883+201,328,336

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Raleigh Durham International Airport (RDU) 11
Piedmont Triad International Airport (GSO) 57
Roanoke–Blacksburg Regional Airport (ROA) 109