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    211 Rigsbee Ave Durham, NC 27701

    Sponsored
    For Lease
    $26 SF/Yr

    9,790 SF, Multi-Tenant, High Visibility

    Lot size:
    9,790 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional four-story, 9,790 square foot building at 211 Rigsbee Ave in Durham, NC, presents a unique opportunity for lease or sale. Built in 1938 and extensively renovated in 2018, this Class B property offers versatile space ideal for a variety of uses, including retail, restaurant, fitness, or creative office. The building features two front entrances, allowing for independent access for multiple tenants, with a minimum divisible space of 2,640 square feet and the potential for a single tenant to occupy the entire 9,790 square feet. Key features include a dramatic top floor with two rooftop terraces, perfect for events

    Property Features for 211 Rigsbee Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,790 SF
    Class
    B
    Total Rate
    21211.67

    Building Details

    Year Built/Renovated
    1938/2018
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    Second + Third Floor
    Size
    4,510 SF
    Rate per SF
    $26
    Space
    Basement
    Size
    2,640 SF
    Rate per SF
    $26
    Space
    First Floor
    Size
    2,640 SF
    Rate per SF
    $26

    HighLights

    • Historic landmark building with modern updates.
    • Expansive, naturally lit floor plan, adaptable to various uses.
    • Restaurant layout plans available.
    • Two third‑floor patios and distinctive butterfly roof.
    • High ceilings and premium finishes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Krause Firm Trial Attorney Tattrie Medical Group Medical Group Formlabs NC Design Engineer

    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
    -78.9001637
    Latitude
    35.9977089

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    FAQs

    What type of property is this?
    Restaurant - 9,790 SF, Multi-Tenant, High Visibility
    Where is this restaurant located?
    The property is located at 211 Rigsbee Ave Durham, NC.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: Historic landmark building with modern updates.; Expansive, naturally lit floor plan, adaptable to various uses.; Restaurant layout plans available.
    Request Owner's contact information
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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
    211 Rigsbee Ave Durham, NC 27701
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