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Property profile & analytics
OFF-MARKET
Auto shops

103 Rockway St Durham, NC 27704-2732

2,280 SF 0.36 ac lot Built 1955
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US53-1376379
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1955
Total area 2,280 SF
Lot 0.36 ac (15,682 SF)
Zoning code RS-20
APN 172050
UPID US53-1376379
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
  • Davis Brothers Plumbing Plumbing Service General Contractor
  • CND services Auto Repair Shop
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
Miami Blvd Investments LLC · 3 yrs held
Miami Blvd Investments LLC
since 2022
Last sale
$250,000
3 recorded transactions
2022
Price N/A
2022
$250,000
2012
$104,000
Zoning & alternative use
RS-20 · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The RS Districts are established to provide for orderly suburban residentialdevelopmentand redevelopment. A limited number of nonresidential uses are allowed, subject to the restrictions necessary to preserve the character of the suburban neighborhood.

Zone name Residential Suburban 20
General category RESIDENTIAL
Zone area 12,311.63 ac
Source Realmo
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