Building Details

Building Size 2,640 SF

Year Built 1980

Listing Agency: Century 21 Triangle Group s***@c21.com Show Phone

Listed By: Jose Cruz Labrada · License #312455 Show Phone

Source: Egglestonrealestate

Added: Jan 2, 2025 Changed: Oct 23 Last Checked: Oct 23 at 12:34PM

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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 Century 21 Triangle Group

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Investment Insights

Based on property information with market context.

This 2,640-square-foot auto shop in Durham was built in 1980 and is occupied by a tenant under a five-year double-net lease. The stated lease structure leaves the landlord responsible for the building structure, and the property carries a 7.5% cap rate.

Located at 901 E Trinity Avenue, the property is in Durham, North Carolina.

Key Highlights

• 2,640‑square‑foot auto shop
• Five‑year double‑net lease
• 7.5% cap rate

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,886

Cap Rate

4.78%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$697,720 $697.7K

Cap Rate 7%

$498,371 $498.4K

Cap Rate 9%

$387,622 $387.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,640 SF

Gross rent

$52.9K $20.04/SF

− Vacancy

−$3.1K −$1.16/SF

EGI

$49.8K $18.88/SF

− OpEx

−$15.0K −$5.66/SF

NOI

$34.9K $13.21/SF

Area

Durham, NC

Vacancy

5.80%

Lease Rate

$20.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$697,720

Cap Rate 7%

$498,371

Cap Rate 9%

$387,622

Alternative Uses

Best Use

Industrial

$498.4K

$436.1K – $581.4K (±1% cap)

NOI $34,886 @ 7.0% cap · market cap 4.78%

Second Best

Retail

$434.8K

$380.5K – $507.3K (±1% cap)

NOI $30,437 @ 7.0% cap · market cap 4.17%

Theoretical Best

Office A

$852.5K

$745.9K – $994.6K (±1% cap)

NOI $59,674 @ 7.0% cap · market cap 8.17%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Personal Touch Auto ... Car Wash Chris And Son Auto Repair Shop

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Florist Cosmetic Store Mobile Phone Store Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

531

Businesses Nearby

23k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 69% Groceries 22% Electronics 9%

Speedway Shops & Services

14,129 visits/mo 0.4 miles

Mi Pueblo Food Center Groceries

5,061 visits/mo 0.2 miles

Cricket Wireless Authorized Retailer Electronics

2,025 visits/mo 0.2 miles

Napa Auto Parts Shops & Services

1,317 visits/mo 0.4 miles

Demographics for 27704, NC

39,532

Population

16,824

Households

2.3

Avg Household Size

36

Median Age

33%

College-Educated

85%

High-School Grad

41.4 sq mi

ZIP Area

955

Density / Sq Mi

$62,435

Median Household Income

$36,955

Median Earnings

$1,306

Median Rent

$270,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Auto shop - The property is occupied under a five-year double-net lease.

Where is this auto shop located?

The property is located at 901 E Trinity Avenue Durham, NC.

What is the asking price?

The asking price for this property is $730,000.

What are key features of this property?

This property features: 2,640‑square‑foot auto shop; Five‑year double‑net lease; 7.5% cap rate