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Durham, NC 27704

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

Property summary

AI-generated overview

This exceptional 0.69-acre lot presents a compelling investment opportunity in the thriving city of Durham, North Carolina. Its strategic location offers significant advantages for developers and investors alike. The property boasts convenient frontage road access, simplifying logistics and enhancing accessibility. The expansive acreage provides ample space for a variety of development possibilities, allowing for creative design and flexible utilization. This is a truly unique opportunity to acquire a substantial parcel of land in a rapidly growing area of Durham. The property is being sold in conjunction with 2816 Summerlin Rd., Durham, NC, offering a combined potential for significant returns. The combined properties offer a substantial land holding with excellent potential for future development or redevelopment. Given the current market conditions and the property's prime location, this represents a rare chance to secure a valuable asset in a highly sought-after area. The potential for appreciation is considerable, making this an attractive proposition for both short-term and long-term investment strategies. Serious inquiries are encouraged to explore the full potential of this exceptional property. The seller is motivated and ready to negotiate. Don't miss this chance to own a piece of Durham's vibrant future. The asking price for this exceptional investment opportunity is $150,000.

Property profile

Verified
Property type Commercial real estate
Lot 0.69 ac (30,056 SF)

Cap rate & NOI

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

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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