Five-Bay Auto
2410 Angier Avenue B, Durham, NC 27703
For Sale
$1,000,000
Tenant-occupied facility with dedicated office space, individual bay bathrooms, parking, and storage.
Property Size4,000 SF
Price / SF$250
Days on Market89
Property Features for 2410 Angier Avenue B
General Information
Standard status
Size
Property subtype
Additional Details
Service Bays
Amenities
bathroom per bay
office space
storage
Building Details
Year Built
Listing Agency:
eXp Realty, LLC - C
Listed By:
Nakyshia Royster
(919) 438-2658
Source:
Rubyhenderson
Added: Aug 17
Changed: Nov 10
Last Checked: Oct 7 at 3:20PM
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 eXp Realty, LLC - C
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,000-square-foot automotive service property in Durham includes five service bays, with two bays fitted with lifts. Each bay has its own bathroom, and the building also provides dedicated office space, parking, and storage. The mechanical shop has operated at the property for over 20 years, and the asset is currently tenant occupied.
Located at 2410 Angier Avenue B in Durham, North Carolina, the property was built in 1987. Its existing bay configuration, lift-equipped work areas, office, bathrooms, parking, and storage support ongoing automotive service operations and other service-oriented commercial uses documented by the property’s current setup.
Located at 2410 Angier Avenue B in Durham, North Carolina, the property was built in 1987. Its existing bay configuration, lift-equipped work areas, office, bathrooms, parking, and storage support ongoing automotive service operations and other service-oriented commercial uses documented by the property’s current setup.
Key Highlights
- 5 service bays, including 2 equipped with lifts
- Each service bay includes its own bathroom
- 4,000 square feet with dedicated office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,858
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,057,160
$1.1M
Cap Rate 7%
$755,114
$755.1K
Cap Rate 9%
$587,311
$587.3K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$80.2K $20.04/SF
− Vacancy
−$4.6K −$1.16/SF
EGI
$75.5K $18.88/SF
− OpEx
−$22.7K −$5.66/SF
NOI
$52.9K $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%
$1,057,160
Cap Rate 7%
$755,114
Cap Rate 9%
$587,311
Alternative Uses
Best Use
Industrial
$755.1K
$660.7K – $881.0K
NOI $52,858 @ 7.0% cap · market cap 5.29%
Second Best
Retail
$658.8K
$576.5K – $768.6K
NOI $46,116 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,415 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
5
Service bays
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
2k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 100%
Ferguson
Home Improvements & Furnishings
2,215 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- L&J Auto Repair — 924 Carter Ave suite 5, Durham, NC 27703
- Perla Auto Repair & Collision — 3209 Angier Ave, Durham, NC 27703
- Rey body shop — 924 Carter Ave, Durham, NC 27703
- C.A.R Refinishing LLC. — 924 Carter Ave #7, Durham, NC 27703
- Mason’s Towing and Tires — 924 Carter Ave #9, Durham, NC 27703
Frequently Asked Questions
What type of property is this?
Auto shop - Tenant-occupied facility with dedicated office space, individual bay bathrooms, parking, and storage.
Where is this auto shop located?
The property is located at 2410 Angier Avenue B Durham, NC.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 5 service bays, including 2 equipped with lifts; Each service bay includes its own bathroom; 4,000 square feet with dedicated office space
