Auto Shop with NN
For Sale
$730,000
901 E Trinity Avenue, Durham, NC 27704
Commercial Sale, Durham, NC
Property Size2,640 SF
Lot Size0.23 Acres
Price / SF$276.52
Days on Market642
Property Features for 901 E Trinity Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
2,640 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PROP-GEER F C EST/BLK:05/ LT#31-32 PL:00005B-000106
Tax Annual Amount
2325
Legal Description
PROP-GEER F C EST/BLK:05/ LT#31-32 PL:00005B-000106
Building Details
Year built
1980
Building materials
Stone
Listing Agency:
Century 21 Triangle Group · Century 21 Real Estate
(919) 720-4217
Listed By:
Jose Cruz Labrada · License #312455
(984) 239-8452
Added: Jan 2, 2025
Changed: Aug 19
Last Checked: Oct 6 at 3:06PM
MLS# 10068825
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,640-square-foot auto shop sits on a 0.23-acre parcel in Durham, North Carolina. Built in 1980, the property features stone construction and is configured for automotive use.
The asset is occupied under a 5-year Double Net lease, with landlord responsibilities limited to the structure. Located at 901 E Trinity Avenue, the property carries a 7.5% cap rate and offers an established leased configuration for an automotive-focused commercial asset.
The asset is occupied under a 5-year Double Net lease, with landlord responsibilities limited to the structure. Located at 901 E Trinity Avenue, the property carries a 7.5% cap rate and offers an established leased configuration for an automotive-focused commercial asset.
Key Highlights
- 2,640 SF auto shop on a 0.23‑acre parcel
- 5‑year Double Net lease in place
- 7.5% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,886
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$697,720
$697.7K
Cap Rate 7%
$498,371
$498.4K
Cap Rate 9%
$387,622
$387.6K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$52.9K $20.04/SF
− Vacancy
−$3.1K −$1.16/SF
EGI
$49.8K $18.88/SF
− OpEx
−$15.0K −$5.66/SF
NOI
$34.9K $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 Rate 5%
$697,720
Cap Rate 7%
$498,371
Cap Rate 9%
$387,622
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 authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
23k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Groceries 22%
Electronics 9%
Speedway
Shops & Services
14,129 visits/mo
0.4 miles
Mi Pueblo Food Center
Groceries
5,061 visits/mo
0.2 miles
Cricket Wireless Authorized Retailer
Electronics
2,025 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
1,317 visits/mo
0.4 miles
Demographics for 27704, NC
39,532
Population
16,824
Households
2.3
Avg Household Size
36
Median Age
33%
College-Educated
85%
High-School Grad
41.4 sq mi
ZIP Area
955
Density / Sq Mi
$62,435
Median Household Income
$36,955
Median Earnings
$1,306
Median Rent
$270,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Auto shop - Automotive property with stone construction and an existing five-year Double Net lease.
Where is this auto shop located?
The property is located at 901 E Trinity Avenue 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: 2,640 SF auto shop on a 0.23‑acre parcel; 5‑year Double Net lease in place; 7.5% cap rate
