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    1011 Andrews Rd Durham, NC 27705

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    For Sale
    Contact for pricing

    3.81 Acres Near Duke University

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.81-acre residential land parcel, located at 1011 Andrews Rd, Durham, NC 27705, presents a prime development opportunity. Situated approximately one mile from Duke University, Duke Hospital, and the Duke VA Hospital, this property benefits from the robust growth and high demand for housing in Durham. The OI(D) and RS-10 zoning permits a variety of residential development options, ideally suited to address the current shortage of quality housing in this area. The location offers convenient access to Durham's vibrant dining, shopping, and economic attractions, making it an attractive location for potential residents. The property's APN is 124749 and 195461. This presents a unique chance to capitalize on the thriving Durham market, with potential for a sale or joint venture partnership. The site's proximity to major employers and amenities ensures strong rental demand and potential for high occupancy rates. This is an exceptional opportunity for developers seeking to contribute to the ongoing growth of Durham's residential landscape. The property's size and location make it an ideal candidate for a townhome community, catering to the significant housing needs of the area. Serious inquiries are encouraged.

    Property Features for 1011 Andrews Rd

    General Information

    Property type
    Land
    Lot Size
    165,964 SF

    HighLights

    • 3.81‑acre residential land parcel in Durham, NC.
    • Located at 1011 Andrews Rd, Durham, NC 27705.
    • Zoned OI(D) and RS‑10, suitable for townhome development.
    • APN: 124749 and 195461.
    • Approximately one mile from Duke University, Duke Hospital, and Duke VA Hospital.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.95429741883
    Latitude
    36.014743957212

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    FAQs

    What type of property is this?
    Land - 3.81 Acres Near Duke University
    Where is this land located?
    The property is located at 1011 Andrews Rd Durham, NC.
    What are key features of this property?
    This property features: 3.81-acre residential land parcel in Durham, NC.; Located at 1011 Andrews Rd, Durham, NC 27705.; Zoned OI(D) and RS-10, suitable for townhome development.
    Request Owner's contact information
    1011 Andrews Rd Durham, NC 27705
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    Durham, NC 27705
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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
    1011 Andrews Rd Durham, NC 27705
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