Property profile

1942 Jones Ferry Rd Chapel Hill, NC 27516

OFF-MARKET
Land
22.55 ac lot
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Property summary

AI-generated overview

This exceptional 22.55-acre residential land parcel presents a unique development opportunity in Southern Orange County, North Carolina. Located on Jones Ferry Road, near the Chatham County line, this property boasts an agricultural residential zoning designation and is situated within the Haw River Protected Watershed. Recent nearby new home sales have exceeded $1,000,000, indicating strong market demand and potential for significant return on investment. The site's potential yield is estimated at up to nine individual lots, making it ideal for a variety of residential development projects. Conveniently located within a 10-minute drive of Chapel Hill and Carrboro, and a 15-minute drive of Pittsboro and Chatham Park, this property offers unparalleled access to thriving communities and amenities. The Orange County PIN is 9757-31-5790-000. The asking price is $500,000, translating to approximately $22,172.95 per acre. This represents a compelling opportunity to acquire a substantial land holding in a highly desirable area. The property's address is 1942 Jones Ferry Rd, Chapel Hill, NC 27516.

Property profile

Verified
Property type Land
Lot 22.55 ac (982,278 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1942 Jones Ferry Rd Chapel Hill, NC 27516
Chapel Hill metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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