Versatile Retail and Office
For Sale
$125,000
Pending
2620 Angier Ave, Durham, NC 27703
Versatile storefront and office space with on-site parking and convenient access to major routes near Downtown Durham.
Property Size887 SF
Days on Market60
Property Features for 2620 Angier Ave
General Information
Standard status
Pending
Size
887 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$903
Listing Agency:
Burton Realty Group Inc
(919) 406-4533
Listed By:
Vance Blackwell Blackwell
(919) 406-4533
Source:
Exprealty
Added: Jun 30
Changed: Aug 25
Last Checked: Aug 26 at 11:55AM
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
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
$10,226
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
8.18%
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%
$204,520
$204.5K
Cap Rate 7%
$146,086
$146.1K
Cap Rate 9%
$113,622
$113.6K
Market Conditions
NOI Build-Up for 887 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
$16.0K $18.00/SF
− Vacancy
−$1.4K −$1.53/SF
EGI
$14.6K $16.47/SF
− OpEx
−$4.4K −$4.94/SF
NOI
$10.2K $11.53/SF
Area
Durham, NC
Vacancy
8.50%
Lease Rate
$18.00 /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%
$204,520
Cap Rate 7%
$146,086
Cap Rate 9%
$113,622
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Under-served
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Creative Touch Designs, Inc.'s — 607 Ellis Rd, Durham, NC 27703
Frequently Asked Questions
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 Ave 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
