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    3823 Durham-Chapel Hl Blvd Durham, NC 27707

    For Sale
    $18,000,000

    Prime Durham corridor site near University Hill development.

    Property size:
    5 SF
    Lot size:
    5.62 Acres

    Property Features for 3823 Durham-Chapel Hl Blvd

    General Information

    Size
    5 SF
    Lot size
    5.62 Acres

    Source: Moss Withers Agent Moss Withers

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Durham Multifamily Redevelopment Opportunity

    This 5.62-acre property presents a multifamily redevelopment opportunity in Durham, situated on a prime corridor near the new University Hill mixed-use development and various retail and restaurant options. Located at the signalized corner of US 15-501 Hwy Bus and Shannon Road, the site offers high visibility and access to major transit corridors. The property includes an 18,176 square foot building and a 36,485 square foot building. The location provides convenient access to amenities, Duke University, and I-40. Durham-Chapel Hill Boulevard sees approximately 20,000 vehicles per day. The property is zoned General Commercial CG (D) and has a Transit Opportunity Area future land use designation.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.9434
    Latitude
    35.955

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    FAQs

    What type of property is this?
    Land - Prime Durham corridor site near University Hill development.
    Where is this land located?
    The property is located at 3823 Durham-Chapel Hl Blvd Durham, NC.
    What is the asking price?
    The asking price for this property is $18,000,000.
    What are key features of this property?
    This property features: - Prime redevelopment opportunity in a desirable Durham location.; - High visibility corner lot at a signalized intersection of US 15-501 Hwy Bus and Shannon Road.; - Significant acreage (5.62 acres) with existing buildings (18,176 SF and 36,485 SF).
    (919) 576-2501
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    3823 Durham-Chapel Hl Blvd Durham, NC 27707
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    Realmo Value Estimation

    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.

    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.

    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
    3823 Durham-Chapel Hl Blvd Durham, NC 27707
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