Property profile

1015 Ellis Rd Durham, NC 27703

FOR SALE
Industrial properties
Property ID
US53-1105741
4,939 SF 0.74 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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 profile

Verified
Property type Industrial properties
Total area 4,939 SF
Lot 0.74 ac (32,234 SF)
UPID US53-1105741

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Auto Repair Shop
  • General Contractor

Location

1015 Ellis Rd Durham, NC 27703
Durham metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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