Industrial Flex Property with Fenced
1015 Ellis Road, Durham, NC 27703
New
Three-building industrial flex site includes multiple garage bays, a converted office, and a fully fenced yard for outdoor operations.
Type:Industrial
Property size:
4,940 SFLot size:
0.74 AcresPrice / SF:
$280/SF- Added:
- Jun 29, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 1 at 4:32 am
Property Features for 1015 Ellis Road
General Information
- Standard status
- Active
- Size
- 4,940 SF
- Lot size
- 0.74 Acres
- Property subtype
- Industrial
Listing office (919) 672-0479
Listing date Jun 29, 2026
Source Maverickpartners
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 Daniel Robinson
HighLights
- Three‑building industrial flex property totaling ±4,940 SF on a 0.74‑acre site in South Durham
- Four occupiable/leasable units: two warehouse/garage buildings (six bays, one subdivided into two units) plus a converted office building
- Fully fenced surplus yard with outdoor capacity for storage, equipment staging, fleet parking, or contractor laydown
- Six garage bays to support trade/service operations
- Parking for 35+ vehicles for on‑site contractor and fleet use
- Industrial (I) zoning for broad use flexibility
Overview
1015 Ellis Road is a three-building industrial flex property built to support trades and service businesses. The site includes two warehouse/garage buildings with a total of six garage bays, with one garage building subdivided into two occupiable units. A converted office building rounds out the configuration, providing office space alongside the warehouse and garage areas. The property also includes perimeter fencing and an operational parking and circulation setup designed for day-to-day service use.
The property is situated on a 0.74-acre site with industrial zoning. Parking is available for 35+ vehicles, creating capacity for fleet and contractor needs. The yard area is described as generous and is fully fenced, offering outdoor space intended for operational uses such as equipment staging, fleet parking, or contractor laydown.
For buyers seeking an industrial flex layout, the combination of multiple garage bays, office conversion space, and fenced outdoor storage can support a range of contractor and service-oriented operations. Owner-occupants and investors can evaluate the property’s four occupiable/leasable units and functional site design as a practical platform for logistics, warehousing, and trade services on a fenced, operationally focused footprint.
The property is situated on a 0.74-acre site with industrial zoning. Parking is available for 35+ vehicles, creating capacity for fleet and contractor needs. The yard area is described as generous and is fully fenced, offering outdoor space intended for operational uses such as equipment staging, fleet parking, or contractor laydown.
For buyers seeking an industrial flex layout, the combination of multiple garage bays, office conversion space, and fenced outdoor storage can support a range of contractor and service-oriented operations. Owner-occupants and investors can evaluate the property’s four occupiable/leasable units and functional site design as a practical platform for logistics, warehousing, and trade services on a fenced, operationally focused footprint.
Local 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 | $123.3k | $24.96 |
| − Vacancy | −$21.6k | −$4.37 |
| EGI | $101.7k | $20.59 |
| − OpEx | −$25.4k | −$5.15 |
| NOI | $76.3k | $15.44 |
4,940 SF · lease $24.96/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.09M
$953.7K – $1.27M
NOI $76,293 @ 7.0% cap · market cap 5.51%
Second Best
Industrial
$932.6K
$816.0K – $1.09M
NOI $65,279 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,663 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
X-Press Hail Works
Auto Repair Shop
Auto Art Collision
Auto Repair Shop
Beatty's Mechanical Services
General Contractor
Similar Places Nearby
- Triangle food & catering events LLC — 2610 Riddle Rd, Durham, NC 27703
- 2505 Commissary — 2505 Whilden Dr, Durham, NC 27713
Location Insight
- Map
- Local Demand
- City
- Durham
- County
- Durham
- State
- North Carolina
- Longitude
- -78.8713858
- Latitude
- 35.9597537
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Three-building industrial flex site includes multiple garage bays, a converted office, and a fully fenced yard for outdoor operations.
Where is this flex space located?
The property is located at 1015 Ellis Road Durham, NC.
What is the asking price?
The asking price for this property is $1,385,000.
What are key features of this property?
This property features: Three‑building industrial flex property totaling ±4,940 SF on a 0.74‑acre site in South Durham; Four occupiable/leasable units: two warehouse/garage buildings (six bays, one subdivided into two units) plus a converted office building; Fully fenced surplus yard with outdoor capacity for storage, equipment staging, fleet parking, or contractor laydown
