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    204 Rigsbee Ave Durham, NC 27701

    For Sale
    $1,450,000

    Prime location, versatile space, high traffic.

    Property size:
    3,944 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3,944 square foot commercial condo unit, located at 204 Rigsbee Avenue, Suite 101 in Durham, NC, presents a unique investment opportunity. Situated in the heart of Durham's rapidly evolving downtown area, this street-level space offers unparalleled visibility and accessibility. Currently configured as a creative office, the property's adaptable layout allows for seamless conversion to retail or food and beverage uses. Built in 1939 and extensively renovated in 2021, the property boasts modern data and phone infrastructure. The unit includes six reserved parking spaces in a convenient basement drive-in, with two additional public parking decks within a half block. The property's prime location offers easy access to numerous restaurants, cafes, and amenities within a five-minute walk, including the Central Park District. The building is a two-story Class C structure on a 0.1-acre lot, zoned DD-C. The asking price is $1,450,000, translating to $367.65 per square foot. This property offers a blend of historical charm and modern functionality, making it an ideal investment for discerning buyers seeking a high-traffic location in a thriving urban environment. The property features an ideal storefront façade and two means of egress.

    Property Features for 204 Rigsbee Ave

    General Information

    Property type
    Office space
    Square Feet
    3,944 SF
    Class
    C
    Lot Size
    4,356 SF

    Building Details

    Year Built/Renovated
    1939/2021
    Buildings
    1
    Stories
    2

    HighLights

    • Prime downtown Durham location in rapidly developing area.
    • 3,944 SF adaptable creative office space, convertible to retail or food and beverage.
    • Modern data and phone infrastructure.
    • Six reserved parking spaces in basement drive‑in, plus two nearby public parking decks.
    • Abundant nearby restaurants and retail, including proximity to Central Park District.
    • High‑traffic location in Durham's Downtown Historic District.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tom Stern Mediator Consultant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.899945372586
    Latitude
    35.997267245921

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    FAQs

    What type of property is this?
    Office space - Prime location, versatile space, high traffic.
    Where is this office space located?
    The property is located at 204 Rigsbee Ave Durham, NC.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: Prime downtown Durham location in rapidly developing area.; 3,944 SF adaptable creative office space, convertible to retail or food and beverage.; Modern data and phone infrastructure.
    Request Owner's contact information
    204 Rigsbee Ave Durham, NC 27701
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    Durham, NC 27701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    204 Rigsbee Ave Durham, NC 27701
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