Renovated Flex Space with
For Sale
$6,525,000
1731 Camden Avenue, Durham, NC 27704
Two-building industrial property with office, manufacturing, loading, parking, and fenced-site functionality.
Property Size40,754 SF
Days on Market59
Property Features for 1731 Camden Avenue
General Information
Standard status
Active
Size
40,754 SF
Property subtype
Industrial Campus
Zoning
IL
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Sprinkler System
Yes
Building Details
Building Size
40,754 SF
Year Built
1976
Buildings
2
Listing Agency:
SVN - Real Estate Associates
Listed By:
Carey Greene · License #266741
(919) 949-5672
Source:
Svn
Added: Aug 8
Changed: Oct 5
Last Checked: Oct 5 at 5:12PM
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 SVN - Real Estate Associates
Investment Insights
Based on property information with market context.
This flex space offering includes two warehouse buildings configured with warehouse, manufacturing, office, and support areas. The 1976 improvements have undergone substantial upgrades, including a complete office renovation, new HVAC systems, plumbing improvements, upgraded warehouse lighting, new asphalt paving, multiple roof replacements, warehouse HVAC, new gutters, and a warehouse fire sprinkler system installed in 2026.
The property is zoned IL (Light Industrial), supporting industrial, warehouse, manufacturing, flex, and service commercial uses. The site provides loading, ample parking, and full fencing, with access to Downtown Durham, Duke University, Research Triangle Park, NC-147, I-885, I-40, and I-85. The address is 1731 Camden Avenue, Durham, NC 27704.
The property is zoned IL (Light Industrial), supporting industrial, warehouse, manufacturing, flex, and service commercial uses. The site provides loading, ample parking, and full fencing, with access to Downtown Durham, Duke University, Research Triangle Park, NC-147, I-885, I-40, and I-85. The address is 1731 Camden Avenue, Durham, NC 27704.
Key Highlights
- Two warehouse buildings with warehouse, manufacturing, office, and support space
- IL (Light Industrial) zoning
- Office renovation and multiple building‑system upgrades
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$538,539
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,770,780
$10.8M
Cap Rate 7%
$7,693,414
$7.7M
Cap Rate 9%
$5,983,767
$6.0M
Market Conditions
NOI Build-Up for 40,754 SF
Gross rent
$816.7K $20.04/SF
− Vacancy
−$47.4K −$1.16/SF
EGI
$769.3K $18.88/SF
− OpEx
−$230.8K −$5.66/SF
NOI
$538.5K $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%
$10,770,780
Cap Rate 7%
$7,693,414
Cap Rate 9%
$5,983,767
Alternative Uses
Best Use
Office B
$8.99M
$7.87M – $10.49M
NOI $629,405 @ 7.0% cap · market cap 9.65%
Second Best
Industrial
$7.69M
$6.73M – $8.98M
NOI $538,539 @ 7.0% cap · market cap 8.25%
Theoretical Best
Office A
$13.16M
$11.51M – $15.35M
NOI $921,194 @ 7.0% cap · market cap 14.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Esser's Commissary — 1902 E Geer St, Durham, NC 27704
Frequently Asked Questions
What type of property is this?
Flex space - Two-building industrial property with office, manufacturing, loading, parking, and fenced-site functionality.
Where is this flex space located?
The property is located at 1731 Camden Avenue Durham, NC.
What is the asking price?
The asking price for this property is $6,525,000.
What are key features of this property?
This property features: Two warehouse buildings with warehouse, manufacturing, office, and support space; IL (Light Industrial) zoning; Office renovation and multiple building‑system upgrades
