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Property profile & analytics
OFF-MARKET
Land

0 Top Chord New Hill, NC 27562

114.29 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 114.29-acre site presents a significant industrial development opportunity in Chatham County, North Carolina. Strategically located at the US-1 and Pea Ridge Road interchange, this property boasts high visibility and convenient access to major transportation arteries. The land encompasses a mix of existing zoning designations, including approximately 84.84 acres of Light Industrial zoning, 18.22 acres of Neighborhood Business zoning, and an additional 22.95 acres currently zoned Residential, with rezoning to Light Industrial pending. Initial conceptual plans envision the development of approximately 690,000 square feet of warehouse/distribution space and an additional 18,675 square feet of commercial/flex space. The property's proximity to key infrastructure, including the US-1 corridor (29,500 vehicles per day), I-540, and RDU Airport (within a 31-mile radius), further enhances its appeal. Its location within Chatham County's Eastern Employment Node, near Triangle Innovation Point and the future VinFast electric vehicle manufacturing plant, positions it for substantial growth. Planned NCDOT improvements to the US-1/Pea Ridge Road interchange will further support large-scale industrial development in the area. This site offers a rare opportunity to capitalize on the robust industrial market growth in the Raleigh-Durham area and the surrounding region, characterized by low vacancy rates and a significant demand for large-scale industrial spaces. The property's strategic location and zoning flexibility make it ideal for a variety of industrial uses.

Property profile
Verified
Property type Land
Lot 114.29 ac (4,978,472 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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