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    4000 Forrestdale Dr Durham, NC 27712

    Sponsored
    For Sale
    $534,626

    8.62 Acres, Prime Durham Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 8.62-acre commercial land parcel presents a unique investment opportunity in Durham, North Carolina. Located on a tranquil cul-de-sac, the property boasts convenient access to Downtown Durham, I-40, I-85, Research Triangle Park (RTP), and Chapel Hill, ensuring excellent connectivity and accessibility. The land is zoned RS-20, offering potential for various commercial developments. A shared pond with adjacent properties, subject to deed restrictions, adds a natural element to the site. Valley Spring Park is conveniently located directly across the street, providing a nearby recreational amenity. Public water access is available along the property's frontage. While a sewer force main runs along the property line, connection is not currently feasible, necessitating the installation of a septic system. The property's APN is 081329634446. This prime location, combined with its substantial size and proximity to major transportation arteries and amenities, makes this an attractive proposition for developers and investors seeking a strategic foothold in the thriving Durham market. The asking price for this remarkable property is $534,626.

    Property Features for 4000 Forrestdale Dr

    General Information

    Property type
    Land
    Lot Size
    375,487 SF

    HighLights

    • 8.62‑acre residential lot on a quiet cul‑de‑sac in Durham, NC.
    • Shared pond with neighbors, deed‑restricted.
    • Across from Valley Spring Park.
    • Public water access at the street.
    • Sewer line adjacent, connection not permitted.
    • On‑site septic system required.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Spa & Massage Wholesale Shop Kitchen & Bath Food Market Grocery Store Pawn Shop Plumbing Service Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.95693
    Latitude
    36.056813

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    FAQs

    What type of property is this?
    Land - 8.62 Acres, Prime Durham Location
    Where is this land located?
    The property is located at 4000 Forrestdale Dr Durham, NC.
    What is the asking price?
    The asking price for this property is $534,626.
    What are key features of this property?
    This property features: 8.62-acre residential lot on a quiet cul-de-sac in Durham, NC.; Shared pond with neighbors, deed-restricted.; Across from Valley Spring Park.
    (919) 573-1392
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    4000 Forrestdale Dr Durham, NC 27712
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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
    4000 Forrestdale Dr Durham, NC 27712
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