1101 E Cornwallis, Durham, NC 27713
Leased industrial flex with heated warehouse, office, and concrete laydown yard on about 1.4 acres.
- Added:
- May 30, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 6 at 4:15 am
Property Features for 1101 E Cornwallis
General Information
- Standard status
- Active
- Size
- 6,831 SF
- Lot size
- 1.40 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1975
Listing agent Michael Hickey License #NC 219787
Listing office Triangle Real Estate Services LLC
Listing date May 30, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Triangle Real Estate Services LLC
HighLights
- Stand‑alone approx. 6,831 SF industrially zoned building for sale on about 1.4 acres near RTP, downtown Durham, and I‑40 & NC 55
- Includes approx. 5,800 SF heated warehouse and approx. 990 SF office with heat and air
- Outside concrete area approx. 2,500 SF for outside storage or potential space to enclose
- Potential laydown yard area for contractor, utility, fleet, or industrial outdoor storage use (subject to zoning and permitting)
- Current tenant lease runs through 2Q 2030; tenant would be open to a new longer‑term lease with agreeable terms
- Current base rent for 2026 is $78,800 plus TICAM of $9,100 with 3% annual increases
Overview
The current tenant is a pipe supplier serving the southeastern region and has a lease term through the second quarter of 2030. The tenant indicated they would be open to signing a new longer-term lease with agreeable terms. For 2026, base rent is $78,800 with TICAM of $9,100 and 3% annual increases. The property is positioned near RTP, downtown Durham, and I-40 & NC 55.
For buyers or operators seeking an industrial setup with both indoor and outdoor functionality, the combination of heated warehouse space and sizable outside concrete supports contractor, utility, fleet, or industrial outdoor storage use. Additional laydown yard area of just under 1.4 acres may be available for these purposes, subject to zoning and permitting requirements, making the site practical for tenants that need on-site work and storage space.
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 | $170.5k | $24.96 |
| − Vacancy | −$29.8k | −$4.37 |
| EGI | $140.7k | $20.59 |
| − OpEx | −$35.2k | −$5.15 |
| NOI | $105.5k | $15.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Durham
- County
- Durham
- State
- North Carolina
- Longitude
- -78.9031175
- Latitude
- 35.9484097
