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    507 Alston Ave Durham, NC 27701

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    1.29 Acres, Prime Durham Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.29-acre commercial land assemblage in Durham, NC, presents a compelling investment opportunity. Strategically located at 507 S Alston Ave and encompassing multiple adjacent parcels (1200 Mint Street, 603 S Alston Avenue, 601 S Alston Avenue, and 509 S Alston Avenue), this property enjoys unparalleled access to Durham's thriving business environment. Just 1.4 miles from Downtown Durham, 3 miles from Duke University, and 7.2 miles from Research Triangle Park, it benefits from exceptional connectivity to major employers like Apple, Vinfast, and Wolfspeed. The site's proximity to key highways – 147 (Durham Freeway), I-85, I-40, and I-540 – ensures seamless regional access. Currently zoned for commercial use, this assemblage is ideally suited for diverse development projects, subject to necessary city and county approvals. Its location within a high-growth area, combined with the flexible use potential, promises significant long-term value for investors seeking to capitalize on Durham's continued economic expansion. The property's potential applications range from retail and office spaces to mixed-use developments, making it an attractive proposition for developers looking to contribute to Durham's ongoing growth. The assemblage's strategic location and development potential offer a unique chance to invest in a vibrant and expanding market. Detailed information and site visits are available upon request.

    Property Features for 507 Alston Ave

    General Information

    Property type
    Land

    HighLights

    • 1.29‑acre commercial land assemblage in Durham, NC.
    • Prime location near Downtown Durham, Duke University, and Research Triangle Park.
    • Excellent highway access via I‑147, I‑85, I‑40, and I‑540.
    • Currently zoned commercial; future development potential (subject to approvals).
    • High‑growth area near major employers like Apple, VinFast, and Wolfspeed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.8908281
    Latitude
    35.98124912

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    FAQs

    What type of property is this?
    Land - 1.29 Acres, Prime Durham Location
    Where is this land located?
    The property is located at 507 Alston Ave Durham, NC.
    What are key features of this property?
    This property features: 1.29-acre commercial land assemblage in Durham, NC.; Prime location near Downtown Durham, Duke University, and Research Triangle Park.; Excellent highway access via I-147, I-85, I-40, and I-540.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    507 Alston Ave Durham, NC 27701
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