Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2721 Coley Rd Durham, NC 27703

    Sponsored
    For Sale
    $5,170,500

    ±69 Acres, RR Zoning, $75k/Acre

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 68.94-acre commercial land parcel presents a unique investment opportunity in Durham County, North Carolina. Located at 2721 Coley Road, Durham, NC 27703, this property boasts a strategic location at the intersection of Coley Road and Kemp Road, offering excellent accessibility and visibility. Currently zoned Rural Residential (RR), the land is poised for significant future development. The City of Durham's anticipated adoption of a new land use plan in December 2022 designates this area for Mixed Use Neighborhood and Mixed Residential Neighborhood development, presenting substantial potential for a variety of commercial and residential projects. The property consists of three parcels, APN numbers 194900, 194893, and 194898, and is situated within the City of Durham's extraterritorial jurisdiction (ETJ). Offered at $5,170,500, or $75,000 per acre, this expansive tract represents a compelling investment in a rapidly growing area of Durham County. The property's size and zoning flexibility make it ideal for a wide range of development possibilities, catering to the increasing demand for both commercial and residential spaces in this desirable location. Don't miss this chance to acquire a significant land holding with exceptional future prospects.

    Property Features for 2721 Coley Rd

    General Information

    Property type
    Land
    Lot Size
    3,003,026 SF

    HighLights

    • $5,170,500 asking price
    • 68.94‑acre land parcel in Durham, NC
    • RR zoning
    • $75,000/acre land value
    • APN: 194900, 194893 & 194898
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Department Store Electronics Store Convenience Store Computer & Electronic Repair Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.738897
    Latitude
    35.951531

    Nearby Similar for Sale

    • $539,000
      Pending

      Well-Maintained Duplex in American Village

      Duplex near Downtown Durham, Duke University, and Duke Hospital.
      4316 American Dr, Durham, NC 27705
      View Details
    • $675,000
      2,674 SF

      Durham Multi-Family Investment Opportunity

      Duplex in high-demand location, ideal for investors or owner-occupants.
      604 Homeland Ave, Durham, NC 27707
      View Details
    • $1,739,000
      9,148 SF

      Renovated Multifamily Investment Near Duke

      Nine units in two buildings near Duke University.
      2209-2211 Morehead Ave, Durham, NC 27707
      View Details
    • $550,000
      1,249 SF

      West Durham Duplex Opportunity

      Turnkey duplex in prime location near Duke University.
      1022 Carolina Ave, Durham, NC 27705
      View Details
    • $768,000
      Pending

      Durham Quadplex Near Duke Campus

      Fully leased quadruplex near Duke East Campus with strong rental history.
      1023 Berkeley St, Durham, NC 27705
      View Details
    • $260,000
      546 SF

      Furnished Condo in Downtown Durham

      Bright, furnished 1BR condo in gated community, downtown Durham.
      807 W Trinity Ave Unit, Durham, NC 27701
      View Details
    • $575,000
      2,929 SF

      Durham Multifamily Investment Opportunity

      Four-unit property near downtown and Duke University.
      1113 Camden Ave, Durham, NC 27701
      View Details
    • $765,000
      Pending

      Three-Story Home in Morehead Hill

      Three-story home with rental history near Duke and downtown Durham.
      902 Vickers Ave, Durham, NC 27701
      View Details
    • $549,000
      Pending

      Renovated Multifamily Property in Durham

      Durham multifamily property featuring renovated units with 3 bedrooms, 2.5 baths.
      917 Scout Dr, Durham, NC 27707
      View Details
    • $719,900
      3,034 SF

      Modern Duplex Near Downtown Durham

      Two-story duplex with modern amenities, close to downtown Durham.
      1109 Eva St, Durham, NC 27703
      View Details
    • $515,000
      3,080 SF

      Durham Duplex Near Duke University

      Two-unit property near Duke, ideal for investors or rentals.
      1406 W Club Blvd, Durham, NC 27705
      View Details
    • $250,000
      1,408 SF

      Durham Duplex Near NCCU

      All-brick duplex near NCCU with strong rental demand.
      1609 Lincoln St, Durham, NC 27701
      View Details

    FAQs

    What type of property is this?
    Land - ±69 Acres, RR Zoning, $75k/Acre
    Where is this land located?
    The property is located at 2721 Coley Rd Durham, NC.
    What is the asking price?
    The asking price for this property is $5,170,500.
    What are key features of this property?
    This property features: $5,170,500 asking price; 68.94-acre land parcel in Durham, NC; RR zoning
    (919) 576-2501
    Request Owner's contact information
    2721 Coley Rd Durham, NC 27703
    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.
    2721 Coley Rd
    Durham, NC 27703
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2721 Coley Rd Durham, NC 27703
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.