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    6222 Wake Forest Hwy Durham, NC 27703

    For Sale
    $3,500,000

    29.5 Acres Commercial Land, Durham, NC

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 29.5-acre commercial land assemblage in Durham, North Carolina, presents a unique investment opportunity priced at $3,500,000. Located at 6222, 6258, and 6196 Wake Forest Highway (27703), this property offers significant development potential. The land is zoned for commercial use and boasts a strategic location, just 11 minutes from Falls Lake, 19 minutes from Raleigh-Durham International Airport (RDU), 17 minutes from Downtown Durham, 35 minutes from Downtown Raleigh, and 31 minutes from Downtown Chapel Hill. The $118,300 per acre price point reflects the high value of this prime location. Potential uses include luxury estate development, a family compound, custom home construction, agricultural ventures, or commercial businesses that complement the nearby Zinc House Winery and Brewery. The property's size and location make it an attractive prospect for a variety of projects. While the current lease on a portion of the land expires April 3, 2025, the significant acreage offers ample opportunity for future development. This is a rare chance to acquire a substantial land parcel in a rapidly growing area with excellent access to major transportation routes and amenities.

    Property Features for 6222 Wake Forest Hwy

    General Information

    Property type
    Land
    Lot Size
    1,285,020 SF

    HighLights

    • 29.5‑acre commercial land assemblage in Durham, NC, priced at $3,500,000.
    • Located at 6222, 6258, and 6196 Wake Forest Highway (27703), zoned for commercial use.
    • Prime location: 11 minutes from Falls Lake, 19 minutes from RDU, 17 minutes from Downtown Durham, 35 minutes from Downtown Raleigh, and 31 minutes from Downtown Chapel Hill.
    • $118,300 per acre; potential uses include luxury estate development, custom homes, or commercial ventures.
    • Existing lease expires April 3, 2025; ample opportunity for future development in a rapidly growing area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency HVAC Service Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.756901
    Latitude
    35.976328

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    FAQs

    What type of property is this?
    Land - 29.5 Acres Commercial Land, Durham, NC
    Where is this land located?
    The property is located at 6222 Wake Forest Hwy Durham, NC.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: 29.5-acre commercial land assemblage in Durham, NC, priced at $3,500,000.; Located at 6222, 6258, and 6196 Wake Forest Highway (27703), zoned for commercial use.; Prime location: 11 minutes from Falls Lake, 19 minutes from RDU, 17 minutes from Downtown Durham, 35 minutes from Downtown Raleigh, and 31 minutes from Downtown Chapel Hill.
    (919) 985-9416
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    6222 Wake Forest Hwy 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
    6222 Wake Forest Hwy Durham, NC 27703
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