Industrial Flex Space with
For Sale
Contact for pricing
2456 South Miami Boulevard, Durham, NC 27703
Conditioned office and warehouse areas are integrated within the property.
Property Size32,000 SF
Days on Market136
Property Features for 2456 South Miami Boulevard
General Information
Standard status
Active
Size
32,000 SF
Property subtype
Industrial
Lease Term
NNN
Warehouse & Industrial
Dock-High Doors
3
Drive-In Doors
4
Conditioned Warehouse
Yes
Building Details
Building Size
32,000 SF
Properties For Sale
at 2456 South Miami Boulevard
2456 S Miami
Size
32,000 SF
Term
Negotiable
Listing Agency:
SVN | Efird Commercial Real Estate
Listed By:
Josh Taylor · License #NC #318210
(252) 670-9590
Source:
Svn
Added: Jun 3
Changed: Oct 7
Last Checked: Oct 16 at 7:27AM
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 | Efird Commercial Real Estate
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Investment Insights
Based on property information with market context.
Located at 2456 South Miami Boulevard in Durham, North Carolina, this flex space combines conditioned office and warehouse areas within one industrial property. The loading configuration includes 3 dock-high doors and 4 drive-in doors, providing multiple points for receiving and distribution activity.
Key Highlights
- Conditioned office and warehouse space
- 3 dock‑high doors
- 4 drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$227,664
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,553,280
$4.6M
Cap Rate 7%
$3,252,343
$3.3M
Cap Rate 9%
$2,529,600
$2.5M
Market Conditions
NOI Build-Up for 32,000 SF
Gross rent
$288.0K $9.00/SF
− Vacancy
−$20.2K −$0.63/SF
EGI
$267.8K $8.37/SF
− OpEx
−$40.2K −$1.26/SF
NOI
$227.7K $7.11/SF
Area
Durham, NC
Vacancy
7.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,553,280
Cap Rate 7%
$3,252,343
Cap Rate 9%
$2,529,600
Alternative Uses
Best Use
Office B
$7.06M
$6.18M – $8.24M
NOI $494,208 @ 7.0% cap · market cap 3,633,882.35%
Second Best
Industrial
$6.04M
$5.29M – $7.05M
NOI $422,860 @ 7.0% cap · market cap 3,109,264.71%
Theoretical Best
Office A
$10.33M
$9.04M – $12.06M
NOI $723,321 @ 7.0% cap · market cap 5,318,536.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
3
Dock-high doors
4
Drive-in doors
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- SGG InFlight-Catering — 2945 S Miami Blvd # 123, Durham, NC 27703
Frequently Asked Questions
What type of property is this?
Flex space - Conditioned office and warehouse areas are integrated within the property.
Where is this flex space located?
The property is located at 2456 South Miami Boulevard Durham, NC.
What are key features of this property?
This property features: Conditioned office and warehouse space; 3 dock‑high doors; 4 drive‑in doors
