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2816 Summerlin Rd Rd Durham, NC 27704

OFF-MARKET Commercial real estate Google Maps
0.51 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 0.51-acre property at 2816 Summerlin Road, Unit 2816, Durham, NC, presents a compelling investment opportunity. Situated in a high-growth area of Durham, this lot offers significant potential for development or redevelopment. The property boasts convenient frontage road access, providing excellent visibility and accessibility. Its size allows for a variety of uses, making it an attractive option for entrepreneurs and investors alike. The current asking price is $150,000. Given the strategic location and the potential for future appreciation in this thriving North Carolina city, this property represents a rare chance to acquire a valuable asset in a dynamic market. The absence of existing structures provides a blank canvas for creative development plans, tailored to meet specific needs and maximize return on investment. Serious inquiries are encouraged to explore the possibilities this unique Durham property offers. The property is zoned for [Zoning information not provided, therefore cannot be included]. Further due diligence is recommended to confirm all aspects of the property and its potential uses.

Property profile

Verified
Property type Commercial real estate
Lot 0.51 ac (22,216 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Party Supply Store (Bike/Boat/Book/etc) Store
  • Big Box & Wholesale Store
  • Hat Shop
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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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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