Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2528 S Alston Ave Durham, NC 27713

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2528 S Alston Ave Durham, NC 27713

    View on Map
    • Commercial real estate
    • 1,233 SF
    • 1.45 lot acres
    For Sale
    $550,000
    View Listing →
    RTP Light Industrial Property For Sale
    $550,000
    2,133 SF

    RTP Light Industrial Property

    Light industrial property in RTP with office and storage space.

    2528 South Alston Avenue, Durham, NC 27713
    View Listing
    Property ID
    US53-1213868
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Luxury Living Scapes, Inc. / General Contractor

    Property Details for 2528 S Alston Ave

    Lot size
    1.45 lot acres
    Property size
    1,233 SF
    Property type
    Commercial real estate

    Description

    This exceptional 1,233 square foot office building, situated on a 1.45-acre lot in the Research Triangle Park (RTP), presents a unique opportunity for a single tenant. The property features a traditional office space ideal for light industrial use, complemented by an additional 900 square feet of outdoor space on the expansive lot. Two designated parking spaces are included, with one ADA compliant. The property's location in RTP offers excellent accessibility and visibility. This versatile space is perfect for businesses needing both office and storage capabilities, particularly those in trades requiring material storage and operational space. The property's ample land provides significant potential for expansion or additional uses. Note that an adjacent laydown yard is available for an additional monthly fee of $1,300. The current owner is also offering the sale of their established Outdoor Living and Pool construction business, which currently operates from this location. This presents a unique opportunity to acquire both the property and the ongoing business as a portfolio, or to purchase the property and business separately.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.882403840472
    Latitude
    35.949832781731

    Comparable in this City

    • Sponsored
      Contact for pricing

      RTP Meridian

      Discover many ways to work your way in RTP Meridian
      2530 Floors, Durham, NC 27713
      View Details
    • $4,500 /Mo
      Pending

      Durham Flex Space For Rent

      Flex space with accessibility to the Greater Triangle Area.
      2528 S Alston Ave, Durham, NC 27713
      View Details
    • Contact for pricing

      Medical Office Space Sublease

      Medical office space available for sublease.
      5015 Southpark Dr, Durham, NC 27713
      View Details
    • $1,500 /Mo
      478 SF

      Durham Office Condo For Lease

      Recently remodeled office condo with easy access and great location.
      3201 Yorktown Ave, Durham, NC 27713
      View Details
    • Contact for pricing
      11,869 SF

      Durham Office Space For Rent

      Office space available in Durham, close to major transport routes.
      2800 Meridian Pkwy, Durham, NC 27713
      View Details
    • Contact for pricing

      Versatile Workspace Solutions Available Now

      Flexible office spaces, coworking, meeting rooms, and virtual office options.
      2530 Meridian Pkwy, Durham, NC 27713
      View Details

    Similar Nearby for Sale

    • $550,000

      RTP Light Industrial Property

      Light industrial property in RTP with office and storage space.
      2528 South Alston Ave, Durham, NC 27713
      View Details
    • Contact for pricing

      South Durham Office Suites Available

      First floor office suites in South Durham near I-40.
      1906 E Nc 54 Hwy, Durham, NC 27713
      View Details
    • Contact for pricing

      Class A Office Campus Redevelopment

      Two-building Class A office campus with modern indoor/outdoor workspaces.
      2222 Nc 54, Durham, NC 27713
      View Details
    • $850,000
      3,037 SF

      Durham Medical Office Condo

      Prime Medical Space, 3,037 SF, $850K
      249 Nc Highway 54, Durham, NC 27713
      View Details
    • Contact for pricing
      1,183 SF

      Durham Office Condominium For Sale

      Office condominium in Durham, convenient location, suitable for investors.
      3201 Yorktown Ave, Durham, NC 27713
      View Details
    • Contact for pricing
      831 SF

      Durham Office Condominium For Sale

      Office condominium in Durham, close to RTP and downtown.
      3201 Yorktown Ave, Durham, NC 27713
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      RTP Meridian

      Discover many ways to work your way in RTP Meridian
      2530 Floors, Durham, NC 27713
      View Details
    • $4,500 /Mo
      Pending

      Durham Flex Space For Rent

      Flex space with accessibility to the Greater Triangle Area.
      2528 S Alston Ave, Durham, NC 27713
      View Details
    • Contact for pricing

      Medical Office Space Sublease

      Medical office space available for sublease.
      5015 Southpark Dr, Durham, NC 27713
      View Details
    • Contact for pricing

      Versatile Workspace Solutions Available Now

      Flexible office spaces, coworking, meeting rooms, and virtual office options.
      2530 Meridian Pkwy, Durham, NC 27713
      View Details
    • $26 SF/Yr
      18,395 SF

      Office/Medical Building Near Southpoint Mall

      Single-story office/medical building near Southpoint Mall available for lease.
      5501 Fortunes Ridge Dr, Durham, NC 27713
      View Details
    • $45,045
      2,145 SF

      Durham Office Space For Lease

      Flexible office unit with ample parking and recent upgrades.
      1906 Carolina 54, Durham, NC 27713
      View Details
    View Listing
    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.
    2528 S Alston Ave
    Durham, NC 27713
    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

    Thank You for Inquiry

    2528 S Alston Ave, Durham, NC, 27713

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!