4906 Meadow Dr, Durham, NC 27713
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.
-
Wasp Automotive Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.