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For sale
Office Units
NC
Durham
27701
100 E Parrish St Suite 150

Downtown Durham Office Condo

100 E Parrish St Suite 150, Durham, NC 27701

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For Sale

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Office condo in downtown Durham, close to amenities.

Type:Office

Property size:

1,516 SF

Price / SF:

$280/SF

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.
Suite 100 (approx 2,336 sf) offered at $525,000.
Suite 150 (approx 1516 sf) offered at $400,000.
Set up with several conference rooms, private offices, and a kitchen.

We can help!

Listing Contact

Ian Niedel

For Sale

Contact for pricing

Office condo in downtown Durham, close to amenities.

Type:Office

Property size:

1,516 SF

Price / SF:

$280/SF

Added:: May 30, 2023
Days on Market:: 1114
Last Refresh:: May 12 at 9:28 pm

Property Features for 100 E Parrish St Suite 150

General Information

Standard status: Active
Size: 1,516 SF
Property subtype: Office

Building Details

Year Built: 1984

We can help!

Listing Contact

Ian Niedel

Listing agent Ian Niedel License #NC 216187

Listing office Maverick Partners

Listing date May 30, 2023

Source Crexi

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

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.
Suite 100 (approx 2,336 sf) offered at $525,000.
Suite 150 (approx 1516 sf) offered at $400,000.
Set up with several conference rooms, private offices, and a kitchen.

Overview

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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$37.8k	$24.96
− Vacancy	−$6.6k	−$4.37
EGI	$31.2k	$20.59
− OpEx	−$7.8k	−$5.15
NOI	$23.4k	$15.44

1,516 SF · lease $24.96/SF/yr · vacancy 17.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$334.5K

$292.7K – $390.2K (±1% cap)

NOI $23,413 @ 7.0% cap · market cap 5.51%

Second Best

—

no second resolved use

Theoretical Best

Office A

$489.5K

$428.3K – $571.1K (±1% cap)

NOI $34,267 @ 7.0% cap · market cap 8.06%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Frasier & Griffin, PLLC Law Firm Gabriela J Matthews ... Law Firm Roberti Wicker Lauffer ... Law Firm Hatch Rockers Immigration Law Firm Clayton & Myrick,PLLC Law Firm

Suggested Use

Location Insight

Map
Local Demand

City: Durham
County: Durham
State: North Carolina
Longitude: -78.9007233
Latitude: 35.9960108

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For sale
Office Units
NC
Durham
27701
100 E Parrish St Suite 150

What type of property is this?

Office units - Office condo in downtown Durham, close to amenities.

Where is this office units 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.