Property profile

0 Somerset Dr Roxboro, NC 27573

OFF-MARKET
Land
27.88 ac lot
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Property summary

AI-generated overview

This exceptional 27.88-acre residential land parcel presents a compelling investment and development opportunity in Roxboro, North Carolina. Located within city limits on Somerset Drive, this property boasts convenient access to water and sewer services, eliminating significant infrastructure hurdles. The R-6 zoning allows for the creation of single-family homes on minimum 6,000 sq ft lots, or townhomes and multi-family units at 4,000 sq ft per dwelling unit when utilizing municipal sewer. Situated in the tranquil setting of Somerset Estates, a well-established residential subdivision, this land offers a peaceful environment while maintaining easy access to major roadways via direct access from Highway 15-501. The surrounding area features a mix of existing and new single-family homes, along with assisted senior living duplexes, indicating a diverse and thriving community. The property's proximity to Durham and the Research Triangle Park (RTP) area, approximately a 30-minute drive, provides exceptional convenience and connectivity to major employment centers and amenities. Existing water and sewer capacity is already in place, and the property is designated as a 2023 Qualified Census Tract (QCTs) 9206.01. This turnkey opportunity combines the serenity of a residential setting with the strategic advantages of a prime location and established infrastructure, making it an ideal platform for immediate development. Detailed development standards are available upon request.

Property profile

Verified
Property type Land
Lot 27.88 ac (1,214,453 SF)

Cap rate & NOI

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

Location

Somerset Dr Roxboro, NC 27573
Roxboro metro
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Value estimations

Realmo proprietary · 4 methods
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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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