Property profile

I-40 & New Hope Church Rd Chapel Hill, NC 27516

OFF-MARKET
Land
49.7 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 49.7-acre parcel presents a remarkable opportunity for residential development. Located in Chatham County, North Carolina, near the intersection of I-40 and New Hope Church Road, this property boasts an ideal location just minutes from Chapel Hill, Durham, and Hillsborough. The land is zoned RB - Rural Buffer (Single Family), allowing for single-family residential construction. The property's APN is 9872540013 | 9872630055. Its convenient location offers easy access to major transportation routes and urban amenities while providing a tranquil setting. A significant advantage is the property's adjacency to Blackwood Farm Park, a 152-acre Orange County park, providing residents with access to extensive green space and recreational opportunities. This well-situated land is perfect for a subdivision project, offering the potential for significant returns. The existing well and septic infrastructure further enhances the development potential, minimizing initial infrastructure costs. This is a rare opportunity to acquire a substantial tract of land in a highly desirable area, poised for immediate development. The property's size and zoning make it an attractive investment for developers seeking to capitalize on the strong demand for residential properties in this rapidly growing region. The combination of location, zoning, and access to amenities makes this a truly exceptional opportunity. Contact us today to learn more.

Property profile

Verified
Property type Land
Lot 49.7 ac (2,164,932 SF)

Cap rate & NOI

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

Location

I-40 & New Hope Church Rd Chapel Hill, NC 27516
Chapel Hill metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own I-40 & New Hope Church Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message