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    111 Cardinal Dr Hillsborough, NC 27278

    For Lease
    Contact for pricing

    1.4-Acre Commercial Lot, I-85 Access

    Lot size:
    60,984 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This ±1.4-acre parcel presents a prime ground lease opportunity in Hillsborough, North Carolina. Ideally situated off I-85 near the intersection of Old NC-86, this property boasts exceptional visibility and accessibility. The HIC (High Intensity Commercial) zoning allows for a wide range of commercial development options, including retail, food service, or other commercial establishments. Its strategic location provides convenient access to major transportation arteries like I-40, placing it within easy reach of a substantial consumer base. The surrounding area features a mix of established businesses, including hotels (such as the Holiday Inn Express), diverse dining and retail options, and significant residential development in the form of numerous subdivisions and apartment complexes. The property's APN is 9863886897. This location offers unparalleled potential for high traffic and strong returns on investment. The address is 111 Cardinal Dr, Hillsborough, NC 27278. This is a single-tenancy land opportunity.

    Property Features for 111 Cardinal Dr

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    60,984 SF

    Unit(s) available at that property

    Space
    Size
    60,984 SF

    HighLights

    • Flexible zoning permits diverse commercial uses.
    • Ideal location for a bank, quick‑service restaurant, or automotive business.
    • High‑traffic corner lot near I‑85 Exit 164 (54,000 VPD) and close to I‑40 Exit 261 (65,500 VPD).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillsborough
    County
    Orange
    State
    North Carolina
    Longitude
    -79.105486314164
    Latitude
    36.055393075843

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    FAQs

    What type of property is this?
    Land - 1.4-Acre Commercial Lot, I-85 Access
    Where is this land located?
    The property is located at 111 Cardinal Dr Hillsborough, NC.
    What are key features of this property?
    This property features: Flexible zoning permits diverse commercial uses.; Ideal location for a bank, quick-service restaurant, or automotive business.; High-traffic corner lot near I-85 Exit 164 (54,000 VPD) and close to I-40 Exit 261 (65,500 VPD).
    Request Owner's contact information
    111 Cardinal Dr Hillsborough, NC 27278
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    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
    111 Cardinal Dr Hillsborough, NC 27278
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