Automotive Retail
For Sale
$2,650,745
5412 S Miami Blvd, Durham, NC 27703
Leased 6,534 SF automotive-oriented facility on 1.75 acres with corridor visibility along S Miami Boulevard.
Property Size6,534 SF
Lot Size1.75 Acres
Price / SF$405.68
Days on Market56
Property Features for 5412 S Miami Blvd
General Information
Standard status
Active
Size
6,534 SF
Lot size
1.75 Acres
Property subtype
Retail
Zoning
CC
Additional Details
Cap Rate
6.2%
Traffic Count
18,500 vehicles/day
Building Details
Building Size
6,534 SF
Year Built
2004
Listing Agency:
(919) 576-2501
Listed By:
Moss Withers · License #262680
(919) 576-2501
Source:
Lee-associates
Added: Jun 17
Changed: Aug 9
Last Checked: Aug 11 at 6:17AM
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 Moss Withers
Investment Insights
Based on property information with market context.
This 6,534 SF automotive-oriented facility sits on a 1.75-acre parcel. The property is currently leased, with base rent effective July 17, 2026 at $164,346 ($25.15/SF). The lease is in place through July 31, 2033, and includes 3% annual rent escalations, along with three additional five-year renewal options.
Located in Durham, NC, the site benefits from corridor visibility on S Miami Boulevard, with reported traffic of approximately 18,500 VPD. Zoning is listed as CC (Commercial Center) in the City of Durham / Durham County. The package also includes PIN 0747451208.
For buyers seeking an income-producing commercial asset, the property is positioned as a long-term leased offering with defined rent growth through the existing escalations and multiple renewal opportunities. With substantial land area and visibility along S Miami Boulevard, the site may also support flexible operational planning under the CC zoning designation, subject to applicable approvals.
Located in Durham, NC, the site benefits from corridor visibility on S Miami Boulevard, with reported traffic of approximately 18,500 VPD. Zoning is listed as CC (Commercial Center) in the City of Durham / Durham County. The package also includes PIN 0747451208.
For buyers seeking an income-producing commercial asset, the property is positioned as a long-term leased offering with defined rent growth through the existing escalations and multiple renewal opportunities. With substantial land area and visibility along S Miami Boulevard, the site may also support flexible operational planning under the CC zoning designation, subject to applicable approvals.
Key Highlights
- 6,534 SF commercial facility built in 2004 on a 1.75‑acre parcel in Durham, NC
- $164,346 in base rent effective July 17, 2026 ($25.15/SF) with a stated 6.20% CAP rate
- Lease in place through July 31, 2033 with three additional five‑year renewal options and ~7 years remaining term
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
$86,343
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
3.26%
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%
$1,726,860
$1.7M
Cap Rate 7%
$1,233,471
$1.2M
Cap Rate 9%
$959,367
$959.4K
Market Conditions
NOI Build-Up for 6,534 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
$130.9K $20.04/SF
− Vacancy
−$7.6K −$1.16/SF
EGI
$123.3K $18.88/SF
− OpEx
−$37.0K −$5.66/SF
NOI
$86.3K $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%
$1,726,860
Cap Rate 7%
$1,233,471
Cap Rate 9%
$959,367
Alternative Uses
Best Use
Industrial
$1.23M
$1.08M – $1.44M
NOI $86,343 @ 7.0% cap · market cap 3.26%
Second Best
Retail
$1.08M
$941.6K – $1.26M
NOI $75,330 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,693 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18,500 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
940
Businesses Nearby
242k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 73%
Shops & Services 24%
Office Supplies 2%
Hotels & Casinos 1%
McDonald's
Dining
28,472 visits/mo
0.2 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
20,345 visits/mo
0.2 miles
Shell
Shops & Services
17,187 visits/mo
0.2 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
16,812 visits/mo
0.2 miles
Starbucks
Dining
16,224 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Fuch's Lubricants — 430 Davis Dr, Morrisville, NC 27560, United States
- Atlantic Tire & Service — 5412 S Miami Blvd, Durham, NC 27703
Frequently Asked Questions
What type of property is this?
Auto shop - Leased 6,534 SF automotive-oriented facility on 1.75 acres with corridor visibility along S Miami Boulevard.
Where is this auto shop located?
The property is located at 5412 S Miami Blvd Durham, NC.
What is the asking price?
The asking price for this property is $2,650,745.
What are key features of this property?
This property features: 6,534 SF commercial facility built in 2004 on a 1.75‑acre parcel in Durham, NC; $164,346 in base rent effective July 17, 2026 ($25.15/SF) with a stated 6.20% CAP rate; Lease in place through July 31, 2033 with three additional five‑year renewal options and ~7 years remaining term
