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    Davis Park Durham, NC 27703

    Sponsored
    For Sale
    Contact for pricing

    3.48-acre mixed-use development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 3.48-acre development site, located in Durham, North Carolina, presents a unique investment opportunity. Situated in Durham County, this property boasts a prime location with convenient access to key amenities and infrastructure. The site is zoned OI-2 CN, PUD, allowing for a diverse range of development possibilities, including hospitality, commercial, and multifamily uses. With municipal water and sewer utilities already in place, this significantly reduces development complexities and costs. The property's size allows for a substantial build-out, with potential square footage ranging from 96,000 to 120,200 square feet, offering significant flexibility for developers. The parcel includes APNs 210703 and 210704. This exceptional location in Durham, NC (zip code 27703) offers developers a chance to capitalize on the area's thriving economy and growing population. The asking price for this remarkable development opportunity is $5,000,000. Don't miss this chance to acquire a prime piece of land in a rapidly developing area.

    Property Features for 0 Davis Park

    General Information

    Property type
    Land
    Lot Size
    151,589 SF

    HighLights

    • 3.48‑acre development site in Durham County, NC.
    • Land suitable for hospitality, mixed‑use, or commercial development.
    • 96,000‑120,200 square foot buildable area.
    • OI‑2 CN, PUD zoning.
    • Municipal water and sewer available.
    • Asking price: $5,000,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.8634381
    Latitude
    35.883057

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    FAQs

    What type of property is this?
    Land - 3.48-acre mixed-use development opportunity.
    Where is this land located?
    The property is located at Davis Park Durham, NC.
    What are key features of this property?
    This property features: 3.48-acre development site in Durham County, NC.; Land suitable for hospitality, mixed-use, or commercial development.; 96,000-120,200 square foot buildable area.
    Request Owner's contact information
    Davis Park Durham, NC 27703
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    Durham, NC 27703
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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
    Davis Park Durham, NC 27703
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