NNN Property with Retail
For Sale
Contact for pricing
1105 W Main Street Ste 100, Durham, NC 27701
A 2019 condominium component with expansive glazing, city views, and solar-equipped parking canopies serving common areas.
Property Size5,985 SF
Price / SF$467.84
Days on Market59
Property Features for 1105 W Main Street Ste 100
General Information
Standard status
Active
Size
5,985 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$177,059
Additional Details
Floor
Ground
Amenities
solar panels on parking canopies
Building Details
Year Built
2019
Tenancy
Single
Construction
brick
Listing Agency:
CityPlat LLC
Listed By:
Keith Bashi · License #NC 321210
Source:
Crexi
Added: Aug 17
Changed: Sep 30
Last Checked: Oct 12 at 7:46PM
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 CityPlat LLC
Investment Insights
Based on property information with market context.
This 5,985-square-foot commercial condominium is part of a 34-unit Main Street building completed in 2019. The ground-level space features floor-to-ceiling glass, panoramic city views, and a contemporary material palette incorporating brick, metal, and wood. The property is identified as an NNN asset and includes retail space within the building’s condominium configuration.
Solar panels are installed on the parking canopies and help supply power to the common areas. The property is located at 1105 W Main Street, Suite 100, in Durham, North Carolina, adjacent to the Brightleaf district. Its combination of street-level commercial space, extensive glazing, and shared sustainable infrastructure defines the offering.
Solar panels are installed on the parking canopies and help supply power to the common areas. The property is located at 1105 W Main Street, Suite 100, in Durham, North Carolina, adjacent to the Brightleaf district. Its combination of street-level commercial space, extensive glazing, and shared sustainable infrastructure defines the offering.
Key Highlights
- 5,985 SF commercial condominium at 1105 W Main Street, Suite 100
- Part of a 34‑unit Main Street condominium building completed in 2019
- Ground‑level retail space with floor‑to‑ceiling glass windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,798
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,615,960
$1.6M
Cap Rate 7%
$1,154,257
$1.2M
Cap Rate 9%
$897,756
$897.8K
Market Conditions
NOI Build-Up for 5,985 SF
Gross rent
$143.6K $24.00/SF
− Vacancy
−$14.4K −$2.40/SF
EGI
$129.3K $21.60/SF
− OpEx
−$48.5K −$8.10/SF
NOI
$80.8K $13.50/SF
Area
Durham, NC
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,615,960
Cap Rate 7%
$1,154,257
Cap Rate 9%
$897,756
Alternative Uses
Best Use
Mixed Use
$1.15M
$1.01M – $1.35M
NOI $80,798 @ 7.0% cap · market cap 2.89%
Second Best
Retail
$985.7K
$862.5K – $1.15M
NOI $69,001 @ 7.0% cap · market cap 2.46%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,284 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,438
Businesses Nearby
30k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Dining 18%
Hotels & Casinos 13%
State Employees Credit Union
Shops & Services
9,259 visits/mo
0.4 miles
Shell
Shops & Services
8,858 visits/mo
0.1 miles
Residence Inn by Marriott Durham McPherson/Duke University Medical Center Area
Hotels & Casinos
3,934 visits/mo
0.1 miles
Domino's Pizza
Dining
2,734 visits/mo
0.2 miles
Jeni's Splendid Ice Creams
Dining
2,524 visits/mo
0.0 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - A 2019 condominium component with expansive glazing, city views, and solar-equipped parking canopies serving common areas.
Where is this nnn property located?
The property is located at 1105 W Main Street Ste 100 Durham, NC.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 5,985 SF commercial condominium at 1105 W Main Street, Suite 100; Part of a 34‑unit Main Street condominium building completed in 2019; Ground‑level retail space with floor‑to‑ceiling glass windows
