Durham Mutual Tower
Price
Price on request
Price/Sq Ft
$13.00
Description
The Most Storied and Recognizable Office Tower in Downtown Durham Mutual Tower is the most iconic office building in Durham, standing 14 stories tall and 180,402 SF with a history as rich as Durham itself. With approximately $13 million of recent and pending capital improvements and new ownership under Turnbridge Equities, Mutual Tower has positioned itself as an modern office environment with a highly-sought-after downtown Durham location without new construction market rates.
Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.
Market Context
As of Q1 2025, the Raleigh retail market showed a 21.0% vacancy rate, average asking rents near $38.19/SF/yr, and rents up 3.1% year over year. Source: Cushman & Wakefield Q1 2025 market report.
Projected current pricing
low confidenceModeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2025 curated:survey data (cap rate 5.9%, asking rent held flat).
Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Compare it against other retail listings for sale in Durham, NC to benchmark pricing and space — view the full market.
Retail market FAQ
- Is the Raleigh retail market tightening or softening?
- Vacancy is around 21.0%, with asking rents rising year over year (Q1 2025).
Unified Estimate
Very Low ConfidenceRate-first confidence-weighted blend with cost-of-business adjustment.
No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market richmond (similarity: 100%) with 7 comparable listings.
Sale Price History
Market report quarterly trend fallback
- Avg Rent ($/SF/yr) (market data)
- Vacancy %
Investment Analysis
Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.
Financing Assumptions
Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.
Market Employment Trend
December 2025 • Source: BLS QCEW
Economic Indicators
Source: FRED
Market Demographics
Census ACS 20242024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau
Assumptions
- Interest rate: 6.47% (FRED live)
- Loan term: 25 years
- Down payment: 25.0%
- Market comparison: retail in durham, NC
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