Industrial Warehouse with
For Sale
Contact for pricing
806 E Ramseur Street, Durham, NC 27701
Fully fenced property with lay down yard and I-2 zoning for industrial storage and distribution use near downtown.
Property Size12,500 SF
Price / SF$176
Days on Market62
Property Features for 806 E Ramseur Street
General Information
Standard status
Active
Size
12,500 SF
Property subtype
Industrial
Zoning
I-2
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Building Details
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
CityPlat LLC
(919) 698-8799
Listed By:
Graham Storey · License #NC 298847
Source:
Crexi
Added: Jun 11
Changed: Aug 8
Last Checked: Aug 10 at 8:11AM
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 CityPlat LLC
Investment Insights
Based on property information with market context.
This 12,500 SF industrial building offers an owner-user option with functional warehouse and distribution space. The site is fully fenced and includes a lay down yard designed to support outdoor storage alongside indoor operations. With I-2 zoning, the property is positioned to accommodate a wide range of industrial users seeking a practical, self-contained setup.
The property is located in downtown Durham on the first parcel immediately off the Durham Freeway exit, providing fast highway access. It offers strong visibility and is just minutes from the city center. This location can support tenants that value quick regional connectivity and convenient access to downtown.
For operators needing both warehouse space and fenced outdoor storage, the lay down yard provides an onsite area for managing inventory and materials. The zoning supports industrial use, making the building a straightforward fit for companies looking for a single-site solution for distribution and warehousing in a central Durham setting.
The property is located in downtown Durham on the first parcel immediately off the Durham Freeway exit, providing fast highway access. It offers strong visibility and is just minutes from the city center. This location can support tenants that value quick regional connectivity and convenient access to downtown.
For operators needing both warehouse space and fenced outdoor storage, the lay down yard provides an onsite area for managing inventory and materials. The zoning supports industrial use, making the building a straightforward fit for companies looking for a single-site solution for distribution and warehousing in a central Durham setting.
Key Highlights
- 12,500 SF industrial building in downtown Durham
- Fully fenced property with a lay down yard for outdoor storage in addition to warehouse/distribution use
- Single‑user setup with fast highway access from the first parcel immediately off the Durham Freeway exit
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
$165,180
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
7.51%
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%
$3,303,600
$3.3M
Cap Rate 7%
$2,359,714
$2.4M
Cap Rate 9%
$1,835,333
$1.8M
Market Conditions
NOI Build-Up for 12,500 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
$250.5K $20.04/SF
− Vacancy
−$14.5K −$1.16/SF
EGI
$236.0K $18.88/SF
− OpEx
−$70.8K −$5.66/SF
NOI
$165.2K $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%
$3,303,600
Cap Rate 7%
$2,359,714
Cap Rate 9%
$1,835,333
Alternative Uses
Best Use
Industrial
$2.36M
$2.06M – $2.75M
NOI $165,180 @ 7.0% cap · market cap 7.51%
Second Best
Warehouse
$1.27M
$1.11M – $1.48M
NOI $88,931 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$4.04M
$3.53M – $4.71M
NOI $282,547 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,239
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27701, NC
25,208
Population
13,409
Households
1.9
Avg Household Size
34
Median Age
50%
College-Educated
85%
High-School Grad
5.2 sq mi
ZIP Area
4,848
Density / Sq Mi
$66,852
Median Household Income
$47,681
Median Earnings
$1,279
Median Rent
$457,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Fully fenced property with lay down yard and I-2 zoning for industrial storage and distribution use near downtown.
Where is this warehouse located?
The property is located at 806 E Ramseur Street Durham, NC.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 12,500 SF industrial building in downtown Durham; Fully fenced property with a lay down yard for outdoor storage in addition to warehouse/distribution use; Single‑user setup with fast highway access from the first parcel immediately off the Durham Freeway exit
