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    Waterstone Dr Hillsborough, NC 27278

    Sponsored
    For Sale
    Contact for pricing

    Prime NC Retail Pad, 19 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 19.48-acre restaurant pad, located at 1 Waterstone Drive in Hillsborough, North Carolina, presents a unique investment opportunity. Situated within the 318-acre Waterstone master-planned development, this property benefits from existing infrastructure including water, sewer, and spine roads. Its strategic location at the corner of Waterstone Drive and Old NC-86 in Orange County offers unparalleled accessibility. The site enjoys proximity to major transportation arteries, including I-40 and the I-40/I-85 interchange, providing easy access to the Triangle and Triad markets. This prime location also places the property near key community assets such as Durham Tech Community College, UNC Hospital Hillsborough Campus, and the Hillsborough Farmers Market. Furthermore, its position across from a planned 2.4 million square foot Research Triangle Logistics Park offers significant long-term growth potential. The property is zoned for retail use, making it ideal for a restaurant or other retail establishments. The parcel's PIN is 9873146102. This is a rare chance to secure a prominent location in a thriving, rapidly developing area. The property is available for lease or sale.

    Property Features for 0 Waterstone Dr

    General Information

    Property type
    Restaurants
    Lot Size
    848,549 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hillsborough
    County
    Orange
    State
    North Carolina
    Longitude
    -79.0903115
    Latitude
    36.0385975

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    FAQs

    What type of property is this?
    Restaurant - Prime NC Retail Pad, 19 Acres
    Where is this restaurant located?
    The property is located at Waterstone Dr Hillsborough, NC.
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    Waterstone Dr Hillsborough, NC 27278
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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
    Waterstone Dr Hillsborough, NC 27278
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