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    Property profile & analytics

    740 Cornelius St Hillsborough, NC 27278

    • Commercial real estate
    • 1,980 SF
    • 2.67 lot acres
    For Sale
    View listing
    $300,000
    Value Estimation
    Last Sale
    Mar 11, 2022
    $200,000
    Location Intelligence
    Property ID
    US53-0549384
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hillsborough Motor Lodge / Motel

    Property Details for 740 Cornelius St

    Year built
    1952
    Lot size
    2.67 lot acres
    Property size
    1,980 SF
    Zone code
    HI
    Property type
    Commercial real estate
    APN
    9865-50-4145
    APU
    9865504145

    Description

    This exceptional 2.01-acre commercial land parcel presents a remarkable investment opportunity in Hillsborough, North Carolina. Strategically located directly on Highway 70, this property boasts unparalleled visibility and accessibility, ensuring high traffic exposure for any business venture. Its prime location offers endless possibilities for development, making it ideal for a diverse range of commercial uses. Conceptual plans, included in supplemental documents, showcase potential development scenarios, including but not limited to, retail spaces, restaurants, or office buildings. These visual aids provide a clearer understanding of the site's potential and the various configurations possible. The property's size and location within a growing area promise significant return on investment. This is a rare chance to acquire a highly visible and versatile commercial property in a thriving market. The exceptional location and development potential make this a truly unique opportunity for discerning investors and business owners seeking a strategic foothold in a rapidly expanding region. Don't miss this chance to secure a piece of Hillsborough's commercial future. Further details and supporting documentation are available upon request.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $215,000

    • CAP approach

      CAP return
      Estimation
      6%
      $180,000
      6.5%
      $215,000
      7%
      $185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $165,000
      Geo Method
      $170,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $185,000
      Retail
      $175,000
      Mixed-Use
      $190,000
      Hospitality
      $180,000
      Educational
      $175,000
      Residential Income
      $195,000
      Energy
      $215,000
      Income-Based Land
      $215,000
      Food Service
      $175,000

    Location Insight

    • Map
    • Local Demand
    City
    Hillsborough
    County
    Orange
    State
    North Carolina
    Longitude
    -79.1169
    Latitude
    36.086
    CBSA code
    20500
    CBSA name
    DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,822
    $400,500
    $167,600
    $568,100
    -
    $400,500
    $167,600
    $568,100

    Comparable in this City

    • Value Estimation by Request
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      View Details
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      20.23 Acres

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      Land • 20.23 Acres
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      0.51 Acres

      Hillsborough, NC 27278

      COMMERCIAL (GENERAL) • 0.51 Acres
      Hillsborough, NC 27278
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      66,920 SF

      113 Mayo St

      COMMERCIAL (GENERAL) • 66,920 SF
      113 Mayo St, Hillsborough, NC 27278-2573
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      44,030 SF

      206 Nash St

      COMMERCIAL (GENERAL) • 44,030 SF
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      4.62 Acres

      224 Oakdale Dr

      Land • 4.62 Acres
      224 Oakdale Dr, Hillsborough, NC 27278
      View Details

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    • $300,000
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      Highway 70 Commercial Land Opportunity

      Prime Hillsborough location, 2.01 acres, high visibility.
      740 Cornelius St, Hillsborough, NC 27278
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    Similar Nearby for Lease

    • $24 SF/Yr
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    • Contact for pricing
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      View Details
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    740 Cornelius St
    Hillsborough, NC 27278
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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