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Property profile & analytics
OFF-MARKET
Estimated value
$52,390,000
Warehouses
4357 Alston Ave, Durham, NC 27713-2221
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1053284
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2016
Total area
240,537 SF
Lot
43.98 ac (1,915,769 SF)
Zoning code
IL
APN
154139
UPID
US53-1053284
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
-
FedEx Drop Box Postal Service Courier Service
-
FedEx Ground Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$54.28M
Blend (final)
Blend
$52.39M
Owner & transaction history
Bel Durham Limited Partnership · 5 yrs held
Bel Durham Limited Partnership
since 2021
Last sale
$50.5M
3 recorded transactions
Zoning & alternative use
IL · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$70.2M
+95.5%
Office building
$68.3M
+90.4%
Retail stores
$59.1M
+64.8%
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
$54,280,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$35,885,000
Current use
AUTO REPAIR, GARAGE
$70,150,000
Change: +96% · Conversion: Easy
OFFICE BUILDING
$68,315,000
Change: +90% · Conversion: Difficult
RETAIL STORES
$59,115,000
Change: +65% · Conversion: Moderate
COMMERCIAL (GENERAL)
$58,295,000
Change: +62% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$41,825,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$52.39M
Range $47.15M – $57.63M · ±10% · vs last sale $50.50M (Jun 14 2021)
Last sale anchor
$50.50M
Jun 14 2021
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
$218 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$571,494
Tax year 2023
Assessed value
$40,970,238
Assessed 2024
Previous assessed
$40,970,238
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$3,388,352
Assessed improvement
$37,581,886
Land market value
$3,388,352
Improvement market value
$37,581,886
Total market value
$40,970,238
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2016
Heating
SPACE
Stories
1
Total area
240,537 SF
Lot
43.98 ac (1,915,769 SF)
Zoning code
IL
APN
154139
UPID
US53-1053284
Jurisdiction
DURHAM
Zoning & alternative use
IL · Durham, NC
Zoning IL · permitted uses
IL · 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
WAREHOUSE, STORAGE Current
Est. value
$35.9M
AUTO REPAIR, GARAGE
Est. value
$70.2M
OFFICE BUILDING
Est. value
$68.3M
RETAIL STORES
Est. value
$59.1M
COMMERCIAL (GENERAL)
Est. value
$58.3M
INDUSTRIAL (GENERAL)
Est. value
$41.8M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (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
2016
Heating
SPACE
Stories
1
Lot
43.98 ac
Current owner
From public records · entity-resolved
Bel Durham Limited Partnership
Entity
Free & Clear · 5 yrs held
Mailing address
BOSTON, MA 02110
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2021
$505,000
Bel Durham Limited Partnership
Rpo Durham LLC
Special Warranty Deed
—
Jul 31, 2017
$44,944,000
Rpo Durham LLC
Suncap Durham LLC
Trustees Deed
$45,000,000 · Argentic R/e Fin LLC
Mar 16, 2016
$10,500,000
Suncap Durham LLC
Sumitomo Electric Lightwave Co
Trustees Deed
$30,200,000 · Regions Bk
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.
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