Five-Bay Auto
For Sale
$1,000,000
B-2410 Angier Ave, Durham, NC 27701
Tenant-occupied facility with dedicated office space, individual bathrooms, parking, and storage for automotive service operations.
Property Size4,000 SF
Price / SF$250
Days on Market235
Property Features for B-2410 Angier Ave
General Information
Standard status
Active
Size
4,000 SF
Taxes and HOA fees
Annual Taxes
$2,415
Listing Agency:
eXp Realty, LLC - C
(919) 438-2658
Listed By:
Nakyshia Royster
(919) 438-2658
Source:
Exprealty
Added: Jan 9
Changed: Aug 30
Last Checked: Aug 31 at 7:39PM
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 eXp Realty, LLC - C
Investment Insights
Based on property information with market context.
This 4,000-square-foot auto shop is configured for mechanical service work with five service bays, including two bays fitted with lifts. Each bay has its own bathroom, and the property also includes a dedicated office area. Parking and storage support day-to-day shop operations and provide flexibility for related service uses.
Located at B-2410 Angier Ave in Durham, NC, the property is currently tenant occupied. The mechanical shop has operated at this location for more than 20 years, providing an established operating history alongside the existing improvements.
Located at B-2410 Angier Ave in Durham, NC, the property is currently tenant occupied. The mechanical shop has operated at this location for more than 20 years, providing an established operating history alongside the existing improvements.
Key Highlights
- Five service bays, including two equipped with lifts
- Each bay includes its own bathroom
- 4,000‑square‑foot auto shop
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
$52,858
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
5.29%
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%
$1,057,160
$1.1M
Cap Rate 7%
$755,114
$755.1K
Cap Rate 9%
$587,311
$587.3K
Market Conditions
NOI Build-Up for 4,000 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
$80.2K $20.04/SF
− Vacancy
−$4.6K −$1.16/SF
EGI
$75.5K $18.88/SF
− OpEx
−$22.7K −$5.66/SF
NOI
$52.9K $13.21/SF
Area
Durham, NC
Vacancy
5.80%
Lease Rate
$20.04 /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%
$1,057,160
Cap Rate 7%
$755,114
Cap Rate 9%
$587,311
Alternative Uses
Best Use
Industrial
$755.1K
$660.7K – $881.0K
NOI $52,858 @ 7.0% cap · market cap 5.29%
Second Best
Retail
$658.8K
$576.5K – $768.6K
NOI $46,116 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,415 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
2k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 100%
Ferguson
Home Improvements & Furnishings
2,215 visits/mo
0.5 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Durham Mobile Truck Repair — 817 Ellis Rd, Durham, NC 27703
- Precision Auto Works — 3425 Angier Ave, Durham, NC 27703
- G P Campbell's Auto Body Shop — 3427 Angier Ave, Durham, NC 27703
- Los Primos Auto Repair LLC — 3433 Angier Ave, Durham, NC 27703
- Hicks VW Services — 3301 Angier Ave, Durham, NC 27703
Frequently Asked Questions
What type of property is this?
Auto shop - Tenant-occupied facility with dedicated office space, individual bathrooms, parking, and storage for automotive service operations.
Where is this auto shop located?
The property is located at B-2410 Angier Ave Durham, NC.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Five service bays, including two equipped with lifts; Each bay includes its own bathroom; 4,000‑square‑foot auto shop
