Durham Automotive Investment
901 E Trinity Durham, NC 27704
901 E Trinity, Durham, NC, 27704
$730,000
For Sale
$730,000
Tenant-occupied automotive property with high visibility in Durham, NC.
Property Size2,640 SF
Lot Size0.23 Acres
Price / SF$276.52
Days on Market565
Property Features for 901 E Trinity
General Information
- Standard status
- Active
- Size
- 2,640 SF
- Lot size
- 0.23 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1980
Listing agency
CENTURY 21 TRIANGLE GROUP
(919) 720-4217
Listed by
JOSE CRUZ LABRADA · License #312455
Source
Corcoran
Added: Jan 2, 2025 Updated: Jul 6 at 10:20AM Checked: Jul 21 at 5:28AM
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 CENTURY 21 TRIANGLE GROUP
Investment Insights
Based on property information with market context.
This property presents an investment opportunity in Durham, North Carolina. The property is currently tenant-occupied, generating a monthly income of $5,500 under a 5-year Double Net (NN) lease. The lease structure provides a 7.5% capitalization rate, with the tenant responsible for all property expenses except for structural maintenance. The property is located in a high-traffic corridor, offering excellent visibility. Automotive and light industrial spaces are in high demand, and the limited availability of body shop-ready properties in Durham enhances the property's attractiveness. The property contains 2,640 square feet of space.
Key Highlights
- Tenant in place paying $5,500/month on a 5‑year Double Net (NN) lease.
- Delivers an attractive 7.5% cap rate with no landlord responsibilities beyond structure.
- Scarcity of body shop‑ready properties in Durham increases attractiveness.
Local Financial Insights For Industrial
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 | $52.9k | $20.04 |
| − Vacancy | −$3.1k | −$1.16 |
| EGI | $49.8k | $18.88 |
| − OpEx | −$15.0k | −$5.66 |
| NOI | $34.9k | $13.21 |
2,640 SF · lease $20.04/SF/yr · vacancy 5.80% · expense 30.00%
Alternative Uses
Best Use
Industrial
$498.4K
$436.1K – $581.4K
NOI $34,886 @ 7.0% cap · market cap 4.78%
Second Best
Retail
$434.8K
$380.5K – $507.3K
NOI $30,437 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$852.5K
$745.9K – $994.6K
NOI $59,674 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Personal Touch Auto ...
Car Wash
Chris And Son
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- A-1 Body Shop — 714 E Geer St ste b, Durham, NC 27701
- Auto Cambio Universal - High Quality Mechanic & Towing Services, Auto Collision Repair, Car Maintenance — 102 broadway st, durham, nc 27701
- Auto Cambio Universal — 102 Broadway St, Durham, NC 27701
- Henderson's Paint, Body, Detail & Towing — 701 N Mangum St Suite B, Durham, NC 27701
- P.J. & Rick's Tire Sale — 616 e geer st, durham, nc 27701
FAQs
What type of property is this?
Auto shop - Tenant-occupied automotive property with high visibility in Durham, NC.
Where is this auto shop located?
The property is located at 901 E Trinity Durham, NC.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Tenant in place paying $5,500/month on a 5‑year Double Net (NN) lease.; Delivers an attractive 7.5% cap rate with no landlord responsibilities beyond structure.; Scarcity of body shop‑ready properties in Durham increases attractiveness.
