Downtown Durham Office
For Sale
Contact for pricing
100 E Parrish St Suite 150, Durham, NC 27701
Office condo in downtown Durham, close to amenities.
Property Size1,516 SF
Price / SF$280.34
Days on Market1163
Property Features for 100 E Parrish St Suite 150
General Information
Standard status
Active
Size
1,516 SF
Property subtype
Office
Building Details
Year Built
1984
Listing Agency:
Maverick Partners
(919) 682-0501
Listed By:
Ian Niedel · License #NC 216187
Source:
Crexi
Added: May 30, 2023
Changed: Jul 6
Last Checked: Aug 3 at 3:48PM
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 Maverick Partners
Investment Insights
Based on property information with market context.
This commercial property features a condo for sale, comprising a portion of the first floor in a well-maintained building. The unit, Suite 150, offers approximately 1516 square feet of space. The central location provides convenient access to parking, restaurants, bars, and Durham city and county offices. The layout includes several conference rooms, private offices, and a kitchen, making it suitable for attorneys, therapists, financial planners, or other professional service providers. The property is situated in a prime location in Downtown Durham, with restaurants, bars, offices, the Durham Performing Arts Center (DPAC), the Durham Bulls Athletic Park (DBAP), and parking all within walking distance.
Key Highlights
- Two condos available together for $925,000, comprising the entire first floor.
- Prime downtown Durham location within walking distance to restaurants, bars, offices, DPAC, DBAP and parking.
- Suitable for professional service providers such as attorneys, therapists, or financial planners.
Financial Insights For Office B
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 | $37.8k | $24.96 |
| − Vacancy | −$6.6k | −$4.37 |
| EGI | $31.2k | $20.59 |
| − OpEx | −$7.8k | −$5.15 |
| NOI | $23.4k | $15.44 |
1,516 SF · lease $24.96/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$334.5K
$292.7K – $390.2K
NOI $23,413 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$489.5K
$428.3K – $571.1K
NOI $34,267 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,126
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office condo in downtown Durham, close to amenities.
Where is this office units located?
The property is located at 100 E Parrish St Suite 150 Durham, NC.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two condos available together for $925,000, comprising the entire first floor.; Prime downtown Durham location within walking distance to restaurants, bars, offices, DPAC, DBAP and parking.; Suitable for professional service providers such as attorneys, therapists, or financial planners.
