Restaurant with Included
2300 Chapel Hill Road Durham, NC 27707
2300 Chapel Hill Road, Durham, NC, 27707
$975,000
For Sale
$975,000
Restaurant for sale with the property and business included, positioned in Durham’s urban tier near Duke University.
Property Size3,600 SF
Price / SF$270.83
Days on Market694
Property Features for 2300 Chapel Hill Road
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 2004
Listing agency
Heda, Hisham Kamel
(919) 810-8496
Listed by
Hisham K Heda · License #270023
(919) 810-8496
Source
Compass
Added: Aug 27, 2024 Updated: Jul 21 at 12:00AM Checked: Jul 21 at 6:15AM
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 Heda, Hisham Kamel
Investment Insights
Based on property information with market context.
This for-sale restaurant offering includes both the property and the business. The sale is presented as an owner-to-retirement transition, making it a straightforward acquisition for an operator looking for a turnkey restaurant footprint.
The restaurant is located on Chapel Hill Road in Durham’s urban tier, a few minutes from Duke University and Durham downtown. The surrounding area is described in the offering as an active, growing market.
Interested parties should note the listing is specifically structured as a combined property-and-business sale.
The restaurant is located on Chapel Hill Road in Durham’s urban tier, a few minutes from Duke University and Durham downtown. The surrounding area is described in the offering as an active, growing market.
Interested parties should note the listing is specifically structured as a combined property-and-business sale.
Key Highlights
- Restaurant for sale with the property and business included
- Located in Durham’s urban tier near Duke University and downtown Durham
- Accessible approach with ramp
Local Financial Insights For Specialty Retail
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 | $75.6k | $21.00 |
| − Vacancy | −$4.9k | −$1.37 |
| EGI | $70.7k | $19.64 |
| − OpEx | −$17.7k | −$4.91 |
| NOI | $53.0k | $14.73 |
3,600 SF · lease $21.00/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$757.4K
$662.7K – $883.6K
NOI $53,015 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,374 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Golden Pizza & Subs
Take-out & Catering
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Restaurant for sale with the property and business included, positioned in Durham’s urban tier near Duke University.
Where is this conventional restaurant located?
The property is located at 2300 Chapel Hill Road Durham, NC.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Restaurant for sale with the property and business included; Located in Durham’s urban tier near Duke University and downtown Durham; Accessible approach with ramp
