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    I-40 & New Hope Church Rd Chapel Hill, NC 27516

    Sponsored
    For Sale
    Contact for pricing

    Prime Residential Land Near Chapel Hill

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 49.7-acre parcel presents a remarkable opportunity for residential development. Located in Chatham County, North Carolina, near the intersection of I-40 and New Hope Church Road, this property boasts an ideal location just minutes from Chapel Hill, Durham, and Hillsborough. The land is zoned RB - Rural Buffer (Single Family), allowing for single-family residential construction. The property's APN is 9872540013 | 9872630055. Its convenient location offers easy access to major transportation routes and urban amenities while providing a tranquil setting. A significant advantage is the property's adjacency to Blackwood Farm Park, a 152-acre Orange County park, providing residents with access to extensive green space and recreational opportunities. This well-situated land is perfect for a subdivision project, offering the potential for significant returns. The existing well and septic infrastructure further enhances the development potential, minimizing initial infrastructure costs. This is a rare opportunity to acquire a substantial tract of land in a highly desirable area, poised for immediate development. The property's size and zoning make it an attractive investment for developers seeking to capitalize on the strong demand for residential properties in this rapidly growing region. The combination of location, zoning, and access to amenities makes this a truly exceptional opportunity. Contact us today to learn more.

    Property Features for I-40 & New Hope Church Rd

    General Information

    Property type
    Land
    Lot Size
    2,164,932 SF

    HighLights

    • Excellent well and septic subdivision potential.
    • Conveniently located near Chapel Hill, Durham, and Hillsborough.
    • Adjacent to Blackwood Farm Park, a 152‑acre Orange County park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Chapel Hill
    County
    Chatham
    State
    North Carolina
    Longitude
    -79.08308
    Latitude
    36.011757

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    FAQs

    What type of property is this?
    Land - Prime Residential Land Near Chapel Hill
    Where is this land located?
    The property is located at I-40 & New Hope Church Rd Chapel Hill, NC.
    What are key features of this property?
    This property features: Excellent well and septic subdivision potential.; Conveniently located near Chapel Hill, Durham, and Hillsborough.; Adjacent to Blackwood Farm Park, a 152-acre Orange County park.
    (919) 281-2318
    Request Owner's contact information
    I-40 & New Hope Church Rd Chapel Hill, NC 27516
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    Chapel Hill, NC 27516
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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
    I-40 & New Hope Church Rd Chapel Hill, NC 27516
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