Commercial Flex
For Sale
Contact for pricing
3421 Angier Ave, Durham, NC 27703
General Commercial zoning accompanies a versatile building configuration on an established commercial corridor.
Property Size2,296 SF
Lot Size0.80 Acres
Price / SF$172.04
Days on Market61
Property Features for 3421 Angier Ave
General Information
Standard status
Active
Size
2,296 SF
Total Parking Spaces
50
Lot size
0.80 Acres
Property subtype
Retail, Industrial, Mixed Use
Zoning
General Commercial
Lease Type
NNN
Additional Details
Asking Price
$395,000
Highway Access
Yes
Building Details
Buildings
1
Units
1
Building Size
2,296 SF
Listing Agency:
Elite Commercial Group
Listed By:
Paulina Bohorquez · License #222259
(919) 985-9416
Source:
Crexi
Added: Aug 21
Changed: Oct 12
Last Checked: Oct 19 at 6:35AM
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 Elite Commercial Group
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Investment Insights
Based on property information with market context.
This flex space includes a 2,296-square-foot building on 0.8 acres of General Commercial-zoned land. The property is located at 3421 Angier Avenue in East Durham, providing a compact commercial site with a building and surrounding land suitable for flexible commercial planning.
The site has immediate access to I-885, US 70, and the East End Connector. Nearby development includes the 1,880-unit Brickworks mixed-use community, the 630-unit Creekside project, and the planned Garland District, described as a Main Street destination for retail, restaurants, and makerspaces. Downtown Durham dining and arts venues, along with Research Triangle employers, are also identified as nearby context.
The site has immediate access to I-885, US 70, and the East End Connector. Nearby development includes the 1,880-unit Brickworks mixed-use community, the 630-unit Creekside project, and the planned Garland District, described as a Main Street destination for retail, restaurants, and makerspaces. Downtown Durham dining and arts venues, along with Research Triangle employers, are also identified as nearby context.
Key Highlights
- 2,296‑square‑foot flex building
- 0.8‑acre General Commercial‑zoned site
- Immediate access to I‑885, US 70, and the East End Connector
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,996
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$619,920
$619.9K
Cap Rate 7%
$442,800
$442.8K
Cap Rate 9%
$344,400
$344.4K
Market Conditions
NOI Build-Up for 2,296 SF
Gross rent
$55.1K $24.00/SF
− Vacancy
−$5.5K −$2.40/SF
EGI
$49.6K $21.60/SF
− OpEx
−$18.6K −$8.10/SF
NOI
$31.0K $13.50/SF
Area
Durham, NC
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$619,920
Cap Rate 7%
$442,800
Cap Rate 9%
$344,400
Alternative Uses
Best Use
Mixed Use
$442.8K
$387.5K – $516.6K
NOI $30,996 @ 7.0% cap · market cap 7.85%
Second Best
Industrial
$433.4K
$379.3K – $505.7K
NOI $30,340 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$741.4K
$648.7K – $865.0K
NOI $51,898 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
123
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - General Commercial zoning accompanies a versatile building configuration on an established commercial corridor.
Where is this flex space located?
The property is located at 3421 Angier Ave Durham, NC.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2,296‑square‑foot flex building; 0.8‑acre General Commercial‑zoned site; Immediate access to I‑885, US 70, and the East End Connector
