Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10224 Durant Rd Raleigh, NC 27614-6468

    • Office buildings
    • 18,492 SF
    • 1.25 lot acres
    OFF-MARKET
    Value Estimations
    $2,325,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0646172
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Kitchens by Amy / Kitchen Remodeler
    • Brandon Reece: Allstate Insurance / Motorcycle Insurance Agency / Renter'S Insurance Agency
    • Wake HOA Management / Consultant
    • Amy Bonis Mortgage Team / Mortgage Broker / Mortgage Lender
    • EnWood Structures / Manufacturer / Construction

    Property Details for 10224 Durant Rd

    Year built
    2001
    Construction
    FRAME
    Lot size
    1.25 lot acres
    Property size
    18,492 SF
    Zone code
    IX-3
    Property type
    Office buildings
    APN
    1728.14-24-7472 0278485
    APU
    1728142474720278485

    Description

    This exceptional Raleigh office space, located within the Durant Office Park at 10224 Durant Rd, offers 1,173 square feet of immediately available space. Situated in Wake County, near the intersection of Falls of Neuse Road and Capital Boulevard, this property provides convenient access to major thoroughfares. The single, two-story building comprises a total of 18,000 square feet, offering a traditional office environment suitable for a variety of businesses. Utilities are serviced by Duke Energy. The building is equipped with elevators for easy access to both floors. While the ceiling height is not specified, the available space presents a functional and efficient layout ideal for a growing company or a business seeking a smaller, well-located office. The property is currently available for lease and presents a unique opportunity to establish a presence in a desirable Raleigh location. The address is 10224 Durant Rd, Raleigh, NC 27614. This is a multi-tenant building, offering a collaborative and professional atmosphere. The property's convenient location and readily available space make it an attractive option for businesses seeking a prime location in Raleigh's thriving commercial market. The 1,173 square feet of vacant space is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,617,000
      Market price range: $2.62M - $4.80M
      AI Estimate
      $2,135,000
      Market price range: $2.14M - $3.90M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,610,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5854
    Latitude
    35.9046
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $24,663
    $382,239
    $1,880,394
    $2,262,633
    -
    $382,239
    $1,880,394
    $2,262,633

    Comparable in this City

    • Value Estimation
      $13,310,000
      57,237 SF

      10301 Fls Of Neuse Rd

      OFFICE BUILDING • 57,237 SF
      10301 Fls Of Neuse Rd, Raleigh, NC 27614-9774
      View Details
    • Value Estimation
      $1,795,000
      13,440 SF

      13251 Fls Of Neuse Rdlh

      OFFICE BUILDING • 13,440 SF
      13251 Fls Of Neuse Rdlh, Raleigh, NC 27614-8572
      View Details
    • Value Estimation
      $12,790,000
      64,890 SF

      11125 Frst Pnes Dr

      OFFICE BUILDING • 64,890 SF
      11125 Frst Pnes Dr, Raleigh, NC 27614-7677
      View Details
    • Value Estimation by Request
      2,080 SF

      10320 Durant Rd Ste, Unit 101

      OFFICE BUILDING • 2,080 SF
      10320 Durant Rd Ste, Raleigh, NC 27614-6466
      View Details
    • Value Estimation by Request
      1,468 SF

      3021 Berks Way Ste, Unit 101

      OFFICE BUILDING • 1,468 SF
      3021 Berks Way Ste, Raleigh, NC 27614-6775
      View Details
    • Value Estimation by Request
      2,028 SF

      11030 Raven Rdg Rd Ste, Unit 101

      OFFICE BUILDING • 2,028 SF
      11030 Raven Rdg Rd Ste, Raleigh, NC 27614-8512
      View Details

    Similar Nearby for Sale

    • $460,000
      2.03 Acres

      Raleigh Land with Green Space

      2.03 acre homesite in Raleigh's Falls Lake watershed area.
      14124 Norwood Rd, Raleigh, NC 27614
      View Details
    • $1,500,000
      3.11 Acres

      Commercial Land in Raleigh, NC

      3.11 acres zoned for Commercial Mixed Use in Raleigh.
      14200 Falls Of Neuse Rd, Raleigh, NC 27614
      View Details
    • $779,000
      5.00 Acres

      Five Acre Land Parcel

      Undeveloped 5-acre land parcel suitable for town house development.
      2051 Dunn Rd, Raleigh, NC 27614
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      75,927 SF

      Retail Shopping Center in Raleigh

      Retail spaces available in a busy Raleigh shopping center.
      13200 Falls Of Neuse Rd, Raleigh, NC 27614
      View Details
    • Contact for pricing
      237,402 SF

      Wakefield Commons Retail Opportunity

      Raleigh, NC Retail Development Land
      0 Wakefield Commons Dr, Raleigh, NC 27614
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10224 Durant Rd
    Raleigh, NC 27614-6468
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.