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    8636 Johnson Mill Rd Bahama, NC 27503

    Sponsored
    For Sale
    $3,240,000

    182.89 Acres, Residential Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 182.89-acre property, located at 8636 Johnson Mill Rd, Bahama, NC 27503, presents a unique investment opportunity in Durham County. Zoned RR, this expansive tract offers significant potential for residential subdivision development, catering to a variety of needs. Its convenient location provides easy access to Duke University/Durham, RTP/RDU Airport, Chapel Hill/UNC, and Interstates 40 and 85, making it highly desirable. The land boasts ample road frontage and numerous potential homesites, ideal for creating estate lots or an equestrian community. The gently rolling topography is characterized by mature hardwood vegetation. Parcel numbers 190218/190219 are included in this sale. Standard conditions apply. Horse raising is permitted. Given its size, this is one of the largest contiguous tracts available in the area, making it suitable for immediate development, a long-term investment strategy (such as a "save/hold" approach), or a 1031 exchange. During the holding period, the property could generate income through timber harvesting or recreational hunting. The asking price is $3,240,000.

    Property Features for 8636 Johnson Mill Rd

    General Information

    Property type
    Land
    Lot Size
    7,966,688 SF

    HighLights

    • Parcel Numbers: 190218/190219
    • Zoning: RR
    • Standard Conditions Apply
    • Horse Raising Permitted
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Auto Repair Shop Accounting Firm HVAC Service Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Bahama
    County
    Durham
    State
    North Carolina
    Longitude
    -78.923956
    Latitude
    36.161504

    Nearby Comparable

    • $2,995,000
      90.66 Acres

      90+ Acre Durham Land Parcel

      Rare, expansive land parcel in North Durham with development potential.
      6900 Russell Rd, Durham, NC 27712
      View Details
    • New
      $139,000
      Pending

      Rougemont, NC Vacant Land

      Vacant land with road frontage in Rougemont, North Carolina.
      Circle L Trl, Rougemont, NC 27572
      View Details

    FAQs

    What type of property is this?
    Land - 182.89 Acres, Residential Potential
    Where is this land located?
    The property is located at 8636 Johnson Mill Rd Bahama, NC.
    What is the asking price?
    The asking price for this property is $3,240,000.
    What are key features of this property?
    This property features: Parcel Numbers: 190218/190219; Zoning: RR; Standard Conditions Apply
    (919) 542-0523
    Request Owner's contact information
    8636 Johnson Mill Rd Bahama, NC 27503
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    Bahama, NC 27503
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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
    8636 Johnson Mill Rd Bahama, NC 27503
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