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Property profile & analytics
FOR SALE
Flex space

1015 Ellis Rd Durham, NC 27703

4,939 SF 0.74 ac lot
Property ID
US53-1105741
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 Flex space
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • X-Press Hail Works Auto Repair Shop
  • Auto Art Collision Auto Repair Shop
  • Beatty's Mechanical Services General Contractor
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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