First Floor Office
For Sale
Contact for pricing
Pending
100 E Parrish St Suite 100, Durham, NC 27701
Office condo for sale in well-maintained building.
Property Size2,336 SF
Days on Market1047
Property Features for 100 E Parrish St Suite 100
General Information
Standard status
Pending
Size
2,336 SF
Property subtype
Office
Building Details
Year Built
1984
Listing Agency:
Maverick Partners
(919) 682-0501
Listed By:
Ian Niedel · License #NC 216187
Source:
Crexi
Added: Sep 19, 2023
Changed: Jul 10
Last Checked: Jul 30 at 8:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Maverick Partners
Investment Insights
Based on property information with market context.
This commercial property features a condo for sale, comprising the entire first floor of a well-maintained building. Suite 100 offers approximately 2,336 square feet. The central location provides convenient access to parking, restaurants, bars, and Durham City and County offices. The layout includes several conference rooms, private offices, and a kitchen. This office space is suitable for attorneys, therapists, financial planners, or other professional service providers.
Key Highlights
- Two condos available together for $925,000, offering approximately 3,852 sq ft.
- Option to purchase individual condos: Suite 100 (approx. 2,336 sq ft) for $525,000 and Suite 150 (approx. 1,516 sq ft) for $400,000.
- Central location close to parking, restaurants, bars, and Durham City and County offices.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.3k | $24.96 |
| − Vacancy | −$10.2k | −$4.37 |
| EGI | $48.1k | $20.59 |
| − OpEx | −$12.0k | −$5.15 |
| NOI | $36.1k | $15.44 |
2,336 SF · lease $24.96/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$515.4K
$451.0K – $601.3K
NOI $36,077 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$754.3K
$660.0K – $880.0K
NOI $52,802 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,126
Businesses Nearby
Explore this area
Business Placement
Demographics for 27701, NC
25,208
Population
13,409
Households
1.9
Avg Household Size
34
Median Age
50%
College-Educated
85%
High-School Grad
5.2 sq mi
ZIP Area
4,848
Density / Sq Mi
$66,852
Median Household Income
$47,681
Median Earnings
$1,279
Median Rent
$457,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Office condo for sale in well-maintained building.
Where is this office units located?
The property is located at 100 E Parrish St Suite 100 Durham, NC.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two condos available together for $925,000, offering approximately 3,852 sq ft.; Option to purchase individual condos: Suite 100 (approx. 2,336 sq ft) for $525,000 and Suite 150 (approx. 1,516 sq ft) for $400,000.; Central location close to parking, restaurants, bars, and Durham City and County offices.
