Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    102 Mangum St Durham, NC 27701

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    102 Mangum St Durham, NC 27701

    View on Map
    • Retail properties & Spaces
    • 13,986 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 102 Mangum St

    Year built
    1913
    Property size
    13,986 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    This exceptional commercial property, located at the corner of N. Mangum Street and E. Parrish Street in the heart of Downtown Durham, offers a unique opportunity for businesses seeking executive office space. Comprising three historic buildings totaling 13,986 square feet, the property has undergone recent renovations and boasts a coveted Class B rating. Three spaces are currently available, ranging from a minimum of 1,354 square feet to a maximum contiguous space of 6,527 square feet, with a total of 9,767 square feet currently vacant. The property benefits from a highly walkable location (92 Walk Score), placing it within easy reach of City and County municipal buildings, including Durham City Hall. Successful co-tenants include Bull City Burger & Brewery, Bull City Learning, and on Track Technologies. Its prime downtown location provides convenient access to Duke University, the American Tobacco Campus, and the Durham Freeway (Hwy 147). Nearby attractions include the Carolina Theatre, Durham Performing Arts Center (DPAC), Durham Bulls Athletic Park (DBAP), and a vibrant array of restaurants, breweries, distilleries, and art galleries. On-street and deck parking is available. Favorable lease terms are offered by a well-capitalized owner, making this a compelling investment opportunity. The property was built in 1913 and features multiple tenancies.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.8999
    Latitude
    35.9956

    Comparable in this City

    • Value Estimation by Request
      0.95 Acres

      514 Mangum St

      Land • 41,600 SF
      514 Mangum St, Durham, NC 27701
      View Details
    • Value Estimation by Request
      2,767 SF

      115 Queen St

      Individual retail properties • 2,767 SF
      115 Queen St, Durham, NC 27701
      View Details
    • Value Estimation by Request
      5,465 SF

      1347 Avondale Dr

      Individual retail properties • 5,465 SF
      1347 Avondale Dr, Durham, NC 27701
      View Details
    • Value Estimation
      $24,735,000
      111,866 SF

      Corcoran St

      CONDOMINIUM OFFICES • 111,866 SF
      Corcoran St, Durham, NC 27701
      View Details
    • Value Estimation
      $730,000
      3,610 SF

      320 Chapel Hl St Ste, Unit 200

      CONDOMINIUM OFFICES • 3,610 SF
      320 Chapel Hl St Ste, Durham, NC 27701-3372
      View Details
    • Value Estimation
      $910,000
      4,281 SF

      345 Blackwell St Sta, Unit A

      CONDOMINIUM OFFICES • 4,281 SF
      345 Blackwell St Sta, Durham, NC 27701-3610
      View Details

    Similar Nearby for Sale

    • $3,950,000
      9,790 SF

      Downtown Durham Commercial Gem

      9,790 SF Office/Retail, NNN Lease
      211 Rigsbee Ave, Durham, NC 27701
      View Details
    • $6,500,000
      1.80 Acres

      Hayti District Office Complex

      Prime Durham location, three suites.
      601 Fayetteville St, Durham, NC 27701
      View Details
    • $4,000,000
      17,123 SF

      Downtown Durham Office Trio

      Three modern office condos, prime location.
      101 Main St, Durham, NC 27701
      View Details
    • Contact for pricing
      3,944 SF

      Versatile Commercial Condo in Durham

      Street-level condo in downtown Durham, suitable for office or retail.
      204 Rigsbee Ave, Durham, NC 27701
      View Details
    • $1,000,000

      Downtown Durham Redevelopment Opportunity

      Mixed-use redevelopment opportunity in vibrant Downtown Durham on Main Street.
      113 West Main St, Durham, NC 27701
      View Details
    • Contact for pricing
      3,775 SF

      Historic Downtown Durham Corner Building

      Fully leased retail and office space in Durham's City Center.
      125 E Parrish St, Durham, NC 27701
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Durham Mixed-Use Asset

      Mixed-use property in the heart of Downtown Durham.
      601 West Main St, Durham, NC 27701
      View Details
    • $17 SF/Yr
      2,721 SF

      Downtown Durham Executive Office Suite

      Prestigious Durham office, fully vacant, 2721 sq ft.
      101 Main St, Durham, NC 27701
      View Details
    • Contact for pricing

      Retail/Office Space in Durham

      Retail or office space available in Durham, North Carolina.
      102 City Hall Plz, Durham, NC 27701
      View Details
    • Contact for pricing

      Downtown Durham Retail/Office Space

      Retail and office space available for lease in downtown Durham.
      110 Corcoran St, Durham, NC 27701
      View Details
    • Contact for pricing

      Durham Retail and Office Spaces

      Retail and office spaces available for lease in Durham, NC.
      102 N Mangum St, Durham, NC 27701
      View Details
    • Contact for pricing

      Renovated Historic Building in Durham

      Turn-key, furnished office suites in walkable downtown location.
      733 Foster St, Durham, NC 27701
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    102 Mangum St
    Durham, NC 27701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    102 Mangum St, Durham, NC, 27701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!