Versatile Retail and Office
2620 Angier Durham, NC 27703
For Sale
$125,000
Versatile storefront and office space with on-site parking and convenient access to major routes near Downtown Durham.
Property Size887 SF
Price / SF$140.92
Days on Market24
Property Features for 2620 Angier
General Information
- Standard status
- Active
- Size
- 887 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1930
Listing Agency:
BURTON REALTY GROUP INC
(919) 451-6251
Listed By:
VANCE BLACKWELL BLACKWELL
Source:
Corcoran
Added: Jul 1
Changed: Jul 23
Last Checked: Jul 23 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 BURTON REALTY GROUP INC
Investment Insights
Based on property information with market context.
This versatile commercial property at 2620 Angier Ave includes storefront and office space, making it suitable for a range of business uses. The offering also includes on-site parking for convenient customer or employee access.
The property is positioned on Angier Avenue with strong visibility and convenient access to Downtown Durham, NC-147, and I-885. It is located minutes from Downtown Durham and surrounded by residential neighborhoods.
As a flexible space for an owner-user or investment, this property is presented for sale with the opportunity to accommodate different commercial operating needs.
The property is positioned on Angier Avenue with strong visibility and convenient access to Downtown Durham, NC-147, and I-885. It is located minutes from Downtown Durham and surrounded by residential neighborhoods.
As a flexible space for an owner-user or investment, this property is presented for sale with the opportunity to accommodate different commercial operating needs.
Key Highlights
- Versatile commercial property at 2620 Angier Ave with flexible storefront and office space
- Year built: 1930
- On‑site parking available
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.0k | $18.00 |
| − Vacancy | −$1.4k | −$1.53 |
| EGI | $14.6k | $16.47 |
| − OpEx | −$4.4k | −$4.94 |
| NOI | $10.2k | $11.53 |
887 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$195.7K
$171.2K – $228.3K
NOI $13,699 @ 7.0% cap · market cap 10.96%
Second Best
Retail
$146.1K
$127.8K – $170.4K
NOI $10,226 @ 7.0% cap · market cap 8.18%
Theoretical Best
Office A
$286.4K
$250.6K – $334.2K
NOI $20,050 @ 7.0% cap · market cap 16.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
L & D Grocery ...
Restaurant
Similar Off Market Nearby
- Creative Touch Designs, Inc.'s — 607 Ellis Rd, Durham, NC 27703
FAQs
What type of property is this?
Storefront property - Versatile storefront and office space with on-site parking and convenient access to major routes near Downtown Durham.
Where is this storefront property located?
The property is located at 2620 Angier Durham, NC.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Versatile commercial property at 2620 Angier Ave with flexible storefront and office space; Year built: 1930; On‑site parking available
