5-Bay Auto
For Sale
$1,000,000
2410 Angier Avenue, Durham, NC 27703
Commercial Sale, Durham, NC
Property Size4,000 SF
Lot Size0.81 Acres
Price / SF$250
Days on Market269
Property Features for 2410 Angier Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CT
Standard status
Active
APN
114525
Size
4,000 SF
Lot size
0.81 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Prop-Jes Proeprties/Dba-E L Paisano Auto/Lt#01 Dba Pl:000136-000055
Tax Annual Amount
2416
Legal Description
Prop-Jes Proeprties/Dba-E L Paisano Auto/Lt#01 Dba Pl:000136-000055
Amenities
bathroom
office space
parking
storage
Building Details
Year built
1987
Floors in Building
1
Building materials
Brick, Concrete
Listing Agency:
eXp Realty, LLC - C
(888) 584-9431
Listed By:
Nakyshia Royster
(919) 438-2658
Added: Jan 9
Changed: Oct 2
Last Checked: Oct 5 at 6:06AM
MLS# 10140397
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This tenant-occupied automotive property contains 4,000 square feet arranged around five service bays, including two bays with lifts. Each bay has its own bathroom, and the building also provides a dedicated office, ample parking, and storage areas. Brick and concrete construction dates to 1987.
The property encompasses 0.81 acres at 2410 Angier Avenue in Durham, North Carolina. CT zoning supports the property's existing commercial setting, while the combination of service bays, office space, parking, and storage provides a functional layout for an automotive operation.
The property encompasses 0.81 acres at 2410 Angier Avenue in Durham, North Carolina. CT zoning supports the property's existing commercial setting, while the combination of service bays, office space, parking, and storage provides a functional layout for an automotive operation.
Key Highlights
- Five service bays, including two equipped with lifts
- 4,000 square feet on 0.81 acres
- Each service bay includes its own bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,858
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Open 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
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
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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 automotive facility with dedicated office, storage, and multiple service bays.
Where is this auto shop located?
The property is located at 2410 Angier Avenue 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: Five service bays, including two equipped with lifts; 4,000 square feet on 0.81 acres; Each service bay includes its own bathroom
