Five-Bay Auto
For Sale
$1,000,000
2410 Angier Avenue, Durham, NC 27703
COMMERCIAL - Durham, NC
Property Size4,000 SF
Lot Size0.81 Acres
Price / SF$250
Days on Market221
Property Features for 2410 Angier Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CT
Standard status
Active
APN
114525
Size
4,000 SF
Lot size
0.81 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Prop-Jes Proeprties/Dba-E L Paisano Auto/Lt#01 Dba Pl:000136-000055
Tax Annual Amount
2416
Legal Description
Prop-Jes Proeprties/Dba-E L Paisano Auto/Lt#01 Dba Pl:000136-000055
Amenities
bathroom per bay
office space
storage
Building Details
Year built
1987
Floors in Building
1
Building materials
Brick, Concrete
Listing Agency:
eXp Realty, LLC - C
(888) 584-9431
Listed By:
Nakyshia Royster
(919) 438-2658
Added: Jan 9
Changed: Aug 4
Last Checked: Aug 18 at 2:06PM
MLS# 10140397
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,000-square-foot automotive service property sits on 0.81 acres and was built in 1987. The layout includes five service bays, with two equipped with vehicle lifts, along with a dedicated office and a bathroom serving each bay. Brick and concrete construction supports a practical setup for automotive, industrial, or other service-oriented operations. Ample parking and storage are also included.
The property is located at 2410 Angier Avenue in Durham, within ZIP Code 27703. CT zoning is in place, and the building is currently tenant occupied, allowing the property to function as an operating commercial asset while supporting ongoing rental income.
The property is located at 2410 Angier Avenue in Durham, within ZIP Code 27703. CT zoning is in place, and the building is currently tenant occupied, allowing the property to function as an operating commercial asset while supporting ongoing rental income.
Key Highlights
- Five service bays, including two equipped with lifts
- 4,000 SF building on 0.81 acres
- Each service bay has its own bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,858
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,057,160
$1.1M
Cap Rate 7%
$755,114
$755.1K
Cap Rate 9%
$587,311
$587.3K
Market Conditions
NOI Build-Up for 4,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$80.2K $20.04/SF
− Vacancy
−$4.6K −$1.16/SF
EGI
$75.5K $18.88/SF
− OpEx
−$22.7K −$5.66/SF
NOI
$52.9K $13.21/SF
Area
Durham, NC
Vacancy
5.80%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,057,160
Cap Rate 7%
$755,114
Cap Rate 9%
$587,311
Alternative Uses
Best Use
Industrial
$755.1K
$660.7K – $881.0K
NOI $52,858 @ 7.0% cap · market cap 5.29%
Second Best
Retail
$658.8K
$576.5K – $768.6K
NOI $46,116 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,415 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Service bays
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
2k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 100%
Ferguson
Home Improvements & Furnishings
2,215 visits/mo
0.4 miles
Demographics for 27703, NC
61,539
Population
27,122
Households
2.3
Avg Household Size
36
Median Age
45%
College-Educated
88%
High-School Grad
49.1 sq mi
ZIP Area
1,253
Density / Sq Mi
$86,953
Median Household Income
$51,462
Median Earnings
$1,469
Median Rent
$340,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Rey body shop — 924 Carter Ave, Durham, NC 27703
- C.A.R Refinishing LLC. — 924 Carter Ave #7, Durham, NC 27703
- Mason’s Towing and Tires — 924 Carter Ave #9, Durham, NC 27703
- L&J Auto Repair — 924 Carter Ave suite 5, Durham, NC 27703
- Perla Auto Repair & Collision — 3209 Angier Ave, Durham, NC 27703
Frequently Asked Questions
What type of property is this?
Auto shop - Tenant-occupied commercial property with CT zoning, lift-equipped service capacity, office space, and on-site parking.
Where is this auto shop located?
The property is located at 2410 Angier Avenue Durham, NC.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Five service bays, including two equipped with lifts; 4,000 SF building on 0.81 acres; Each service bay has its own bathroom
