Multi-Tenant Retail Corner
For Sale
$850,000
1715 Holloway St, Durham, NC 27703
Single-story retail corner property with an in-place tenant through 2028, offering stable investment income.
Property Size4,500 SF
Days on Market138
Property Features for 1715 Holloway St
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Retail
Site & Location
Traffic Count
18,900 vehicles/day
Highway Access
Yes
Building Details
Building Size
4,500 SF
Year Built
1973
Stories
1
Listing Agency:
Real Estate Associates, Inc.
Listed By:
Johnny Wehmann · License #243062
(919) 259-3618
Source:
Svn
Added: Jun 2
Changed: Oct 11
Last Checked: Oct 16 at 7:34AM
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 Real Estate Associates, Inc.
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Investment Insights
Based on property information with market context.
This single-story, multi-tenant retail building is configured as a multi-tenant investment and includes an established 1,500 SF tenant in place through 2028, with a renewal option for continued occupancy and stability. The property is positioned on a high-visibility corner lot and is suited for buyers looking for straightforward, income-oriented retail ownership.
Located on Holloway Street in east Durham, the asset benefits from strong visibility with approximately 18,900 vehicles per day (NCDOT 2025). It also offers convenient access to key regional destinations, with downtown Durham about 2 miles away and Interstate 885 roughly 0.5 miles from the property.
For investors seeking a balance of current income and long-term hold potential, this retail corner building provides a solid starting point with a tenant already in place through 2028. The combination of location visibility and an existing lease structure may support a conservative approach to underwriting while maintaining flexibility through the renewal option.
Located on Holloway Street in east Durham, the asset benefits from strong visibility with approximately 18,900 vehicles per day (NCDOT 2025). It also offers convenient access to key regional destinations, with downtown Durham about 2 miles away and Interstate 885 roughly 0.5 miles from the property.
For investors seeking a balance of current income and long-term hold potential, this retail corner building provides a solid starting point with a tenant already in place through 2028. The combination of location visibility and an existing lease structure may support a conservative approach to underwriting while maintaining flexibility through the renewal option.
Key Highlights
- Single‑story retail building built in 1973 on a high‑visibility corner lot
- Includes an in‑place tenant leasing 1,500 SF through 2028 with a renewal option
- Corner location on Holloway Street in east Durham, NC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,881
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,037,620
$1.0M
Cap Rate 7%
$741,157
$741.2K
Cap Rate 9%
$576,456
$576.5K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$81.0K $18.00/SF
− Vacancy
−$6.9K −$1.53/SF
EGI
$74.1K $16.47/SF
− OpEx
−$22.2K −$4.94/SF
NOI
$51.9K $11.53/SF
Area
Durham, NC
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,037,620
Cap Rate 7%
$741,157
Cap Rate 9%
$576,456
Alternative Uses
Best Use
Retail
$741.2K
$648.5K – $864.7K
NOI $51,881 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.70M
NOI $101,717 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
18,900 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
82k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 44%
Apparel 5%
Home Improvements & Furnishings 2%
McDonald's
Dining
24,978 visits/mo
0.1 miles
Shell
Shops & Services
9,767 visits/mo
0.1 miles
Little Caesars Pizza
Dining
8,578 visits/mo
0.1 miles
Family Dollar
Shops & Services
7,230 visits/mo
0.2 miles
Maxway
Shops & Services
5,959 visits/mo
0.2 miles
Demographics for 27703, NC
61,539
Population
27,122
Households
2.3
Avg Household Size
36
Median Age
45%
College-Educated
88%
High-School Grad
49.1 sq mi
ZIP Area
1,253
Density / Sq Mi
$86,953
Median Household Income
$51,462
Median Earnings
$1,469
Median Rent
$340,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Single-story retail corner property with an in-place tenant through 2028, offering stable investment income.
Where is this retail space located?
The property is located at 1715 Holloway St Durham, NC.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Single‑story retail building built in 1973 on a high‑visibility corner lot; Includes an in‑place tenant leasing 1,500 SF through 2028 with a renewal option; Corner location on Holloway Street in east Durham, NC
