Property profile

4906 Meadow Dr Durham, NC 27713

OFF-MARKET
Retail properties & Spaces
Property ID
US53-1299417
7,922 SF 0.94 ac lot Built 1996
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Property summary

AI-generated overview

This exceptional 7,922-square-foot industrial property, situated on a 0.94-acre lot in Durham, NC, presents a unique investment opportunity. Built in 1996, the single-story building boasts nine service bays, a spacious waiting area, ample office space, and substantial storage. The property's versatile design, encompassing both auto shop and flex space, caters to a wide range of potential uses. Its prime location near the intersection of Apex Highway and Allentown Drive offers easy access to a thriving commercial area and convenient proximity to I-40 and NC-54. The property includes attractive landscaping and picnic areas, enhancing its overall appeal. The permitted zoning is IL(D). The asking price is $1,200,000, translating to $151.48 per square foot. Currently vacant, this property is being offered as a combined sale of both the real estate and the existing automotive service business. This presents a rare chance to acquire a well-established business and a strategically located property in a high-growth area of Durham. The property's features and location make it an ideal investment for both established businesses and entrepreneurs seeking a versatile and well-positioned space. The sale includes the existing business.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1996
Total area 7,922 SF
Lot 0.94 ac (40,946 SF)
UPID US53-1299417

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

Location

4906 Meadow Dr Durham, NC 27713
Durham metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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
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