114 E Main St Durham, NC 27701
Historic building with modern upgrades, suitable for multiple uses.
Property Features for 114 E Main St
General Information
- Standard status
- Active
- Size
- 2,386 SF
- Property subtype
- Retail, Mixed Use
Building Details
- Year Built
- 1920
Listing office Elite Commercial Group (919) 985-9416
Listing date May 20, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Elite Commercial Group
Investment Insights
Based on property information with market context.
Key Highlights
- Prime downtown Durham location near American Tobacco Campus, Durham Bulls Athletic Park, and DPAC
- Permits office, retail, and residential uses
- Historic charm with modern upgrades
Local Financial Insights For Mixed Use
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 | $57.3k | $24.00 |
| − Vacancy | −$5.7k | −$2.40 |
| EGI | $51.5k | $21.60 |
| − OpEx | −$19.3k | −$8.10 |
| NOI | $32.2k | $13.50 |
