Property profile

188 Cherokee Dr Chapel Hill, NC 27517

OFF-MARKET
Land
1.15 ac lot
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Property summary

AI-generated overview

This exceptional 1.15-acre lot presents a unique opportunity in Chapel Hill, North Carolina. Located at 188 Cherokee Drive, in Chatham County (zip code 27517), this property offers unparalleled flexibility for development. Zoned R-1, the land allows for a variety of uses, including commercial ventures, farming, or recreational pursuits. The property boasts an excellent location, tucked away on a short private road off Old Lystra Road, providing a peaceful setting while remaining conveniently close to UNC, Chapel Hill, Chatham Park, RDU, and RTP. Buyers enjoy the freedom of unrestricted use, with no covenants or HOA restrictions. This translates to a wide range of building possibilities, from modular homes and log cabins to hobby garages – all are permitted. The property's convenient location and flexible building options make it an ideal investment for those seeking a versatile and desirable piece of land in a thriving area. Note that an additional lot is also available. The asking price for this 1.15-acre parcel is $100,000. Latitude and longitude coordinates are 35.8510928, -79.0723785 respectively.

Property profile

Verified
Property type Land
Lot 1.15 ac (50,094 SF)

Cap rate & NOI

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

Location

188 Cherokee Dr Chapel Hill, NC 27517
Chapel Hill 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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