Add Listing
    For Sale
    • 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

    1600 Orange Grove Road Hillsborough, NC 27278

    View on Map
    For Sale
    $799,000

    LAND - Hillsborough, NC

    Lot size:
    3.10 Acres
    Added:
    Aug 4, 2025
    Days on Market:
    241
    Last Refresh:
    Apr 1 at 3:06 pm

    Property Features for 1600 Orange Grove Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    GC
    Vegetation
    Cleared, Partially Wooded
    Standard status
    Active
    APN
    9864818953
    Lot size
    3.10 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    S/S SR 1006 (ORANGE GROVE RD)
    TaxAnnualAmount
    4664

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Needed
    Water source
    Public

    We can help!

    Listing Contact
    Victoria Knight McKee
    Victoria Knight McKee

    Listing agent Victoria Knight McKee License #334789

    Listing office Re/MaxDiamond Realty 202 S Fifth Street, Mebane, NC

    Listing date Aug 4, 2025

    MLS# 10113712 Listing URL

    Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hillsborough Land For Sale

    This 3.1-acre parcel of vacant land is located in one of southern Hillsborough's growth corridors. Zoned General Commercial, the property is situated minutes from Downtown Hillsborough and key regional connectors I-85 and I-40. The site offers a range of commercial uses in a high-demand corridor with increasing residential and mixed-use development. The property is mostly cleared and buildable, with road frontage and visibility along Orange Grove Road and Mayo St. The daily traffic count is 4300. Buyers are encouraged to consult with the Town of Hillsborough for zoning use specifics and development standards.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hillsborough
    County
    Orange
    State
    North Carolina
    Longitude
    -79.104989
    Latitude
    36.06348

    Nearby Similar for Sale

    • $600,000
      1,714 SF

      Historic Commercial Building in Hillsborough

      Historic commercial building in downtown Hillsborough with prime Churton Street location.
      118 S Churton Street, Hillsborough, NC 27278
      View Details
    • $745,000
      2,502 SF

      Hillsborough Commercial Land Opportunity

      2.4 acres near Downtown Hillsborough with redevelopment potential.
      1800 Orange Grove Road, Hillsborough, NC 27278
      View Details
    • $745,000
      2,378 SF

      Hillsborough Commercial Land Opportunity

      2.1 acres near Downtown Hillsborough with redevelopment potential.
      1704 Orange Grove Road, Hillsborough, NC 27278
      View Details
    • $799,000

      Hillsborough Vacant Commercial Land

      3.1 acres of high-visibility land in a growth corridor.
      1600 Orange Grove Road, Hillsborough, NC 27278
      View Details
    • $150,000

      Hillsborough Land with Development Potential

      2.48-acre property suitable for development in desirable Hillsborough, NC.
      Old Pleasant Drive lot: 19, Hillsborough, NC 27278
      View Details
    • $110,000

      Hillsborough Land with Development Potential

      2.3 acres in Hillsborough, NC, suitable for development.
      2 Old Pleasant Drive, Hillsborough, NC 27278
      View Details
    • $425,000

      Hillsborough 10-Acre Wooded Homesite

      Ready-to-build 10-acre wooded homesite near Hillsborough, NC.
      3916 Marklyn Place, Hillsborough, NC 27278
      View Details
    • $165,000

      Homesite in Desirable Hillsborough Location

      Homesite near downtown Hillsborough with water and sewer connections.
      116 Sunset Circle, Hillsborough, NC 27278
      View Details
    • $134,000

      Land Near Hillsborough City Limits

      Land near I-85, close to hospitals and universities.
      Lannie Drive, Hillsborough, NC 27278
      View Details
    • $650,000
      1,368 SF

      Hillsborough Commercial Land For Sale

      4.4 acre commercial land parcel with development potential.
      Hwy 70 E, Hillsborough, NC 27278
      View Details
    • $279,000

      Residential Land in Hillsborough, NC

      2.16 acre lot ready for building a home.
      2 Orange Grove Road, Hillsborough, NC 27278
      View Details
    • $175,000

      Hillsborough Land: Build Your Dream

      0.58-acre lot ready for custom build in Hillsborough, NC.
      224 Holiday Park Road, Hillsborough, NC 27278
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.1 acres of vacant land in southern Hillsborough's growth corridor.
    Where is this commercial land located?
    The property is located at 1600 Orange Grove Road Hillsborough, NC.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: High‑visibility 3.1‑acre vacant land in a growth corridor.; General Commercial zoning allows for a wide range of commercial uses.; Prime location minutes from Downtown Hillsborough and I‑85/I‑40.
    (919) 619-9209
    We can help!
    Listing Contact
    Victoria Knight McKee
    Victoria Knight McKee
    Real Estate License ID: 334789
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!