Office Space / North Carolina / Durham / 27707 / 2224 Chapel Hill Road

2224 Chapel Hill Road

Q: What is the asking price for 2224 Chapel Hill Road in Durham?

The asking price for 2224 Chapel Hill Road is $12,250,000

Q: What is the building size of this Office property in Durham, NC?

The size of the building/unit at 2224 Chapel Hill Road in Durham is 151,464 square feet.

Q: How much land does the Durham, NC property at 2224 Chapel Hill Road include?

2224 Chapel Hill Road in Durham includes 14.820 acres of land.

Q: What kind of Office is the propery at 2224 Chapel Hill Road?

The property at 2224 Chapel Hill Road Durham, NC 27707 is listed as a Professional Office property.

Q: What is the population within 1 mile of 2224 Chapel Hill Road?

The population within 1 mile of 2224 Chapel Hill Road Durham, NC 27707 is 10,275 people.

Q: Who do I contact for questions about 2224 Chapel Hill Road?

You should contact the listing agent, Jimmy Barnes, for any details regarding this commercial listing.

Durham, NC 27707

Listing ID: 255145

Print Single-Page Version

2224 Chapel Hill Road | for Sale | Thumbnail 1

2224 Chapel Hill Road | for Sale | Thumbnail 2

2224 Chapel Hill Road | for Sale | Thumbnail 3

Building Size: 151,464 SF

Lot Size: 14.820 AC

Land Size: 645,559 SF

Building $/SF: $80.88

Land $/SF: $18.98

Price

$12,250,000

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

Loan and Amortization Calculator

Listing Price

Down Payment

Loan Amount:

Interest Rate:

Term (months):

Your Monthly Payment

$0.00

Total Principal: --

Total Interest: --

Total Cost: --

Month	Payment	Principal	Interest	Total Interest	Balance
$0.00	$0.00	$0.00	$0.00	$0.00	$0.00

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 Population		10,275	88,918	183,277
Population Median Age		34	34	36
Population by Age	0-9 Yrs	1466 (14%)	11026 (12%)	23930 (13%)
	10-19 Yrs	1356 (13%)	12471 (14%)	23021 (12%)
	20-29 Yrs	1676 (16%)	19383 (21%)	34638 (18%)
	30-39 Yrs	1827 (17%)	14169 (15%)	29963 (16%)
	40-49 Yrs	1312 (12%)	9358 (10%)	20589 (11%)
	50-59 Yrs	1262 (12%)	8960 (10%)	20508 (11%)
	60-69 Yrs	836 (8%)	7941 (8%)	17140 (9%)
	70+ Yrs	540 (5%)	5609 (6%)	13487 (7%)

Median HH Income		$44,181	$46,130	$52,315
Total Household Income	< 24K	850 (21%)	9420 (27%)	16705 (22%)
	25-49K	1282 (32%)	9013 (25%)	18779 (25%)
	50-74K	424 (10%)	5519 (15%)	12613 (17%)
	75-99K	299 (7%)	3128 (8%)	8158 (11%)
	100-199K	697 (17%)	5275 (15%)	12838 (17%)
	200K+	385 (9%)	2415 (6%)	4857 (6%)

Highest Education Level	No Diploma	1024	8740	17498
	Diploma or GED	1143	9100	20401
	Some College	866	7404	17329
	Assoc. Degree	226	2474	6641
	Bachelors Degree	1431	12903	29038
	Higher Degree	1962	14376	29178

Total Housing Units		4,190	39,265	81,108
--Owner-Occupied		1,679	13,098	32,695
--Renter-Occupied		2,257	21,672	41,255
Owner-Occupied Values	< 100K	51	1442	3108
	100-199K	361	3490	11178
	200-299K	492	3106	8688
	300-399K	362	1956	4291
	400-499K	180	1428	2358
	500K+	234	1676	3071

Total Working Age Population		8,004	72,568	147,538
In Work Force		5,428	44,659	97,226
Not In Work Force		2,576	27,909	50,312
Workforce Employed		5,176	42,183	92,227
Workforce Unemployed		252	2,357	4,810
Civlian Workforce		5,428	44,541	97,037
Military Workforce		0	118	189

Total Households		3,937	34,770	73,950
Family Households		2,100	17,240	39,689
Non-Family Households		1,837	17,529	34,261
Married Couple		1,307	10,153	24,610
Other Family		793	7,087	15,079
Married w/Child		668	4,314	9,799
Single Male w/Child		91	694	1,823
Single Female w/Child		418	3,235	6,668

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
North Carolina	8,049,313	+18	9,535,483	+11	10,630,691	+11	11,836,070
Durham County	223,314	+20	267,587	+20	320,322	+14	366,111
Orange County	118,227	+13	133,801	+11	148,610	+10	163,699
Wake County	627,846	+44	900,993	+23	1,109,883	+20	1,328,336

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

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.

Common Questions and Answers

What is the asking price for 2224 Chapel Hill Road in Durham?

The asking price for 2224 Chapel Hill Road is $12,250,000

What is the building size of this Office property in Durham, NC?

The size of the building/unit at 2224 Chapel Hill Road in Durham is 151,464 square feet

How much land does the Durham, NC property at 2224 Chapel Hill Road include?

2224 Chapel Hill Road in Durham includes 14.820 acres of land

What kind of Office is the propery at 2224 Chapel Hill Road?

The property at 2224 Chapel Hill Road Durham, NC 27707 is listed as a Professional Office property

What is the population within 1 mile of 2224 Chapel Hill Road in Durham?

The population within 1 mile of 2224 Chapel Hill Road Durham, NC 27707 is 10,275 people.

Who do I contact for questions about 2224 Chapel Hill Road?

You should contact the listing agent, Jimmy Barnes, for any details regarding this commercial listing.

Other Listings for Sale Nearby

Address	Price	Sq Ft	Acres
3721 University Drive, Durham, NC	$185,000	1300	-
2515 North Carolina 55, Durham, NC	CALL	13114	1
3114 Croasdaile Drive, Durham, NC	$3,400,000	45600	3.73
4119 Capitol Street, Durham, NC	$775,000	3095	1
4516 North Roxboro Street, Durham, NC	$750,000	4410	1.06
1502 North Carolina 54, Durham, NC	$440,000	5000	1
67 TW Alexander Drive, Durham, NC	$8,500,000	46800	12.5
2224 North Carolina 54, Durham, NC	$12,250,000	151464	14.82
308 West Rosemary Street, Chapel Hill, NC	$1,200,000	39613	1
308 West Rosemary Street, Chapel Hill, NC	$1,200,000	39613	1.5

Closest Commercial Airports

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