Durham Automotive/Retail
For Sale
Contact for pricing
901 E Trinity Ave, Durham, NC 27704
Vacant property in Durham with high visibility and strong potential.
Property Size2,640 SF
Price / SF$246.21
Days on Market278
Property Features for 901 E Trinity Ave
General Information
Standard status
Active
Size
2,640 SF
Class
B
Property subtype
Retail, Mixed Use
Zoning
LI
Investment Type
Net Lease
Building Details
Year Renovated
2021
Buildings
1
Stories
1
Listing Agency:
Century 21 Triangle Group - Flanagan CRE Team
(919) 302-3298
Listed By:
Jose Cruz · License #312455
Source:
Crexi
Added: Nov 17, 2025
Changed: Aug 11
Last Checked: Aug 20 at 12:54AM
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 - Flanagan CRE Team
Investment Insights
Based on property information with market context.
This property presents an exceptional opportunity in Durham's thriving market. The 2,640 square-foot property is currently vacant, offering flexibility for various uses. Its prime location along a high-traffic corridor ensures excellent visibility, strong demand, and long-term appreciation potential. Automotive and light industrial properties remain in high demand, and body-shop-ready facilities in Durham are scarce, making this an especially desirable asset. The property is fully available for owner-users who want to occupy the space themselves, offering maximum flexibility based on your needs. For investors seeking immediate cash flow and a strong potential cap rate with minimal landlord responsibilities, there is a tenant ready to sign at $5,500/month on a Double Net (NN) lease.
Key Highlights
- Prime location on a high‑traffic corridor ensures excellent visibility and strong demand.
- Tenant ready to sign a Double Net (NN) lease at $5,500/month for immediate cash flow.
- Suitable for both investors and owner‑users, offering maximum flexibility.
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
$30,437
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
4.68%
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%
$608,740
$608.7K
Cap Rate 7%
$434,814
$434.8K
Cap Rate 9%
$338,189
$338.2K
Market Conditions
NOI Build-Up for 2,640 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
$47.5K $18.00/SF
− Vacancy
−$4.0K −$1.53/SF
EGI
$43.5K $16.47/SF
− OpEx
−$13.0K −$4.94/SF
NOI
$30.4K $11.53/SF
Area
Durham, NC
Vacancy
8.50%
Lease Rate
$18.00 /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%
$608,740
Cap Rate 7%
$434,814
Cap Rate 9%
$338,189
Alternative Uses
Best Use
Retail
$434.8K
$380.5K – $507.3K
NOI $30,437 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$852.5K
$745.9K – $994.6K
NOI $59,674 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
23k
Monthly Visits Nearby
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Vacant property in Durham with high visibility and strong potential.
Where is this retail property located?
The property is located at 901 E Trinity Ave Durham, NC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime location on a high‑traffic corridor ensures excellent visibility and strong demand.; Tenant ready to sign a Double Net (NN) lease at $5,500/month for immediate cash flow.; Suitable for both investors and owner‑users, offering maximum flexibility.
