7660 Nc-87 Graham, NC 27253
This 1.7-acre fee-simple property in Alamance County, North Carolina (APN 156663), located at 7660 NC-87, Graham, NC 27253, presents a unique opportunity for self-storage development. Priced at $750,000, the site is zoned for self-storage (buyer to verify zoning). An approved stormwater permit, valid until 2031, is included. The seller provides approved civil and architectural plans for two climate-controlled buildings totaling approximately 34,000 net rentable square feet (NRSF). Significant pre-development work is complete, including surveys and environmental reports (copies provided), and structural drawings for the main building. This high-visibility location along S NC 87 Hwy, near the intersection of Old Greensboro Road, sees 3,785 vehicles daily. A new Dollar General is across the highway. The property benefits from Graham's strong population growth (6.9% increase between April 1, 2020, and July 1, 2023) and projected household growth within a five-mile radius (4.4% increase from 2024 to 2029). The site's proximity to downtown Graham and the Chatham Park planned community further enhances its appeal. No climate-controlled self-storage exists within eight miles, creating significant market demand.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.