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    9222 Nc 751 Hwy Durham, NC 27713

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    41 Acres, 1340 Units, 300,000 SF

    Property size:
    300,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 41.1-acre site in Durham, NC, presents a fully entitled mixed-use development opportunity. Located at 9222 NC 751 Highway, Durham, NC 27713, this prime location offers unparalleled access to major thoroughfares, including I-40 (124,000 vehicles per day) and is conveniently situated near Research Triangle Park (RTP), Duke University, and the recently announced Apple campus. The property is zoned MU(D) - Mixed Use Development and is entitled for up to 1,340 residential units and 300,000 square feet of commercial space. This development sits within a larger 165-acre master-planned community, already featuring a mix of single-family homes and townhomes, and is projected to include a neighborhood grocery store. Existing infrastructure includes master stormwater management and stubbed utilities. The site benefits from its proximity to established residential areas with homes ranging from $400,000 to $3,000,000, and nearly 3.2 million square feet of retail space. Highway 751 is slated for widening to four lanes, further enhancing accessibility. While a rezoning process is underway to potentially adjust residential and commercial square footage, this opportunity offers a fast-tracked development timeline with significant potential for return in a rapidly growing market. The property's APN is 0717-04-42-6888. Further details regarding infrastructure improvement costs are available upon request.

    Property Features for 9222 Nc 751 Hwy

    General Information

    Property type
    Multifamily properties
    Square Feet
    300,000 SF
    Lot Size
    1,790,316 SF

    Building Details

    Units
    1340

    HighLights

    • Prime location in the rapidly growing Raleigh‑Durham/South Durham market, benefiting from strong demographics.
    • South Durham site at Hwy 751 and Fayetteville Rd, one mile south of I‑40, Streets at Southpoint, and Renaissance Parkway.
    • Near Chapel Hill, RTP, Duke University, American Tobacco Trail, and Apple's future RTP campus.
    • New elementary school, fire station, parks, and green spaces nearby.
    • Fully entitled development with existing stormwater management and utilities.
    • Proposed mixed‑use development: up to 300,000 SF retail, 888 residential units, and over 300,000 SF Class A office/medical space (rezoning pending).
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Law Firm Auto Repair Shop Gym & Fitness Kitchen & Bath Nursing Home Tech Support Center Assisted Living Facility Plumbing Service Dry Cleaner

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

    Location Insight

    • Map
    • Local Demand
    City
    Durham
    County
    Durham
    State
    North Carolina
    Longitude
    -78.9523569
    Latitude
    35.8776754

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    FAQs

    What type of property is this?
    Multifamily property - 41 Acres, 1340 Units, 300,000 SF
    Where is this multifamily property located?
    The property is located at 9222 Nc 751 Hwy Durham, NC.
    What are key features of this property?
    This property features: Prime location in the rapidly growing Raleigh-Durham/South Durham market, benefiting from strong demographics.; South Durham site at Hwy 751 and Fayetteville Rd, one mile south of I-40, Streets at Southpoint, and Renaissance Parkway.; Near Chapel Hill, RTP, Duke University, American Tobacco Trail, and Apple's future RTP campus.
    Request Owner's contact information
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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
    9222 Nc 751 Hwy Durham, NC 27713
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