Mixed-Use Building with Rooftop
New
For Sale
$3,595,000
211 Rigsbee Ave, Durham, NC 27701
Ground-floor space is available below an occupied upper level, with zoning flexibility for office, retail, mixed-use, or residential use.
Property Size9,790 SF
Days on Market4
Property Features for 211 Rigsbee Ave
General Information
Standard status
Active
Size
9,790 SF
Property subtype
Mixed-use
Amenities
rooftop deck
sweeping views
Building Details
Building Size
9,790 SF
Construction
Mid-Century Modern
Tenancy
Multi
Listed By:
Chris Burnham
(919) 225-4778
Source:
Maverickpartners
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 11 at 4:29AM
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 Chris Burnham
Investment Insights
Based on property information with market context.
This mixed-use property pairs an available street-level space with a tenant in the upper portion. Renovations introduced modern finishes, while the loft-style design includes a butterfly roof and rooftop deck with expansive views. The zoning accommodates office, retail, mixed-use, and residential uses.
At 211 Rigsbee Avenue in downtown Durham’s central business district, the property is near the Durham Innovation District and dining and entertainment destinations including DPAC, American Tobacco Campus, Durham Bulls Athletic Park, and The Carolina Theatre. Access to Duke, RTP, RDU, and the broader Triangle is described as convenient.
At 211 Rigsbee Avenue in downtown Durham’s central business district, the property is near the Durham Innovation District and dining and entertainment destinations including DPAC, American Tobacco Campus, Durham Bulls Athletic Park, and The Carolina Theatre. Access to Duke, RTP, RDU, and the broader Triangle is described as convenient.
Key Highlights
- Available ground‑floor space with an in‑place tenant above
- Loft‑style space with a butterfly roof and rooftop deck
- Zoning supports office, retail, mixed‑use, or residential uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,165
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,643,300
$2.6M
Cap Rate 7%
$1,888,071
$1.9M
Cap Rate 9%
$1,468,500
$1.5M
Market Conditions
NOI Build-Up for 9,790 SF
Gross rent
$235.0K $24.00/SF
− Vacancy
−$23.5K −$2.40/SF
EGI
$211.5K $21.60/SF
− OpEx
−$79.3K −$8.10/SF
NOI
$132.2K $13.50/SF
Area
Durham, NC
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,643,300
Cap Rate 7%
$1,888,071
Cap Rate 9%
$1,468,500
Alternative Uses
Best Use
Mixed Use
$1.89M
$1.65M – $2.20M
NOI $132,165 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.16M
$2.77M – $3.69M
NOI $221,291 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,076
Businesses Nearby
Explore this area
Business Placement
Demographics for 27701, NC
25,208
Population
13,409
Households
1.9
Avg Household Size
34
Median Age
50%
College-Educated
85%
High-School Grad
5.2 sq mi
ZIP Area
4,848
Density / Sq Mi
$66,852
Median Household Income
$47,681
Median Earnings
$1,279
Median Rent
$457,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor space is available below an occupied upper level, with zoning flexibility for office, retail, mixed-use, or residential use.
Where is this mixed-use property located?
The property is located at 211 Rigsbee Ave Durham, NC.
What is the asking price?
The asking price for this property is $3,595,000.
What are key features of this property?
This property features: Available ground‑floor space with an in‑place tenant above; Loft‑style space with a butterfly roof and rooftop deck; Zoning supports office, retail, mixed‑use, or residential uses
