Property profile

2528 S Alston Ave Durham, NC 27713

FOR LEASE
Office Spaces
Property ID
US53-1213868
1,233 SF 1.45 ac lot Built 1922
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For Lease
$4,500/Mo 1,233 SF available
2528 S Alston Ave, Durham, NC 27713
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Property summary

AI-generated overview

This exceptional 1,233-square-foot flex space, situated on a 1.45-acre lot in Durham's Research Triangle Park (RTP), presents a unique investment opportunity. The property, built in 1922, features two buildings and comprises a single-tenant, 1-story structure with light industrial zoning. The asking price is $590,000, translating to $478.51 per square foot. The property includes two parking spaces, one of which is ADA compliant. Beyond the main 1,233-square-foot building, an additional 900 square feet of space is available on the expansive lot, ideal for storage or outdoor operations. This versatile property is perfect for businesses needing both office and light industrial space, offering a blend of indoor and outdoor functionality. The property is offered as a single unit under a NNN lease. The location in RTP provides excellent access to major transportation routes and a thriving business community. The property's zoning allows for a variety of light industrial uses. Note that the current owner is also selling a separate business operating on the property. This presents a potential portfolio acquisition opportunity. The property's address is 2528 S Alston Ave, Durham, NC 27713, with APN 0830-40-6786.

Property profile

Verified
Property type Office Spaces
Year built 1922
Total area 1,233 SF
Lot 1.45 ac (63,162 SF)
UPID US53-1213868

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor

Location

2528 S Alston Ave Durham, NC 27713
Durham metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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