Downtown Durham Office
For Sale
$425,000
100 E Parrish St Suite 150, Durham, NC 27701
Office condo in downtown Durham, close to amenities.
Property Size1,516 SF
Price / SF$181.93
Days on Market224
Property Features for 100 E Parrish St Suite 150
General Information
Standard status
Active
Size
1,516 SF
Class
B
Property subtype
Office Condo
Site & Location
Neighborhood
Central Park
Building Details
Building Size
1,516 SF
Year Built
1984
Listed By:
Ian Niedel
(919) 349-9021
Source:
Maverickpartners
Added: Mar 26
Changed: Oct 25
Last Checked: Nov 3 at 4:16AM
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 Ian Niedel
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Investment Insights
Based on property information with market context.
This commercial property features a condo for sale, comprising a portion of the first floor in a well-maintained building. The unit, Suite 150, offers approximately 1516 square feet of space. 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, making it suitable for attorneys, therapists, financial planners, or other professional service providers. The property is situated in a prime location in Downtown Durham, with restaurants, bars, offices, the Durham Performing Arts Center (DPAC), the Durham Bulls Athletic Park (DBAP), and parking all within walking distance.
Key Highlights
- Two condos available together for $925,000, comprising the entire first floor.
- Prime downtown Durham location within walking distance to restaurants, bars, offices, DPAC, DBAP and parking.
- Suitable for professional service providers such as attorneys, therapists, or financial planners.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,077
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,540
$721.5K
Cap Rate 7%
$515,386
$515.4K
Cap Rate 9%
$400,856
$400.9K
Market Conditions
NOI Build-Up for 2,336 SF
Gross rent
$58.3K $24.96/SF
− Vacancy
−$10.2K −$4.37/SF
EGI
$48.1K $20.59/SF
− OpEx
−$12.0K −$5.15/SF
NOI
$36.1K $15.44/SF
Area
Durham, NC
Vacancy
17.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,540
Cap Rate 7%
$515,386
Cap Rate 9%
$400,856
Alternative Uses
Best Use
Office B
$515.4K
$451.0K – $601.3K
NOI $36,077 @ 7.0% cap · market cap 8.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$754.3K
$660.0K – $880.0K
NOI $52,802 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,126
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office condo in downtown Durham, close to amenities.
Where is this office unit located?
The property is located at 100 E Parrish St Suite 150 Durham, NC.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two condos available together for $925,000, comprising the entire first floor.; Prime downtown Durham location within walking distance to restaurants, bars, offices, DPAC, DBAP and parking.; Suitable for professional service providers such as attorneys, therapists, or financial planners.
