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    5802 Miami Blvd Morrisville, NC 27560

    Sponsored
    For Sale
    Contact for pricing

    Prime Morrisville location, 33,000 SF, 4.58 acres

    Property size:
    33,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use development opportunity encompasses two parcels totaling approximately 4.585 acres of fully entitled land situated on South Miami Boulevard (NC Hwy 54) in Durham County, near the I-540 interchange. The approved site plan allows for the construction of 33,000 square feet of retail and office space, strategically positioned to capitalize on the high traffic volume of approximately 22,500 vehicles daily. The property boasts three existing buildings: a 4,000 square foot retail building, a 9,500 square foot retail building, and a larger building featuring 10,500 square feet of retail space on the first floor and 9,000 square feet of office space on the second floor. The site is already rough-graded with utilities readily available, simplifying the development process. Its proximity to Research Triangle Park (RTP), a hub for over 264 research companies and 50,000+ employees, further enhances its investment potential. The area is experiencing significant growth, with new multifamily and residential developments recently completed and underway, creating a robust and expanding market. The property is zoned Commercial General. This presents a unique chance to invest in a thriving area with strong infrastructure and a high-demand location.

    Property Features for 5802 Miami Blvd

    General Information

    Property type
    Land
    Square Feet
    33,000 SF
    Lot Size
    199,723 SF

    Building Details

    Buildings
    3

    HighLights

    • Fully entitled for 33,000 SF of mixed‑use development.
    • Situated on South Miami Blvd (NC Hwy 54) near I‑540 interchange.
    • Minutes from Research Triangle Park (RTP), home to 264+ research companies and 50,000+ employees.
    • High traffic count: 22,500 vehicles daily on South Miami Blvd.
    • New multifamily and residential developments nearby.
    • Existing 4,000 SF retail building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Morrisville
    County
    Durham
    State
    North Carolina
    Longitude
    -78.851957
    Latitude
    35.871758

    Nearby Comparable

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    Nearby Similar for Sale

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      Available Warehouse Space Near Airport

      40,000 SF warehouse space near Raleigh-Durham International Airport.
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      Retail and Office Development Site

      Approved site for 33,000 SF retail and office development.
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      Dominion Drive Office Building

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    FAQs

    What type of property is this?
    Land - Prime Morrisville location, 33,000 SF, 4.58 acres
    Where is this land located?
    The property is located at 5802 Miami Blvd Morrisville, NC.
    What are key features of this property?
    This property features: Fully entitled for 33,000 SF of mixed-use development.; Situated on South Miami Blvd (NC Hwy 54) near I-540 interchange.; Minutes from Research Triangle Park (RTP), home to 264+ research companies and 50,000+ employees.
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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
    5802 Miami Blvd Morrisville, NC 27560
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