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    4802 Cheek Rd Durham, NC 27704

    Sponsored
    For Sale
    $4,507,100

    ±69 Acres Near I-85, RR Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 69.34-acre commercial land parcel presents a compelling investment opportunity in Durham County, North Carolina. Strategically located on Cheek Road, this property boasts convenient access to Interstate 85, placing it within easy reach of major transportation arteries and the vibrant Durham-Raleigh metropolitan area. The property is zoned Rural Residential (RR) under Durham County regulations. Importantly, the county has proposed a future land use designation of Mixed Residential Neighborhood, anticipated for adoption in December 2022, suggesting significant potential for future development. The asking price is $4,507,100, translating to an attractive price per acre of $65,000. The property's proximity to Falls Lake adds to its appeal, offering recreational opportunities and scenic beauty. With its substantial acreage, prime location, and promising future zoning, this land parcel represents a rare chance to acquire a significant holding in a rapidly growing area. The parcel ID is 170507. This is an exceptional opportunity for developers and investors seeking a large-scale project with excellent access and future development potential. The property's size and location make it ideal for a variety of uses, subject to necessary approvals and permits.

    Property Features for 4802 Cheek Rd

    General Information

    Property type
    Land
    Lot Size
    3,020,450 SF

    HighLights

    • ±69.34‑acre land parcel.
    • Less than three miles to I‑85 and Falls Lake.
    • RR (Rural Residential) zoning, Durham County.
    • Proposed future land use: Mixed Residential neighborhood (anticipated December 2022 adoption).
    • Parcel ID 170507.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Building Supply Auto Repair Shop Gym & Fitness Kitchen & Bath Garden Center Furniture Store Bakery Shopping Mall

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.77399679
    Latitude
    36.02879191

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    FAQs

    What type of property is this?
    Land - ±69 Acres Near I-85, RR Zoning
    Where is this land located?
    The property is located at 4802 Cheek Rd Durham, NC.
    What is the asking price?
    The asking price for this property is $4,507,100.
    What are key features of this property?
    This property features: ±69.34-acre land parcel.; Less than three miles to I-85 and Falls Lake.; RR (Rural Residential) zoning, Durham County.
    (919) 576-2501
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    4802 Cheek Rd Durham, NC 27704
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    Durham, NC 27704
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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
    4802 Cheek Rd Durham, NC 27704
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