Standalone Office
For Sale
$300,000
4137 S Alston Ave, Durham, NC 27713
Versatile standalone office building offered for sale on a 1-acre site.
Property Size1,024 SF
Days on Market146
Property Features for 4137 S Alston Ave
General Information
Standard status
Active
Size
1,024 SF
Property subtype
Industrial
Building Details
Building Size
1,024 SF
Year Built
1942
Listed By:
Garrett Lewis
(919) 360-6108
Source:
Trinity-partners
Added: May 14
Changed: Oct 6
Last Checked: Oct 5 at 5:23PM
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 Garrett Lewis
Investment Insights
Based on property information with market context.
This standalone office building is offered for sale as a versatile commercial property on a 1-acre site. The building is sized at 1,024, providing a dedicated office setting for prospective owners or occupants.
The property is located at 4137 South Alston Avenue in Durham, NC, and is presented as a standalone asset suitable for office-focused use.
For sale as-is, the offering supports buyers looking for an independent office building on its own site.
The property is located at 4137 South Alston Avenue in Durham, NC, and is presented as a standalone asset suitable for office-focused use.
For sale as-is, the offering supports buyers looking for an independent office building on its own site.
Key Highlights
- Standalone office building built in 1942
- Offered for sale on a 1‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,815
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,300
$316.3K
Cap Rate 7%
$225,929
$225.9K
Cap Rate 9%
$175,722
$175.7K
Market Conditions
NOI Build-Up for 1,024 SF
Gross rent
$25.6K $24.96/SF
− Vacancy
−$4.5K −$4.37/SF
EGI
$21.1K $20.59/SF
− OpEx
−$5.3K −$5.15/SF
NOI
$15.8K $15.44/SF
Area
Durham, NC
Vacancy
17.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,300
Cap Rate 7%
$225,929
Cap Rate 9%
$175,722
Alternative Uses
Best Use
Office B
$225.9K
$197.7K – $263.6K
NOI $15,815 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$330.7K
$289.3K – $385.8K
NOI $23,146 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Explore this area
Business Placement
Demographics for 27713, NC
54,988
Population
26,266
Households
2.1
Avg Household Size
36
Median Age
65%
College-Educated
96%
High-School Grad
35.4 sq mi
ZIP Area
1,553
Density / Sq Mi
$96,900
Median Household Income
$56,918
Median Earnings
$1,460
Median Rent
$380,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Versatile standalone office building offered for sale on a 1-acre site.
Where is this office building located?
The property is located at 4137 S Alston Ave Durham, NC.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Standalone office building built in 1942; Offered for sale on a 1‑acre site
