New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,460,000
Office buildings
4319 Alston Ave, Durham, NC 27713-2487
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1716093
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Total area
31,558 SF
Lot
4.74 ac (206,474 SF)
Zoning code
IL(D)
APN
154206
UPID
US53-1716093
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Canon Solutions America Big Box & Wholesale Store
-
Baseball America Publishing House
-
GEA Intec, LLC Industrial Manufacturer Production Facility
-
Spectrofuge Corporation of NC, Inc. Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.36M
Blend (final)
Blend
$5.46M
Owner & transaction history
Holken Properties LLC · 3 yrs held
Holken Properties LLC
since 2022
Last sale
$5.8M
2 recorded transactions
Zoning & alternative use
IL(D) · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Durham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Durham submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,260,000
ML approach
$5,165,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,960,000
Current use
RETAIL STORES
$7,755,000
Change: -13% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,650,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$5.46M
Range $4.91M – $6.01M · ±10% · vs last sale $5.75M (Nov 8 2022)
Last sale anchor
$5.75M
Nov 8 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$173 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$39,355
Tax year 2024
Assessed value
$2,821,381
Assessed 2024
Previous assessed
$2,821,381
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$385,567
Assessed improvement
$2,435,814
Land market value
$385,567
Improvement market value
$2,435,814
Total market value
$2,821,381
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2003
Heating
YES
Cooling
YES
Stories
1
Total area
31,558 SF
Lot
4.74 ac (206,474 SF)
Zoning code
IL(D)
APN
154206
UPID
US53-1716093
Jurisdiction
DURHAM
Zoning & alternative use
IL(D) · Durham, NC
Zoning IL(D) · permitted uses
IL(D) · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Durham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$9.0M
RETAIL STORES
Est. value
$7.8M
COMMERCIAL (GENERAL)
Est. value
$7.7M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
YES
Cooling
Yes
Stories
1
Lot
4.74 ac
Current owner
From public records · entity-resolved
Holken Properties LLC
Entity
Mailing address
4319 S ALSTON AVE STE #100, DURHAM, NC 27713-2487
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2022
$5,750,000
Holken Properties LLC
4319 S Alston LLC
Warranty Deed
$4,800,000 · Southern First Bank NA
Oct 25, 2019
$3,150,500
4319 S Alston LLC
Alston Ave Properties LLC
Special Warranty Deed
$2,300,000 · Capital Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4319 Alston Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
