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    OFF-MARKET
    Land

    86 Old Hwy, Yanceyville, NC 27379

    28.75 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 28.75-acre parcel in Yanceyville, North Carolina, presents a compelling investment opportunity. Located on Old Hwy 86 in Caswell County (zip code 27379), this high and dry land boasts approximately 635 feet of road frontage. Currently zoned for agricultural use, the property offers significant potential for redevelopment. The municipality has expressed interest in a Planned Unit Development (PUD) allowing for mixed-use residential development. Water and sewer are readily available at the roadside. Its strategic location near the Virginia border, Danville Regional Airport, and a major casino/entertainment complex in Danville, Virginia, makes it highly attractive for residential development, potentially catering to a starter home community. The property is also conveniently situated within a 25-30 minute commute of Durham, NC. This cleared land presents a unique chance to create a thriving residential community, capitalizing on its prime location and development potential. The asking price is $1,050,000, translating to $36,521 per acre. Pro forma summaries for both self-developed and developer-to-builder models are available upon request.

    Property profile
    Verified
    Property type Land
    Lot 28.75 ac (1,252,350 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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