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    1502 Old Oxford Rd Durham, NC 27704

    Sponsored
    For Sale
    $1,777,500

    11.85 Acres, High-Density Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 11.85-acre land parcel presents a unique investment opportunity in Durham, North Carolina. Situated at the signalized intersection of Old Oxford and Hebron Roads, this property boasts a favorable, gently sloping topography and is ideally located adjacent to the new Welcome Venture Park. The site is zoned RS-20 & RR, permitting both high-density residential and light industrial development, making it highly versatile. Public water and sewer services are readily available nearby. The property offers convenient access to major transportation arteries, including Highway 70/I-85, with direct access to Old Oxford Road and the planned North Durham Parkway. While a 120-foot wide dedication is required for the potential expansion of the North Durham Parkway, this strategic location ensures significant future growth potential. The asking price for this prime development land is $1,777,500. The property's APN is 177741, and its address is 1502 Old Oxford Rd, Durham, NC 27704. This is a rare chance to acquire a substantial tract of land in a rapidly developing area with excellent infrastructure and access. The property's size and zoning make it suitable for a variety of development projects, promising strong returns for the discerning investor.

    Property Features for 1502 Old Oxford Rd

    General Information

    Property type
    Land
    Lot Size
    516,186 SF

    HighLights

    • Signalized intersection of Old Oxford and Hebron Roads.
    • Gently sloping topography.
    • Public water and sewer available.
    • Easy access to Hwy 70/I‑85, Old Oxford Rd, and future N. Durham Parkway.
    • 120' wide dedication required for potential N. Durham Parkway expansion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Wholesale Shop Auto Repair Shop Hotel & Motel Gym & Fitness Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.86865597
    Latitude
    36.05897766

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    FAQs

    What type of property is this?
    Land - 11.85 Acres, High-Density Potential
    Where is this land located?
    The property is located at 1502 Old Oxford Rd Durham, NC.
    What is the asking price?
    The asking price for this property is $1,777,500.
    What are key features of this property?
    This property features: Signalized intersection of Old Oxford and Hebron Roads.; Gently sloping topography.; Public water and sewer available.
    Request Owner's contact information
    1502 Old Oxford 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
    1502 Old Oxford Rd Durham, NC 27704
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