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Property profile & analytics

103 Rockway St Durham, NC 27704

  • Auto shops
  • 2,280 SF
  • 0.36 lot acres
Value Estimation
Last Sale
Oct 17, 2022
$250,000
Location Intelligence
Property ID
US53-1376379
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Davis Brothers Plumbing / Plumber
  • CND services / Auto Repair Shop / Car Repair And Maintenance Service

Property Details for 103 Rockway St

Year built
1955
Lot size
0.36 lot acres
Property size
2,280 SF
Zone code
RS-20
Property type
Auto shops
APN
172050
APU
172050

Description

This exceptional opportunity presents a fully operational auto repair shop available for lease in Durham, North Carolina. Located at 103 E Rockway Street E, this well-established business occupies a 2,280 square foot building situated on a 0.36-acre lot. The shop boasts five service bays, equipped with four lifts, ensuring efficient workflow and ample space for various repair tasks. A comfortable waiting area is provided for customers, along with two convenient bathrooms. The shop is equipped for immediate operation, including all necessary equipment. A significant advantage for any prospective lessee is the inclusion of over ten years of client files, providing a ready-made customer base and valuable business history. The property features gas heating in the shop area, while the remaining spaces benefit from both heating and air conditioning, ensuring year-round comfort. The lease agreement includes favorable terms for the tenant, with the landlord covering property taxes and building insurance. This turnkey operation presents a rare opportunity to acquire an established and profitable business with a strong existing client base and minimal upfront investment. The property's prime location in Durham offers excellent visibility and accessibility, making it an ideal location for a thriving auto repair business. This is a fantastic opportunity for an experienced mechanic or entrepreneur looking to establish or expand their business.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $230,000
  • CAP approach

    CAP return
    Estimation
    6%
    $185,000
    6.5%
    $190,000
    7%
    $175,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $190,000
    Geo Method
    $165,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $155,000
    Retail
    $165,000
    Mixed-Use
    $205,000
    Hospitality
    $170,000
    Educational
    $180,000
    Residential Income
    $160,000
    Energy
    $180,000
    Income-Based Land
    $155,000
    Food Service
    $180,000

Location Insight

  • Map
  • Local Demand
City
Durham
County
Durham
State
North Carolina
Longitude
-78.896
Latitude
36.0375
CBSA code
20500
CBSA name
DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$3,156
$141,423
$84,836
$226,259
-
$141,423
$84,836
$226,259
More about this property
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