RTP Light Industrial
2528 South Alston Avenue, Durham, NC 27713
Light industrial property in RTP with office and storage space.
Type:IND, OFC
Property size:
2,133 SFLot size:
1.45 AcresPrice / SF:
$257/SF- Added:
- May 9, 2024
- Days on Market:
- 746
- Last Refresh:
- Apr 3 at 5:02 am
Property Features for 2528 South Alston Avenue
General Information
- Standard status
- Active
- Size
- 2,133 SF
- Lot size
- 1.45 Acres
- Property subtype
- IND, OFC
Building Details
- Year Built
- 1922
Listing agent Paulina Bohorquez License #222259, North Carolina (919) 985-9416
Listing office KW Commercial | Raleigh (919) 985-9416
Listing date May 9, 2024
Source Realnex
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial | Raleigh
HighLights
- Prime location within Research Triangle Park (RTP), a highly desirable business and technology hub.
- Substantial 1.45‑acre lot offering ample space for operations and storage.
- Includes a 1,233 sq ft office building suitable for administrative tasks and meetings.
- Features 900 sq ft of additional space ideal for light industrial use and storage.
- Opportunity to acquire an established Outdoor Living and Pool construction business operating on the property.
- Two designated parking spaces, including one ADA‑compliant space.
Overview
This light industrial property is located in Research Triangle Park (RTP). The property features a total of 2,133 square feet of space on a 1.45-acre lot. The property includes a 1,233 square foot office building suitable for administrative tasks, meetings, and day-to-day operations. There are two designated parking spaces, one of which is ADA compliant. In addition to the office building, the property includes 900 square feet of additional space, suited for light industrial use. The additional space is ideal for trades looking to store materials and equipment while running operations efficiently. The owner is offering the sale of an established Outdoor Living and Pool construction business that currently operates out of this property. This presents an opportunity to acquire both the property and the business, either as a portfolio or as individual assets.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$366.0K
NOI $32,942 @ 9.00% cap · cautious / downside scenario
Moderate
$470.6K
NOI $32,942 @ 7.00% cap · market / base-case scenario
Aggressive
$658.8K
NOI $32,942 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.2k | $24.96 |
| − Vacancy | −$9.3k | −$4.37 |
| EGI | $43.9k | $20.59 |
| − OpEx | −$11.0k | −$5.15 |
| NOI | $32.9k | $15.44 |
2,133 SF · lease $24.96/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$470.6K
$411.8K – $549.0K
NOI $32,942 @ 7.0% cap · market cap 5.99%
Second Best
Industrial
$402.7K
$352.3K – $469.8K
NOI $28,186 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$688.8K
$602.7K – $803.6K
NOI $48,214 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Luxury Living Scapes, ...
General Contractor
Similar Places Nearby
- Triangle food & catering events LLC — 2610 Riddle Rd, Durham, NC 27703
- 2505 Commissary — 2505 Whilden Dr, Durham, NC 27713
Location Insight
- Map
- Local Demand
- City
- Durham
- County
- Durham
- State
- North Carolina
- Longitude
- -78.8827936
- Latitude
- 35.950088
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Light industrial property in RTP with office and storage space.
Where is this flex space located?
The property is located at 2528 South Alston Avenue Durham, NC.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Prime location within Research Triangle Park (RTP), a highly desirable business and technology hub.; Substantial 1.45‑acre lot offering ample space for operations and storage.; Includes a 1,233 sq ft office building suitable for administrative tasks and meetings.
