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    1015 Ellis Rd Durham, NC 27703

    For Sale
    $1,400,000

    South Durham industrial flex space, 4,939 SF

    Property size:
    4,939 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 4,939-square-foot flex property situated on a 0.74-acre lot in the heart of South Durham's industrial corridor. The property comprises three buildings, renovated in 2021, offering a modern aesthetic while maintaining its industrial functionality. The complex includes a renovated house converted into office space, providing versatile options for tenants. Two warehouse buildings feature six bays, complete with lifts and a spray booth, making it particularly suitable for automotive businesses, though its I-zoned lot allows for diverse commercial applications. Ceiling heights range from 13 to 16 feet. The property boasts a prime location, minutes from Research Triangle Park and RDU Airport, with convenient access to major roadways including I-40, I-885, and the Durham Freeway. Perimeter fencing enhances security. This turnkey solution offers a rare combination of location, functionality, and growth potential in a rapidly expanding area of the Triangle region. The asking price is $1,400,000. The property was built in 1945 and 1956, and currently houses two tenants.

    Property Features for 1015 Ellis Rd

    General Information

    Property type
    Flex space
    Square Feet
    4,939 SF
    Lot Size
    32,234 SF

    Building Details

    Year Renovated
    2021
    Buildings
    3
    Stories
    1

    HighLights

    • $1,400,000 asking price.
    • 4,939 square foot flex industrial property.
    • Three buildings on a 0.74‑acre lot in Durham, NC.
    • Renovated in 2021.
    • Located minutes from Research Triangle Park and RDU Airport, with easy access to major highways.
    • Features converted office space, warehouse buildings with bays, lifts, and a spray booth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    X-Press Hail Works Auto Dent Removal Service Auto Art Collision Auto Body Shop Beatty's Mechanical Services Contractor

    Suggested Use

    Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.8712522
    Latitude
    35.9598265

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    FAQs

    What type of property is this?
    Flex space - South Durham industrial flex space, 4,939 SF
    Where is this flex space located?
    The property is located at 1015 Ellis Rd Durham, NC.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: $1,400,000 asking price.; 4,939 square foot flex industrial property.; Three buildings on a 0.74-acre lot in Durham, NC.
    Request Owner's contact information
    1015 Ellis Rd Durham, NC 27703
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    Durham, NC 27703
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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
    1015 Ellis Rd Durham, NC 27703
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